Problem Endowments

Millions of homeowners took out endowments as a result of poor advice and a lack of understanding of the risks involved in such an investment. Rarely was it made clear that if investment conditions changed then their endowment might only pay off half of the original mortgage.If you had been advised of these facts you would not have chosen the endowment repayment method, as it is too risky.

If you are successful in your claim then the financial loss you have suffered will be paid as compensation. You will still need to consider how the shortfall is to be made up and it is important to review your options. Fortunately, the Financial Services and Markets Act now regulate mortgage advice and only competent, highly qualified individuals are able to advise on such matters.

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Our easy to use form will soon let you know whether we are able to represent your endowment claim.

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Lloyds TSB plc has allocated a further £110 million to compensate endowment policyholders. This is in addition to the £250 million which was set aside to pay compensation in 2003.

Lloyds TSB plc to impose a time bar on endowment policyholders that were mis-sold their policies in order to prevent them from making a claim

Reported in the Daily Telegraph December 2004

Mortgage endowment policyholders are collectively going to face a shortfall estimated at £ 40 billion

The average amount of compensation where a policy has been mis-sold is estimated to be £3,000
Source ABI (The Association of British Insurers) 2006