Here I present a public record of my progress (or lack of it) in claiming financial redress for the mis-selling of two endowment policies.
I will also keep you up to date with the latest developments in the endowment mortgage mis-selling scandal.
During the eighties, endowment mortgages were the popular method of financing a mortgage. Some 8 million people in the
UK now own an endowment policy. It is expected that the majority of these policies will fail to pay off the mortgage debt.
The latest estimate is that there will be a £40BN shortfall. However, I suspect that this will top £100BN.
The endowment policy mis-selling scandal is one of the worst
financial scandals to hit the UK.
Endowment policy holders, and home owners, are going to end up paying
the price for the mis-selling of these products by the "professionals".