investments

Mis Sold Interest Only Mortgages

If you were only paying the interest on your mortgage each month, then the advisor should have made you aware how …

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An endowment mortgage is a mortgage loan arranged on an interest-only basis where the … Toward the end of the 1980s when endowment mortgage selling was at its peak, the anticipated growth … The fact that endowment mortgages were later found to have been systematically mis-sold probably explains this disjunction.

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May 2, 2013 … Mortgage industry braced as claims management firms raise prospect of mis-sold interest-only mortgages.

Jul 20, 2017 … Back in the 1990s, interest-only loans were often sold with endowment …. took out interest-only mortgages gives scope for claims of mis-selling.

Jan 30, 2018 … A 'significant number' of homeowners on interest-only mortgages are at … If you have an endowment, sadly, mis-selling cases are, by and large …

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Read our practical case studies on the complaints we see about interest-only mortgages. … I should never have been sold an interest-only mortgage … Miss E's father later complained that the couple hadn't understood what they were signing …

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