Have we burnt our bridges?

MTG

We were advised by the Royal Bank of Scotland in 1995 to take out an endowment mortgage on a 100% mortgage for £43,500 in 1995. The salesman did not tell us we could loose out - in fact he advised us on an endowment becasue his parents had just finished paying their mortgage off and had an additional £5000 in their pockets at the end of the period. We (stupidly) agreed to pay a fixed rate of 11.1% becasue we were frightened by the salesman that mortgage interest rates were very high and there was every opportunity they would go up again, which sometimes meant we were paying £550 and £600 a month towards what we thought was paying off our mortgage.
We cashed in our endowment in January 2004 which only came to the tune of £7,500 (in other words, our ten years of paying betweeen £500 - £600 per month generated approximately £60,000 to RBS). A couple of months later advertisements popped up all over the place asking people if they had been mis-sold their endowment. Obviously, it was a bitter pill to swallow - have we well and truly burnt our bridges with this one? Is it too late to to complain?

raymond

You can claim on the endowment, but not on the fixed rate.