Was I missold an endowment?

If your endowment is projected to mature and leave you with a shortfall, this is not a reason on which to base your claim for compensation.If the firm defends the sale of your endowment mortgage this will normally be their final response.  You may then send your complaint to The Financial Ombudsman service. This must reach them within six months of the final response from the firm.

You can claim based on the following circumstances.

• you were told the endowment would definitely repay the mortgage or was guaranteed to repay your home loan
• you were not advised of the various repayment options
• you would only be able to get a mortgage if you took out an endowment
• you were advised to surrender an existing endowment to then take out a new one
• your endowment matures later than your mortgage term
• your endowment runs past your normal retirement age

To establish if you qualify – simply complete our endowment claim questionnaire.