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Hi there, I'm enquiring on behalf of my Grandparents. I'll keep this short and to the point. They were "forced" to take out an assurance policy with above co. with their mortgage, despite having an endowment mortgage. They paid a premium each month from 1985 to 1994. The FA at the bank (Barclays) said they had to have this insurance otherwise they could not remortgage, even though the mortgage had the same level of cover anyway. My Grandmother has enquired with GRE if they would have paid out aswell as the endowment, their answer was NO! meaning they have paid for something totally useless. Its not PPI as such, more a life policy, can they claim it back? How do I use the calculator? (in simpleton terms please) do I have to work out the interest on each individual payment (their interest was 14.25% pa) or if I put in the start date and todays date and the premium, will it tell me what the interest was and we use that figure? THEN add on the 8% ??? I'm a bit stuck at what to do, sorry :/ If there is anything you want to know to be able to help me better please ask, I was avoiding turning this post into War & Peace Thanks in advance Heidi
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