Mis-sold endownment - anyone any experience of a claim?

[gordonhall]

I know this is a big issue, and I don't really want to open up a huge can of worms here (i'm sure there are dedicated sites somewhere on the net for this topic) but I was wondering if anyone had any experience of having been mis-sold an endownment and have successfully (or not!) sued/reclaimed etc.

 

Its a line I'm thinking of going down, but don't have any experience/understanding of at the moment.

 

I certainly believe we were railroaded into an endownment mortgage - you could almost see the woman counting the commission in her head as we signed, but I've done nothing about it so far - anyone any thoughts on the whole topic?

[focusman01]

We were miss-selled our endowment for our mortgage, we wanted a straight forward repayment, but was told that "If you remortgage then you would have to start again, an endowment was the way to go, and we would have a nice lump sum when the endowment matures, being able to pay off our mortgage with money to spare" being first time buyers we went with what the Independent Financial Adviser advised us to do. We are now in the process of legal action, but it does take time.

The company who this adviser works/ed for is of course denying the quote, but my Father-in-Law was there, so he witnessed what was said.

I will let you know what the outcome is. If you think you were miss-sold an endowment then seek legal advice, there are many people like us who have been stuffed up by greedy b****s

[maca_s_2000]

Yes, but please learn from my mistakes checkout my thread Endowment UK.

 

If I could do it all over again I would do it myself and NOT use any thirdparties to act on my behalf. You can get all the info needed to pursue a claim yourself off http://www.moneysavingexpert.co.uk.

[gordonhall]

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