Have you been mis-sold an Endowment Mortgage?
You could be owed £1,000s in compensation!
You may have been mis-sold an Endowment Mortgage if any of the following statements are relevant to you:
Complete our simple Endowment Mortgage claim form above
We'll give you a call to discuss your Endowment Mortgage claim & to determine if you're eligible
Receive pre-filled forms to sign and return to us
Sit back and relax while we process your Endowment Mortgage claim and retrieve your refund
An Endowment is a savings plan designed to mature at the same time as your interest only mortgage. It was designed to provide sufficient funds at maturity to repay your mortgage in full.
There were two main types of Endowments, a With Profits Policy or a more risky Unit Linked Policy where your premiums were invested in stocks and shares.
When the housing market and the stock market boomed in the mid 1980's, interest only mortgages and Endowments were sold in their millions with the expectations that consumers would be left with no capital to pay and a lump sum when the Endowments matured.
However in the mid-1990s it became obvious to millions of people that these expectations were completely overstated and the Endowments were not performing as expected, it became so bad that in the late 1990's the regulator at the time told the Endowment providers to write letters to millions of consumers to warn them of the risk of a "shortfall".
Since this ruling from the regulator, millions of people have either complained about their policy or switched to a repayment to avoid being left with a shortfall.
Compensation is usually based on what your position would have been now if you hadn't been sold an endowment policy but had taken out a repayment mortgage instead from the outset, it involves:
You can still make a claim even if you have already cashed in your Endowment or if it's already matured.
*A fee may be payable if a case is not pursued at the clients request once the claim has been processed by the Company (after a 14 day cooling off period expired) Our charges will be calculated by reference to the time spent by us in investigating and pursuing the Claim on your behalf up to the date the Contract ended, which shall be charged for in units of 6 minutes at the rate of £80 per hour + VAT (i.e. 10 units of 6 minutes make up 1 hour).