Recovering your endowment shortfall

Endowment mortgages are now deemed to have been a very bad idea, and endowment complaints are set to rise. It's predicted that nearly 90% of current endowments with many of the major insurers will have shortfalls. If you're one of the 8.5 million people who were sold an endowment mortgage (whether or not it is still in force) we can help.

EMCAS will take on your claim and get the right settlement

We make sure that every client is awarded the maximum they are entitled to under FSA rules.

EMCAS will often take on claims that other claims settlement companies have rejected

Winnable claims are sometimes rejected simply because they are not attractive enough for the claims management company. Rest assured we don't work like that. If you have a valid claim, we will support you in making it.

EMCAS can pursue cases against most financial advisors

This includes independent financial advisors who may or may not still be trading and/or financial advisors who are tied to an organisation. 

EMCAS works hard for you

We ensure endowment claims are dealt with properly. We don't simply claim that your policy has failed to achieve its anticipated growth; our approach is to assess the advice given at the point of sale and question the suitability of the product sold to you.

Red letter day

The first you'll know that your endowment is underperforming is when you receive a 'red letter' telling you that your endowment is unlikely to hit target – and that it you won't make enough money to pay your mortgage off. You may only have three years in which to lodge a claim from the date of this letter. So the sooner you get in touch, the sooner we can get things started.

What's your story?

We deal with many endowment compensation claims every month and every one comes with its own story. We assess each case on its merits; some of you come to us with ISA and PEP linked mortgages; some of you come to us having already cashed in your mis-sold endowment in favour of a repayment mortgage; whatever the circumstances, EMCAS will help you. All you have to do is get in touch.

 

Pension Mortgages

Pension Mortgages work in the same way as an endowment mortgage, except with a pension you use the 25% tax-free lump sum to repay the mortgage on retirement.

They are often unsuitable for most people as it means putting “all your eggs in one basket” and relying on one product for both retirement planning & mortgage repayment.

They are inflexible as they fix mortgage redemption dates to retirement dates which often means stretching the mortgage over an excessive length of time (over 25yrs).

On the whole they have performed worse than endowments – some have up to 80% shortfall* (Source: Times Online 07/03/10).

EMCAS can help you claim on a pension mortgage if...

Your pension is a private/personal pension that is or was attached to a mortgage and even if the pension has been frozen or the mortgage is no longer pension-linked (Occupational pensions, SERPS or AVC’s are not applicable). 

To find out more about pension mortgages click here.