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mortgage mis sold in 1993
ncfc9
Posts: 2 Newbie
hi all, i had an endowment mortgage which i believe was mis sold in 1993.is it to late or possible to get any compensation? hope you can help! thanks
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Comments
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Maybe, maybe not. You may be time barred. But you may be not.
Who gave the advice and when were you first notified of a high risk of not hitting target? Who is th insurance company?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 -
it was sold by eagle star and was told about 2001 that it would not be hitting the targets at which it was sold to us.0
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The timebar kicks in 3 years after you get a letter which says there is a "high risk" that the endowment will not repay the mortgage.Usually these letters had a "red alert" traffic light aspect.Trying to keep it simple...
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