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When this practice made his appearance on the financial markets it seemed a viable solution to finance mortgage loans and had optimistic perspectives, but the changing economic factors soon revealed it as doing more harm than good. To combat financial drama’s among borrowers in the UK, authorities then obliged financial institutions to inform customers about the maturity value of their endowment policy, assuming standard growth rates.

These re-projection letters caused a massive increase of complaints concerning misleading selling tactics. Many savers got anxious about not being able to repay their mortgage as the company letters revealed ‘predicted shortcomings’ exceeding sometimes many thousands of pounds.

In fact these shortcomings are not ‘illegal’ in any way, because they relate to a long term investment associated with risk, but the manner in which the policy was sold can be deemed misleading. Factors such as risk aversion and former investments of the customer play an important role as well to asses the validity of the mortgage claim. If the claim is valid, the endowment should have never been sold to you. Customers can then be reimbursed the loss they suffered, compared to what the cost of an ordinary repayment loan would have been.

So how do you find out if any mistakes have been made? Contracts may seem Chinese to you and how in the name could you prove dirty selling tactics yourself? Many companies both off- and online have specialized in solving these matters for you and have the know-how to investigate your claim. The same service is also freely organized by the government.

It’s an easy process, all you have to do is providing your policy and the needed paperwork to start an investigation. In case of loss of important documents these companies can also contact your financial institution immediately to arrange for them.