Endowment mortgage compensation

Questions and Answers

endowment mortgage compensation catch?

Q) I have recently been awarded compensation about £3700 on one of my endowment policys but the catch is that i have to change my current part repayment/ part interest only discounted and fixed over 7 years, to a repayment mortgage to qualify for the money. A. Why can't i just pay the money into the existing policy B. if i accept this compensation, Will this mean that the endowment policy will cease to run? C. they have also offered to let the policy run to term which is 2013 and give me a much smaller sum of £450. Should i accept this offer instead and let the policy run and take a chance? D. If i do accept and change to the repayment option this will put my monthly outgoing of payments up another £200 pounds Is ther anyone out there who has a solution Thanks!

A) We have just received compensation with none of the above. This does not seem right & you need to ask why you have to go with one of the above, with the compensation Co. You receved the comp' for the ill advice on your mortgage & the above items should not depend on wether you receive the agreed amount or not. Good luck.

Who pays the compensation on miss sold mortgage endowments does this come from savings unrelated to mortgages?

Q) When the goverment forced insurance copanies to pay out compensation for miss sold mortgage endowment policies, is it true that the money to pay the excess is taken from bonuses to ordinary endowment savings accounts and that those in these saving accounts are the actual ones who suffer iat the end of the day.

A) Adverts-- on the t.v are talking all the time about getting tin touch with them. can't think of any off the top of my head right now but keep an eye out for them or do a google search on the net...

Endowment Mortgage Claim-Am I being over charged?

Q) I hadn't a clue how to go about claiming for a mis-sold endowment policy, so I went with a "No win/no fee", company I saw advertised. I thought I'd been given to understand they took 50% of any compensation over what was needed to clear the shortfall. They took 3 yrs and some prompting to bring this to a conclusion, and now they are asking for 50% of the total compensation. Have I any redress?

A) Hi, this is a specialized webpage about home money saving tips. you can see these suggestion about insurance saving. http://www.bernanke.cn/insurance-saving-tips.html Wish it will help you. Good Luck!

Endowment mortgage compensation catch?

Q) I have recently been awarded compensation about £3700 on one of my endowment policys but the catch is that i have to change my current part repayment/ part interest only discounted and fixed over 7 years, to a repayment mortgage to qualify for the money. A. Why can't i just pay the money into the existing policy B. if i accept this compensation, Will this mean that the endowment policy will cease to run? C. they have also offered to let the policy run to term which is 2013 and give me a much smaller sum of £450. Should i accept this offer instead and let the policy run and take a chance? D. If i do accept and change to the repayment option this will put my monthly outgoing of payments up another £200 pounds Is ther anyone out there who has a solution Thanks!

A) We have just received compensation with none of the above. This does not seem right & you need to ask why you have to go with one of the above, with the compensation Co. You receved the comp' for the ill advice on your mortgage & the above items should not depend on wether you receive the agreed amount or not. Good luck.

Can anybody recommend a reputable company with whom I can claim compensation on my mis-sold endowment policy?

Q) I am looking to claim compensation on my endowment mortgage but can't decide between the vast numbers of 'specialists' looking to manage my claim . Has anyone had experience with a reputable company in this area?

A) Interesting you should ask that. My wife and I recently had to go through all this. After looking at the options on the table (Ombudsman, various claims companies, so on and so forth) we went with a company called Claim2Gain. Basically, they help you make a claim, and take their cut from the final payout. Yes, that means you get slightly less than if you claim by yourself, but hey, 90% of something is better than 100% of nothing. Long story short, we got the compensation we were looking for, and you can't ask for much more than that! Hope this helps.