ENDOWMENT COMPENSATION

Did you know that more than 10 million endowment policies were sold as a means of paying off a mortgage? The Financial Services Authority said that about 700,000 people had still done nothing about their endowment shortfall. If the risks associated with your endowment mortgage were not fully explained to you then you probably have a claim.

Claims Financial is a specialist company, set up to help victims of endowment misselling and we know how to win your case.

WHAT IS MY CLAIM?

An Endowment Mortgage is an interest only mortgage where you also pay an additional monthly premium to your endowment provider by way of an ‘investment’. The idea was that the ‘investment’ would increase so that you could pay off your mortgage later on and even have a windfall.

The Financial Services Authority has confirmed that millions of people were mis-sold their endowments. In other words, you were told things about this policy, which were untrue, or the sales person failed to make certain things crystal clear. Many people were told their endowments were guaranteed to pay off their mortgages but these promises have frequently fallen well short.

The argument is that had you known the full facts you probably would not have purchased such a policy in the first place and for this reason you are entitled to claim your financial losses arising out of that poor advice.

HOW MUCH IS MY CLAIM?

As a matter of law your compensation will be calculated by comparing your current financial situation with what it would have been had you received proper advice. For most people this will be calculated as the difference between where you are now financially and where you would have been had you taken out a standard repayment mortgage.

The average claim is about £2300.

AM I TOO LATE?

There are time limits for claiming compensation and any delay by you may result in you being ‘out of time’ and forfeiting your legal right to thousands. Apply today!

OUR SERVICE

• Obtain the correct records (evidence)
• Assess the value of your claim which will also include statutory interest
• Communicate with your endowment provider or their nominated solicitors
• Negotiate the highest possible amount
• Assess the reasonableness of any offers made
• Chase your cheque after the dispute is resolved
• Refer your case to The Financial Services Ombudsman and manage the whole process.

OUR FEES

We are so confident in our ability to help you that we will act for you on a no-win-no-fee basis. Unless we are successful you do not pay a penny!

Our fee is 25% plus VAT of the damages recovered. .

Claims Financial is regulated by the Department of Constitutional Affairs in respect of regulated claims management activities; its registration is recorded on the website www.claimsregulation.gov.uk