5M Missold an endowment mortgage ADVICE (General Comments)

Member Name: barny46

Product:	General Comments
Date:	28/09/02 (954 review reads)
Rating:

Advantages: Writes the letter of complaint for you, Very informative site

Disadvantages: None

Which? and Consumers' Association have created a website to help the estimated 5 million people that may have been mis-sold an endowment mortgage obtain financial compensation.

http://www.endowmentaction.co.uk/

Thousands of people who were mis-sold an endowment have obtained compensation through the formal complaints process. This site will assist you by helping you write your letter of complaint.

Grounds for complaint.

You have grounds for complaint if your advisor did not make sure that an endowment mortgage was suitable for you or advise you of the risks involved.
Were you told of any other options that were available.

Were you told that the endowment policy was guaranteed or would definitely pay off the mortgage or even give you a lump sum as well on maturity of the endowment policy.

You can also complain if your endowment mortgage was expected to run beyond your expected retirement age.

You will require two numbers i.e Your endowment policy number and your mortgage reference number (account number)

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