Although many have been disheartened by the performance of the endowment mortgages, experts are cautioning that dumping them may not be a good idea. Although companies have been reporting gains in the funds that benefit endowment mortgages, the amount of return on these loans has steadily declined over the past few years. However, that trend […]
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Experts: Don’t Get Rid of Endowment Mortgages Yet
Posted on April 2nd, 2008 by Bright Light
Endowment Mortgage Ripoffs Revealed
Posted on April 2nd, 2008 by Bright Light
Recent investigations have revealed that those with endowment mortgages and other investments may have been ripped off for more than 8 million pounds over the last few years. Apparently, the funds themselves have made more than enough money, but these rewards have not been reaching the millions who took out the investments and endowment mortgages. […]
FOS Calls On Consumers to Be Compensated For Misadvice
Posted on April 2nd, 2008 by Bright Light
The Financial Ombudsman Service announced today that it believes that consumers who were misled on the returns they should expect from their endowment mortgages should be compensated. There has been a large drop on returns for endowment mortgages, and many who rely on this income have been left high and dry.
“We can and do make […]
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