mis- sold mortgages

[okeydokey]

Has anyone won any money from A Mortgage Company or Building Society, and not used one of these companies who help for part of what they get you.

[bobclean]

I don't think 'won any money' is the term I would use, but I have received compensation from the company who sold us our endowment policy. We went to them directly, after being shocked to hear how much commission the 'endowment claims' companies wanted.

[okeydokey]

Your correct. (won ) sorry Thanks I was discussed with what they charge

[woofgang]

yes we did. We wrote to the bank and said that we wanted to claim and they sent us a very simple form to complete, also a note of what their policy was on response times and so on. We completed the form and returned it and they sent us a cheque. We had no documentary proof of misselling, it was just our word on what we had been told some 20 odd years ago. We had to sign a waiver saying that we had received a full and fair settlement and they sent us a note of how they had calculated the amount that we were owed which we agreed with. all very easy, no stress or hassle. the bank was lloyds

[woofgang]

heree's the website we got the info and letter templates from. Its all free and very easy to http://www.which.net/endowmentaction/

[okeydokey]

Thanks Woofy; thats just what i needed Thanks again

[woofgang]

you are welcome. These folk who imply that you need their expensive help to claim get right up my nose!

[The Tiggster]

Hi Okeydokey, I battled with a particular endowment/mortgage provider who turned down my claim of mis-selling. I then complained to the Financial Ombusman who took on the case for me. A few months after that I was offered a more than satisfactory sum for my policy & compensation that took me to the point I would have been at had I taken out a repayment mortgage in the 1st place (my endowment was under performing by 45% of my mortgage).

I will point out that I did have a very strong case & paperwork to back up my claim, but the ombudsmum were excellent help.

Try looking on their site

http://www.financial-ombudsman.org.uk/

and good luck.