My endowment is going to fall short on the amount I have to repay. I made a complaint to standard life and they have come back with compensation of £3000. This is the difference between what my policy is worth and how much I would have paid off had I taken out a repayment mortgage. Is this a reasonable offer or should I try to go further, if so how do I do this.
2007-01-11 02:50:25 · 4 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
Sounds like a good offer, pay this off your mortgage and reduce your monthly payments or pay it off your mortgage and it will be paid off a little earlier and keep your payments the same. Check your paperwork though to see if you are only permitted a certain % in lump sum payments off your mortgage balance per annum.
2007-01-11 03:29:49 · answer #1 · answered by RUTH M 3 · 0⤊ 0⤋
To me that sounds reasonable. I dont think you should be gready about it, and as long as you are not out of pocket take what they are offering.
2007-01-11 10:53:18 · answer #2 · answered by OriginalBubble 6 · 0⤊ 0⤋
That's more than i got, take it and be grateful, if you appeal then the ombudsman may award you less
2007-01-11 12:00:24 · answer #3 · answered by Anonymous · 0⤊ 0⤋
sounds OK. as long as you break even i think that is all you can expect nowadays
2007-01-15 10:40:44 · answer #4 · answered by Anonymous · 0⤊ 0⤋