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Mortgage endowment claim calculations
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rob-53uk_2
Posts: 1 Newbie
hi
I have been informed that my claim for compensation is being upheld, however I have to decide which calculation the company will use to complete my claim
1) calculate any loss by using my exact mortgage details making allowance for any change in lenders or special deals I may have had or
2) use the assumption method which assumes that I had a standard variable rate mortgage with the Halifax throughout the term of my interest only mortgage.
My policies have been running since 1988 and are to cover a loan of £40,000 which should I chose??????
Bob
I have been informed that my claim for compensation is being upheld, however I have to decide which calculation the company will use to complete my claim
1) calculate any loss by using my exact mortgage details making allowance for any change in lenders or special deals I may have had or
2) use the assumption method which assumes that I had a standard variable rate mortgage with the Halifax throughout the term of my interest only mortgage.
My policies have been running since 1988 and are to cover a loan of £40,000 which should I chose??????
Bob
0
Comments
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If you can give them all your rates and dates then that is the most accurate. If you cannot give them that data, then the Halifax SVR is the easiest option.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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