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What happens with shortfall in endownment mortgage while in receipt of benefits?

Jo4
Jo4 Posts: 6,852 Forumite
Part of the Furniture 1,000 Posts Combo Breaker
in Benefits & tax credits
A friend who is in receipt of benefits has an endownment mortgage which is due to end next year. There is a shortfall in the endownment policy at the moment. What will happen about the shortfall, will they be expected to pay the shortfall next year, will they have to take out a loan next year or what will happen?

Can anyone offer any advice?

Comments

  • Scarlett1
    Scarlett1 Posts: 6,887 Forumite
    has your friend thought about sueing from who she got the endowment from for a miss-sold policy ?
  • Jo4
    Jo4 Posts: 6,852 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Scarlett1 wrote: »
    has your friend thought about sueing from who she got the endowment from for a miss-sold policy ?

    They tried but were unsuccessful.
  • Lita_Ford
    Lita_Ford Posts: 179 Forumite
    lifes a !!!!! aint it
    Flames in the Garden of Eden
    Heaven in pieces at my feet
    I faced the raging ruins
    Of a million sleepless nights
    I need to rest my weary head
    On your resurrection bed.
  • dmg24
    dmg24 Posts: 33,920 Forumite
    10,000 Posts
    Hi Jo

    Probably better to post on the mortgages board, I'm sure someone will be able to help over there x
    Gone ... or have I?
  • Jo4
    Jo4 Posts: 6,852 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Can 1 of the mods move it then as I don't want to be posting duplicate posts?
This discussion has been closed.
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