ENDOWMENT COMPENSATION

Around 10million endowment policies have been sold in the UK. Many of these were sold without appropriate guidance on the risks associated with this type of mortgage.

The Financial Services Authority suggests that around 700,000 policy-holders have yet to make a compensation claim for their endowment shortfall. If you didn’t have the risks properly explained to you, then you could be amongst them. You could be due £thousands in compensation.

Start your claim today. Click here

Why can I make a claim?

An endowment mortgage is an interest only mortgage where you also pay an additional monthly premium to your endowment provider by way of an ‘investment’. The idea was that the ‘investment’ would increase so that you could pay off your mortgage and even have a windfall.

Millions were mis-sold their endowments. In other words, you were told things about this policy that was untrue, or the sales person failed to make everything crystal clear. Many people were told their endowments were guaranteed to pay off their mortgages, but this simply didn’t happen.

We argue on your behalf that if you’d had the full facts in the first place, you probably wouldn’t have bought the endowment. And for this reason you’re entitled to claim your financial losses incurred due to being poorly advised.

How much money will I get?

According to the law, your compensation will be calculated by comparing your current financial situation with what it would have been had you received proper advice. For most people this will be difference between where you are now financially, and where you would have been if you had taken out a standard repayment mortgage. The average claim is about £2,300.

How we can help.

We will:

• » obtain the correct records (evidence)
• » assess the value of your claim including statutory interest
• » communicate with your endowment provider or their nominated solicitors
• » negotiate the highest possible amount
• » assess the reasonableness of any offers made
• » chase your cheque after the dispute is resolved
• » refer your case to The Financial Services Ombudsman and manage the whole process.

How much will it cost?

So confident are we in our ability to help you, that we will act for you on a no win no fee basis. If we’re unsuccessful, you don’t pay a penny! Our fee is 25%(+VAT) of your compensation payout.

Am it too late?

There are time limits for claiming compensation, and any delay by you may result in you being ‘out of time’ and forfeiting your legal right to £thousands. Time is money. So, please fill in our claim application form today

Start your claim today. Click here.