Jump to content

telmanchicks

Registered Users

Change your profile picture
  • Posts

    2
  • Joined

  • Last visited

Reputation

1 Neutral
  1. Hi I had three endowment, two sold to me in April 1988 by independent brokers and third in August 1989. These were not needed as I was better with repayment mortgages. All had major shortfalls and the broker never carried out proper risk Assessments. I was single at that time. wrote to them but was rejected on the grounds that the brokers did not have to abide by the law as it was in April 1988. The last one in 1989 admitted that it was not a suitable policy that the small broker sold it to me but they can't proceed as they need more evidence as to what the broker had told me if I've they wanted his notes which I don't have and the broker can't be found. Theses polices matured in 2012 and 2014 and I took whatever I got. Is there any hope to pursue as I have all the documents apart from the brokers notes as he did not give them to me. Any hope? Would be most grateful for your input. Thanks
  2. Hi I had three endowments, two sold to me in April 1888 (sold by independent brokers who can't be traced now) and third in August 1989. These were not needed and I had no dependants at the time. They were sold in connection with mortgages. All had major shortfall and the brokers never carried out any checks or risk Assessments. I wrote to the companies but two of them said their brokers were independent and did not to abide by the law as the law came in effect in August 1988 and they have rejected the claims. The last one in 1989 has also rejected as the small broker I think didn't give them any checks or risk Assessment as he never did any. It was missold. And I did not at that time understand about endowment and was made to feel I should take it or I won't get the mortgage. i wrote to the company but they have rejected as they want me to provide evidence what the broker said but I have not got the brokers notes! All I have is my paperwork proof of payment and policy doc and letters of shortfall. These policies are quite old and matured in 2012 and 2014. Is there any hope Or what's the way forward? Would be grateful for any advice. Thanks
×
×
  • Create New...