my complaint that I have been mis-sold an endowment mortgage. My contention is that the company have produced a document I have not previously seen illustrating the possibility of negative equity on maturity, which is different from the original I have on file. Now this clearly fraudulent misrepresentation which I have challenged the company on who deny such practice was going on to secure business. I cannot divulge the companies name other than to say they based in Hertfordshire. They have offered me a return of premiums paid plus a derisory level of interest to close the policy as I am some 22 years into the 25 year policy and some £6k on the value and £17k short on projection.
Anyone had the same experience of fraudulent misrepresentation
2007-05-30 12:43:39 · 2 answers · asked by Anonymous in Business & Finance ➔ Other - Business & Finance
I suggest you speak to your Solicitor (or failing that, check on-line with sites such as 'Money Saving Expert' - link below)
You may have very limited time left to make a claim - essentially the time starts when you first become aware of the possibility of a shortfall - this is usually taken as the date they sent you a 'red warning' , however it is hard to believe that ANYONE is now unaware of the Endowment miss-selling scandal ...
2007-05-30 19:36:46 · answer #1 · answered by Steve B 7 · 0⤊ 0⤋
Hi,check out www.omdusman-policies.co.uk they will help you.If you can not get on there site type in yahoo search endowment ombudsman.It sounds to me has if you have a good case for mis-selling.Good Luck
2007-05-31 05:58:45 · answer #2 · answered by Ollie 7 · 0⤊ 0⤋