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Endowment
mortgage problem
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Do you have an endowment mortgage problem?
The Government has, through
its financial services regulator, the Financial Services Authority (FSA), now officially
recognised that the mis-selling of endowments in order to repay mortgages is so
widespread that it can be classed as a scandal. Most of the present generation
of endowments are likely to fail to repay the full target amount. According to the
latest Government report of the 8.5 million endowment policies still in force,
around 80% are in danger of falling short of the sum required to pay off the
policyholder's mortgage with the average shortfall being £5500 - and it has
warned the problem is likely to get worse rather than better.
To determine if you received
bad advice when you purchased your endowment policy ask yourself the following
questions. If you feel any of these issues relate to you then simply complete the
contact form at the bottom of this page and you will be contacted by an adviser.
Do
you believe your endowment policy was appropriate to your needs
at the time of sale?
Were
all the risks associated with your endowment policy fully discussed
with you by your advisor at the time of sale?
Did
the advisor discuss with you both the repayment and endowment method
to repay your mortgage loan?
Did
your advisor promise you that the full sum assured of your endowment
policy was guaranteed to be fully paid at maturity?
Does
the endowment term stretch beyond your retirement age and was this
discussed with you at the time of sale?
Did
the advisor promise you an additional surplus lump sum at the end
of the endowment term?
For more information
about an endowment mortgage misseling or complaint please click the
link below which will take you to our no obligation enquiry form.
Endowment
Mortgage Complaint Information form
Mortgages
GB Home Page
We
believe the Best Advice is 'Independent' Advice!
Your
home may be repossessed if you do not keep up repayments on your mortgage.
"A
fee may be payable for mortgage advice, depending on your circumstances,
of up to 1% of the loan amount."
www.Mortgage.gb.net
Trading
Style of 1st For Finance Ltd.
Registered in England & Wales no. 4719270
1st For Finance Ltd is an 'introducer' of clients to regulated Independent Mortgage Advice companies and may receive a introductory fee of up to £11.50.
1st For Finance Ltd is not authorised or regulated by the Financial Services Authority.
The content of this web site is 'information' on the services that are offered by our partner advice companies.
The content of this website must not be taken or used as 'advice'
on the type of mortgage that is most suited to your needs.
1st For Finance Ltd hold no responsibility for any advice
given by our partner companies.
Please read our Terms
Of Business for further information.
Registered Office:
7 Fidlas Road Llanishen Cardiff CF14 0LW
Tel:02920 753200
Mortgage Advice Line: 08453 440349 (Answered by Park Row, Cardiff Branch) |
