1st Time buyer in late 1980s-early 1990s

Gareth1757

Hello,
I wonder if you were a first time buyer during the late 1980s-early 90s, and was told by your mortgage advisor in Halifax or other building societies that an endowment mortgage was mandatory for first time buyers. I recently had a reply from another thread I put that this ploy was tried in the early 90s, but the recipient, who was more familiar with the market, insisted on a repayment. This was granted to him.

My mortgage was sold to me by the same advisor who mis-sold me PPI and several other mortgage related insurance policies, so I am interested if others experienced this 'so called mandatory' requirement for first time buyers to have an endowment mortgage offer only.

Thanks

BoGoF

Take it you didn't like the answers on the other thread.