The Endowment Diary

The Endowment Diary

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The Endowment Mis-selling Debacle - one of the UK's worst financial scandals

Thursday, July 28, 2005

Mortgage Advisory Centre In Liquidation

Mortgage Advisory Centre In Liquidation

Mortgage Advisory Centre, based in Edinburgh, run by Robert McGrail, a businessman and shareholder in Hearts football club, has reportedly gone into liquidation.

The Financial Services Authority is expected to issue a statement about the firm, within the next few days. It is unclear how many customers have complained about endowment mortgages sold by the company.

Mr McGrail is reported to control the independent broker First Mortgage Direct.

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