2006-06-21 04:14:33 · 4 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
You need to contact the provider of the Endownment policy and ask for up to date figures on your policy, along with conservative estimations as to future performance.
Some of these companies have set deadlines for complaints and compensation, you should call them immediately and register your claim for compensation if you feel you were miss-sold the policy.
If you were not miss-sold the policy, you need to think about how you will make up the shortfall. It may be best to change some of your mortgage to repayment, leaving the part that will be paid by the endownment on interest only.
Or you could save seperately into an ISA.
But I would not bother topping up your endownment policy, as why throw good money after bad?
2006-06-21 19:29:14 · answer #1 · answered by Anonymous · 1⤊ 0⤋
Contact your mortgage company.
You need to do something about stepping up repayments, in order to offset the shortfall.
2006-06-21 11:58:37 · answer #2 · answered by emeraldisle2222 5 · 0⤊ 0⤋
you contact whoever sold you the mortgage,your bank etc,and ask for an official complaints form which they are bound by law to give you,failing satisfaction the ombudsman.i know this because my friend did it successfully. hope this is helpful
2006-06-21 11:21:20 · answer #3 · answered by gruffle 3 · 0⤊ 0⤋
my advice is get in touch with a mortgage Advisor.free advice here's a number 0800 083 9940
2006-06-21 11:27:53 · answer #4 · answered by BLACKY 4 · 0⤊ 0⤋