Redress Manager calculates redress for endowment and ISA linked mortgages using the FSA RU89 and the FOS November 2005 guidance as the basis of calculations.

 

Some examples of endowment mortgage calculations have been included and they are:

 

    ■    One Lender

    ■    One Lender with Further Advance

    ■    One Lender, Two Policies

    ■    Three Lenders

    ■    Five Lenders

    ■    Two Lenders, Deferred Interest

    ■    One Lender, Split Loan – Part Repayment, Part Interest Only

    ■    One Lender, Moved to Offset Account

    ■    One Lender, Sold into Retirement

Related Topics

Endowment Scenario 1
Endowment Scenario 2
Endowment Scenario 3
Endowment Scenario 4
Endowment Scenario 5
Endowment Scenario 6
Endowment Scenario 7
Endowment Scenario 8
Endowment Scenario 9