You may be able to get compensation even if you've surrendered your endowment policy. Compensation is usually based on what your position would have been now if you had taken out a repayment mortgage instead of an endowment mortgage. It isn't based on what you expected the policy to be worth.
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Compensation is usually based on what your position would have been now if you hadn't been sold an endowment policy, but had taken out a repayment mortgage from ...
If the adviser or company that sold you the endowment no longer exists, contact the Financial Services Compensation Scheme, they might be able to pay ...
An endowment policy is a regular savings plan that will pay out a lump sum at the end of its term, or if you cash it in early, or on the policyholder's death.
Jun 22, 2023 · An endowment loan is a type of mortgage in which the borrower does not pay off the principal of the loan until the mortgage expires.
Oct 10, 2020 · It is a mixture of an investment and an insurance policy. You pay the interest on the lump sum you have borrowed rather than repaying the sum ...
Is my endowment compensation fair? | Property - The Guardian
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Apr 18, 2007 · The first is between the total amount paid in mortgage interest and endowment premiums against the total you would have paid in mortgage ...
Jun 9, 2015 · Compensation claims for mis-sold endowment mortgages was the first of the mass retail compensation. This Paper is primarily of historical ...
Even if the company that sold you the Endowment Mortgage is no longer in business, the Financial Services Compensation Scheme (FSCS) may cover you. This scheme ...
An endowment mortgage is a mortgage loan arranged on an interest-only basis where the capital is intended to be repaid by one or more (usually Low-Cost) ...