Endowment.net
Traded Endowments
Endowment.net Traded Endowments
Do
you feel you were mis-sold your endowment mortgage?
Endowment.net
offer a service on a no-win no-fee basis to construct and
manage a complaint on your behalf and thereafter handle all
matters arising from this course of action.
Their
ultimate aim is to obtain possible compensation (redress)
in respect of any financial loss you have suffered as a result
of the inappropriate or lack of advice provided.
Most
of the present generation of endowments are likely to fail.
The
Government has through its financial services regulator, the
Financial Services Authority (FSA) now officially recognised
that the sale of an endowment policy in order to repay a mortgage
has turned out to be a scandal.
As
it would appear most of the present generation of endowments
are likely to fail and this is going to leave millions of
homeowners with a potential shortfall when the time comes
to repay their mortgage.
This
is in stark contrast to what most people were promised at
the point-of-sale.
The
reason for the failure of endowment policies has resulted
from the slump in global equities and the uncertain future
of the world’s economies, which has been caused by a
low inflation, low growth and low interest rate environment
favoured today by politicians worldwide.
Millions
of Homeowners will have a potential shortfall.
Millions
of endowment policy mortgages were sold from the period of
the mid-80s to the late 90s using tactics that broke the Rules
of the Regulator. The problem has been made much worse because
the type of endowment available in this period had no guarantee
it would repay the target amount at its maturity, something
that previous generations of endowment policyholders had always
been able to rely upon.
For
further information on Endowment.net Traded Endowments visit
the Endowment.net website.
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