Religion & Spirituality0 min ago
endowment shortfall
1 Answers
I received a red alert style letter last November 2005, from my mortgage endowment company saying that there would be a huge shortfall on the final amount payable to me. Is it too late to make a complaint?
If I have time, can anyone recommend a format for the letter of complaint, please?
If I have time, can anyone recommend a format for the letter of complaint, please?
Answers
Best Answer
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For more on marking an answer as the "Best Answer", please visit our FAQ.You can only complain if you were NOT there could be a shortfall when you bought the policy - they should have told you it is an investment which can go down as well as up.
If they didn't tell you - you have three years to claim from the date you realised you had been mis-sold.
This is a very useful site that has all the information you need:
https://www.which.co.uk/reports_and_campaigns/money/campaigns/endowment_mortgages/index.jsp
If they didn't tell you - you have three years to claim from the date you realised you had been mis-sold.
This is a very useful site that has all the information you need:
https://www.which.co.uk/reports_and_campaigns/money/campaigns/endowment_mortgages/index.jsp