Endowment mortgage mis sold

Questions and Answers

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?

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Endowment Mortgages. My experience with my endowment provider is that having complained they have upheld?

Q) my complaint that I have been mis-sold an endowment mortgage. My contention is that the company have produced a document I have not previously seen illustrating the possibility of negative equity on maturity, which is different from the original I have on file. Now this clearly fraudulent misrepresentation which I have challenged the company on who deny such practice was going on to secure business. I cannot divulge the companies name other than to say they based in Hertfordshire. They have offered me a return of premiums paid plus a derisory level of interest to close the policy as I am some 22 years into the 25 year policy and some £6k on the value and £17k short on projection. Anyone had the same experience of fraudulent misrepresentation

A) I suggest you speak to your Solicitor (or failing that, check on-line with sites such as 'Money Saving Expert' - link below) You may have very limited time left to make a claim - essentially the time starts when you first become aware of the possibility of a shortfall - this is usually taken as the date they sent you a 'red warning' , however it is hard to believe that ANYONE is now unaware of the Endowment miss-selling scandal ...

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.