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Mortgage Endowment Shortfall Claims

Does anyone know please, of the Best Company to undertake a Mortgage Endowment Shortfall Compensation Claim?

I have only come across those that want to take 25% of a No Win No Claim Basis. :(

Comments

  • payless
    payless Posts: 6,957 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    If you think you have a valid claim try -

    http://www.which.net/endowmentaction/

    and its free
    Any posts on here are for information and discussion purposes only and shouldn't be seen as (financial) advice.
  • payless
    payless Posts: 6,957 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    BTW

    You don't get anything due to the actual shortfall

    Its based on whether it was mis sold & whether you have made an actual loss
    Any posts on here are for information and discussion purposes only and shouldn't be seen as (financial) advice.
  • dunstonh
    dunstonh Posts: 120,028 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    I wouldnt use any of them. Just use the Which letter as that seems comprehensive enough.

    The compensation will not be increased because you have used one of the rip off companies.
    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.
  • rcb7
    rcb7 Posts: 100 Forumite
    Thankyou for the Info' and Tips.

    I do have grounds for claiming, Scottish Provident sold us the Endowment, but it is not going to reach the target amount, WHICH is very informative.

    This has helped me to the next step, before time runs out on claiming :(
  • Finishrich
    Finishrich Posts: 1,038 Forumite
    Part of the Furniture 500 Posts Combo Breaker PPI Party Pooper
    Thankyou for the Info' and Tips.

    I do have grounds for claiming, Scottish Provident sold us the Endowment, but it is not going to reach the target amount, WHICH is very informative.

    This has helped me to the next step, before time runs out on claiming  :(

    we just used a site like the which one above, it gives you a sample letter to use. But please bear in mind like the others have said "a shortfall in the amount you expect to receive is NOT a reason for complaint" You have to have been miss sold the policy. They won't pay up if you just complain about the payout amount.
  • rcb7
    rcb7 Posts: 100 Forumite
    Thankyou for your Msg

    But after reading everything i could find on the subject on this website, which is vast, we have decided to change over to a Repayment Mortgage

    As this seems to be the best action we could probably take, the sooner the better

    So these companies win again, we were mis-sold as many other people have been. >:(
  • payless
    payless Posts: 6,957 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    That should not stop you from asking for an endowment review- if you believe you were mis sold-

    just highlight why you were mis sold
    Any posts on here are for information and discussion purposes only and shouldn't be seen as (financial) advice.
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