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Found 17 results

  1. Hi, Trying to claim mis selling from Santander ( bought as A&L mortgage 1991). I have completed a questionnaire, they came back with it was another company who sold me the endowment, on submitting a request to them, they say an agency worked in their office, it has now ceased............... .Im struggling, I'm sure I've read somewhere whoever the mortgage/endowment policy is with, ultimately they are accountable by law, cannot find this anywhere now. Can anybody help me out with some advice on where to go with this please?
  2. Cut a long story short. Bought a house in 1990 with an endowment mortgage (was the "in" thing then). Morgage was for price of house of £48,000. In 1995 marriage broke up and house was repossessed. Never heard anything except that the house had been sold by the bank. Moved to England from Scotland. Surprised yesterday to have a letter from the endowment company tracing me (since remarried so different name and now widowed). It states quite clearly they are NOT looking for me to pay anything but are keen to re-unite me with my investment? I would have thought this would have
  3. Mortgage taken out in joint names 25 years ago with endowment. Partner did a runner within weeks of exchanging contracts and due to financial problems the matter was never resolved and all bills got paid by the remaining partner. Role on 25 years and the mortgage is due in a few weeks but I have been informed both parties need to sign the endowment release papers. I have tried online tracing services and no records of the missing partner exist within the last few years, the last known address was 2 years ago on electoral role. Where do I stand as I obviously need the endowment funds to pay the
  4. Hi I would be grateful for any advice. my mortgage with santander has come to an end and i have a shortfall of 40000. I work full time have no arrears. I can continue with payments but will they want to repossess for outstandnig balance.
  5. Hi, I've just received a letter from my building society letting me know that they have applied for te payment on maturity of my endowment policy. I know it's not enough to cover the mortgage which does not require paying back until 2016. The endowment matures in November 2013 and I assumed the money was paid to me so that I can try to increase the sum before the mortgage is due to be paid off. My question is can the building society do this - I thought Norwich Union/Aviva paid me the endowment money. Any advice gratefully received. Gary
  6. Hi Not Sure if in the correct section. when my partner took out his mortgage (approx 20 years ago) he took it as an endowment. A few years ago we got into some financial problems and to stop the bank (BOS) repossessing we were switched to an interest only mortgage and stopped paying into the endowment 'fund'. Earlier this year we received an endowment statement with a figure of approx 8k, however we realised that for each year since we stopped paying into it the company (Countrywide assured) have been using the units up to service the policy. We have decided to try and cash i
  7. Hi All, Please help, this is killing us...the stress is causing us so many problems...we can't eat and its ruined the family. We took out a Endowment policy in the 90's via a broker. The Endowment policy is Prudential, and we were told the Endowment policy will pay off the total mortgage and pay me a lump sum at the end of maturity. We found out today there is a shortfall of £35k!!! We complained to the FSA/FOS, who stated because the broker is no longer trading we cannot claim compensation. They cannot make the claim against anyone we have been told. We spoke to Mone
  8. My parents have just finalised an endowment mortgage originally taken out with Abbey, (in around 1976) & were expecting a lump sum - they are now being told that they can only have 25% of the annuity in cash, & the remainder paid on a regular basis. I'm trying to help them get to the truth of it, they're sure they should be able to get this lump sum as per the original mortgage agreement. They have all the relavent paperwork, however during a recent phonecall to Santander, they were told that Aviva is now "dealing with this aspect of the mortgage". They are considering the FOS, h
  9. YORKSHIRE BUILDING SOCIETY - ENDOWMENT SHORTFALL I would be very grateful for any advice. I have an endowment mortgage shortfall leaving me with a £21,000 debton my 25 year interest only mortgage with the Yorkshire Building Society. I am 60 years, severely disabled and my wife is my full time carer, we are totally dependant on benefits and was unable to do anything about the shortfall, we received a small amount of compensation some time back after commissions were taken. I have written twice to YBS setting out clearly our circumstances, I advised I would try and pay in extra
  10. In 1992 I took out an endowment policy with Scottish Provident which was sold via a broker paying around £50 a month. At the time all I wanted to do was save £50 a month and was persuaded by some financial person who used to come round the Army Barracks where I was based to take this savings plan out. I never even knew what an endowment policy was till a few years after. More than likely I was missold this policy is it too late to do anything about it, I cashed the policy in with Scottish Provident in 2002 and have no idea who the broker was unless I SAR Scottish Provident. Any ide
  11. I took out an interest only mortgage back in 1999 with Verso, part of The Britannia. The mortgage was sorted through a financial adviser who advised me to take interest only rather than a repayment mortgage, and he sorted the endowment policy as well. I remember there was a big thing a few years ago about endowment policies not clearing peoples mortgages and want to know if I can still claim back on the one I had. I can't remember the name of the financial adviser apart from his first name, or the endowment provider, it was Scottish something. If I contacted the Britannia would they be able
  12. Hi all, My mum and dad wrote to andrews mortage services back in 2005 when they were told about the mis selling of endowments (they have a £65k Shortfall) and its really stressin them out. I have got all the paperwork, and andrews did reply in 2005 , but nothing states at all final responce. My mum is one that will not make a fuss, but this is making her ill. i have written to andrews and they have said tha they have sent their final responce in 2005 and will not reply as this is now time barred, i have read (and re-read) all teh paperwork, and it really doesnt look like a
  13. hi everybody. I bought a flat in 1990, I was advised at the time to take out an endowment mortgage by Birmingham Midshires, no longer around I think. I paid in for 10 years, got into financial difficulties, and sold up in 2000 just in time to avoid repossession. After 10 years I had to sell for virtually the same price as what I paid, so annoying at one time I was working 3 jobs to try and keep my home, to no avail. Is it too late to do anything about it:???:
  14. Hi In December ’89 I brought a property for £53,500. I paid a mortgage indemnity guarantee at the time the mortgage. I also started an endowment policy. The initial mortgage company split the mortgage in two giving a main and top up mortgage. This company went bust and the mortgage was sold off to another company (still in two parts). This company then sold the mortgage on again (still in two parts) to a sister company of Halifax (HL6 ltd). I was repossessed in October ’97. The property was then sold for £23,000 by the mortgage company to pay off the debt. This left £30,000 negative equity
  15. I have a joint endowment to pay of my mortgage that was taken out with an ex partner who has moved abroad and is not on speeaking terms. I have continued the payments foolishly thinking it would just be paid at the end of the 25years (in 5 years). I have since been told by a friend that I will not be able to get the money without her signature or a joint account, I have no way of contacting her and am now worried that I will be in deep do do in 5 years!!
  16. Hi i was wondering if anyone can help me and my husband . 12 years ago my husband took out and endowment policy when he had his own morgage he cant remember who it was with but he know he never cashed it in even when he sold the house he stopped paying due to finacial problems at the time so i was wondering if any one could help us in finding out who the endowment policy was with and how he goes about cashing it in now . we would be really greatful if someone could help us.
  17. I have an endowment mortgage linked to two life assurance policies. At the end of August these two policies matured and the money generated paid to directly the mortgage lender by the life assurance company. These payments reduced the balance of the loan to around £1,000 which I intend to pay off this month (when the loan completes). However, I noticed on my bank statement for that the lender has charged me the full amount of interest for last month (September) on October 3rd. Is this right? My understanding is that the interest is calculated daily and hence this months payment should have red
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