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NU Endowment claim, no mortgage

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Hi

Having received my ‘red notification’ letter, I have applied to the NU for compensation. I now have their questionnaire to complete. I am claiming for mis-selling as I was advised the endowment would pay off my mortgage and give a lump sum.

I no longer have a mortgage against my endowment as I have sold the house. Do I still have a case for compensation?

Thanks

Keith

Comments

  • dunstonh
    dunstonh Posts: 119,679 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    You can still complain but any redress that may become payable will be calculated to the point it was no longer used against the mortgage.
    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.
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