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endowment missell but already cashed in?
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ianian99
Posts: 3,095 Forumite
silly question probably but - If someone was missold an endowment but has already cashed it in would they be able to claim?
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Yes but only up to the point it was used in conjunction with the mortgage. If this was before 2001 (ie prior to stockmarket crash), then a shortfall is unlikely to have existed at that point and compensation would be unlikely. Also, if it had not been running long, the amounts would be pretty small.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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cheers for the reply0
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