Back in the old-days there was a huge debate whether people should go for a repayment mortgage or an endowment policy. There were not that many differences except that an endowment policy was actually gambling with part of your money. That has led to people receiving far less money at the end date then expected. The fact that there was no, or hardly any, information made available about the risks and the possibility of a lower amount to be received at the end date made these policies officially stated by the financial regulator as “miss sold”. To get your PPI claims started, give our team a call now on 0800 031 6078 or if you prefer, fill out the quick and easy form and we’ll get back to you with a compensation quote.
As most of the policies involved had clearly been miss represented the financial regulator has ruled that customers should receive some money in return. These so called endowment claims are being handled by the financial ombudsman if customers do not get a timely response form their insurance company. the time limit for this is roughly 60 working days, which works out to around 80 calendar days. After this period customers are advised to contact the financial ombudsman. If you have send the letter stating that you would like to make an endowment claim there is nothing more you can do then wait. If you do not receive a letter stating receipt or resolution you should not hesitate and contact the financial ombudsman who will contact the financial institution. If you’re ready to get your unfair PPI payments back, you can visit www.PPIClaimsUK.co.uk or call our specialist team on 0800 031 6078 to get your claim started.