Moved to offset account

 

Ms M J Cooke

 

22nd April 2010

 

Dear Sir/Madam

 

Based on the advice from my financial adviser, I took out an endowment plan to support my mortgage. The advisor strongly recommended that I take out an endowment mortgage over my choice of repayment.  I did and still do consider that I was given bad advice.

 

My mortgage was taken out with the Halifax however, on 15th March 2002 I changed lenders. My lender was altered to IF - the type of mortgage being a flexible/offset loan. My details are as follows;

 

Loan - Halifax

£43,250

Completion Date

08/06/90 to 15/03/02

Term of Advance

25 years

First Payment made                  

01/07/90

Capped Rate of 13.75%

For 5 years commencing 08/06/90

 

 

EAS -   Barclays Life

Policy No: L2345

            Premium

£69.15 pm Commenced 08/06/90 for 25 years

 

 

Surrender Value

£21,988 @ 22/04/10

 

I look forward to receiving your reply, advising me of how to take this forward.

 

Yours faithfully

 

Ms M J Cooke

 

Some research via the endowment supplier and bank verify the details are correct. Ms Cooke has provided details confirming that she had no dependants at the time she took out the endowment plan and that she had sufficient life cover from death in service.

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Endowment Cases
Initial Entry Screens
Main Adjustment Set
Endowment Adjustment Set
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