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Endowment Mortgage Protection
friend111
Posts: 1 Newbie
I was sold Mortgage Protection for an Endowment Mortgage in 1996. It was with Scottish Widows and we believe it was sold as compulsory and no other options. How do we prove this and do I have to have the policy number?
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I was sold Mortgage Protection for an Endowment Mortgage in 1996. It was with Scottish Widows and we believe it was sold as compulsory and no other options. How do we prove this and do I have to have the policy number?
You do realise that an endowment mortgage was made up of an endowment policy and an interest only mortgage. You would be sold a product to run along side the mortgage. If it is the endowment you are referring to then it would have been compulsory.
The fact is was 1996 and Scottish Widows means it would have to have been an IFA, solicitor or accountant that arranged it. Lloyds didnt retail SW products (or branded their own products as such until many years after that). If it is not the endowment policy you are referring to then it is 9 years prior to insurance regulation.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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