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Mis -sold endowment - why do they want to know if I was in receipt of DWP benefits?
marie43read
Posts: 34 Forumite
Hello
I am filling in a claim for the FSCS to see if I was mis-sold an endowment back in 1991 - and one of the questiions is: were any of my mortgage payments paid for me by the DSS. I did make a claim for benefits in the 90's and I had the interest paid for me for about 2 years. Why do they want to know this? Is this relevant to my claim. A friend had let me look at a copy of the form she had filled in - and there was no mention of this in her form.
Will this go against my claim for compensation?
Thank you
I am filling in a claim for the FSCS to see if I was mis-sold an endowment back in 1991 - and one of the questiions is: were any of my mortgage payments paid for me by the DSS. I did make a claim for benefits in the 90's and I had the interest paid for me for about 2 years. Why do they want to know this? Is this relevant to my claim. A friend had let me look at a copy of the form she had filled in - and there was no mention of this in her form.
Will this go against my claim for compensation?
Thank you
0
Comments
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marie43read wrote: »Hello
I am filling in a claim for the FSCS to see if I was mis-sold an endowment back in 1991 - and one of the questiions is: were any of my mortgage payments paid for me by the DSS. I did make a claim for benefits in the 90's and I had the interest paid for me for about 2 years. Why do they want to know this? Is this relevant to my claim. A friend had let me look at a copy of the form she had filled in - and there was no mention of this in her form.
Will this go against my claim for compensation?
Thank you
As the payments were made for you by the DSS this will be taken into consideration when assessing your potential compensation claim but it will not affect the decision process of whether you were miss-sold or not.
Proceed with your claim.
JoeKI am an Independent Financial Adviser.Anything posted on this forum is for discussion purposes only. It should not be considered financial advice. Different people have different needs and what is right for one person may be different for another. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser who can advise you after finding out more about your situation.0 -
I would imagine it has to do with the fact that your mortgage was actually being covered by Income support housing costs during this period & they would want to take this into account when assessing what redress may be due to you.
If you werent having to meet the interest payments for a 2yr period then they will probably deduct the amount that Income support paid on your behalf.The bigger the bargain, the better I feel.
I should mention that there's only one of me, don't confuse me with others of the same name.0
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