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How should I ask for compensation to be calculated??
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spyslikeus
Posts: 15 Forumite
Hi,
Winterthur life have accepted my endowment was missold and have offered me two means of having any compensation calculated:-
- Either use the Halifax variable rate throughout the life of the mortgage
- Or I complete details of every mortgage I have had, every rate it was at, and whether life assurance was a requirement or not
Once chosen, I cannot change my mind for the calculation method, so am trying to work out which option is likely to be best.
As I've changed mortgage often for a low rate, I think choosing the comparison with the variable rate will be better, though would welcome anyone's knowledge in this area.
Winterthur life have accepted my endowment was missold and have offered me two means of having any compensation calculated:-
- Either use the Halifax variable rate throughout the life of the mortgage
- Or I complete details of every mortgage I have had, every rate it was at, and whether life assurance was a requirement or not
Once chosen, I cannot change my mind for the calculation method, so am trying to work out which option is likely to be best.
As I've changed mortgage often for a low rate, I think choosing the comparison with the variable rate will be better, though would welcome anyone's knowledge in this area.
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