No Endowment

Mr_helpful

To be fair those are cases where the endowment was assigned and it is right that the lender should take responsibility to put alternative payment in place but I think its very different with a non assigned policy and as far as I can see we dont know if this was assigned or not. I cant remember when but the Halifax gave up assigning policies a long time ago.

dunstonh

also, over the years, people remortgage but the assignment remains with the original firm. They get told about a lapse and if they no longer have an interest, they dont care. That wouldnt result in an upheld case.

defender_of_the_weak

Nothing is ever 100% one way or the other. Without more info no one can say whether this case would succeed or not

JoeK_3

I suggest that your parents lodge a complaint with the lender and this will cause them to investigate the case thoroughly.

Hopefully it will throw up the answers that you are looking for.

JoeK

regularsaver1

It is the endowment provider who the complaint should go to

EdInvestor

regularsaver1 wrote: »

It is the endowment provider who the complaint should go to

Except that there isn't one.

regularsaver1

Well who did they think the provider was then?

Clerical medical?

absolutebounder

Didnt they think it a bit strange that their mortgage balance remained the same yet they wernt paying into any savings plan?

Dithering_Dad

absolutebounder wrote: »

This is good most of the time we have people whinging about the performance of their endowment and making up excuses as to why they were mis-sold so they can fiddle some compensation. Now we have some one complaining they didnt get one. Perhaps you should thank the lender for not mis-selling an endowment

Why are you such an unpleasant person? You seem to revel in other people's misfortune and look down on them from your lofty position of self proclaimed "millionaire". If you don't have anything constructive to say, then why have any input into the discussion at all?

You're like one of those South American moths that survive by drinking the tears of animals.

absolutebounder

Dithering_Dad wrote: »

Why are you such an unpleasant person? You seem to revel in other people's misfortune and look down on them from your lofty position of self proclaimed "millionaire". If you don't have anything constructive to say, then why have any input into the discussion at all?

You're like one of those South American moths that survive by drinking the tears of animals.

What are you on about? I made a valid comment even got thanked for it. There was a time when endowments were paying out surpluses to the mortgage. Did anyone complain their endowment was mis sold? No, When the stockmarket collapsed all of a sudden everyone is complaining they were mis sold. Now lack of performance is not grounds so many people are concocting a whole load of excuses (lies) as to how they were mis sold an endowment because a whinger always wants to pass the buck. Its always someone elses fault and they now demand compensation for their lack of dilligence.
In this case it appears no endowment was sold and the person is complaining. No doubt if they had been sold an endowment they would now be complaining it was mis sold. At least here we are not looking at another mis sold endowment.
There is an old saying "a fool and his money are easily parted" I notice from another thread you have been parted from your endowment and your free shares

Yes we all make not so good purchases but you wont get well off by spending hours by whinging about it, treat it as a lesson and be thankful that you have learnt something.
The OP should be saying Here we have a problem. Whats the best way out of it? NOT who can I blame for what is largely my error.