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mis sold endowment mortgage
pKaTz
Posts: 256 Forumite
i was going thru some of my dads letters and his is still paying for the endowment on a mortgage which releated to a previous property.
He now lives with me in the new "FAMILY" home.
a letter was sent by the company - CIS [coo-operative Insurance] stating that all missold claims should be claimed by Feb 2006.
Do I still have a case- or is it too too late.
Thx
KaTz
He now lives with me in the new "FAMILY" home.
a letter was sent by the company - CIS [coo-operative Insurance] stating that all missold claims should be claimed by Feb 2006.
Do I still have a case- or is it too too late.
Thx
KaTz
0
Comments
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If they have set a timebar date and its gone by then its too late assuming the time bar is valid.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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A timebar may be challenged with the Ombudsman if there have been exceptional circumstances such as long term illness of the plicyholder or close relative, fire, burglary, bereavement etc. Would any such circumstance or similar apply to your dad. Please feel free to pm me the details if you do not wish to discuss on a public forum.
Having said that the date does seem quite early for a CIS policy to be time barred. Have you or your dad been in touch with them to check the dates and ask for copies of the original high risk letters to confirm the contents of the letter you refer to0
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