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 Mortgage shortfall
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Robert.ms
Starting Member



1 Posts

Posted - 14 May 2012 :  16:37:09  Show Profile  Visit Robert.ms's Homepage  Reply with Quote
I bought a house and was told I would have to take an endowment mortgage. We started getting letters in 2003 warning of a shortfall (it is a Scotish Endowment Company).
There was a shortfall and the mortgage company are saying that they will pay out £39,700 (but the target was £59,500). I want to go after the company on a no win no fee basis. Any advise please ?

RHB
Senior Member

1159 Posts

Posted - 16 May 2012 :  16:35:56  Show Profile  Reply with Quote
Don't see how you can if you started getting letters warning you of a shortfall 9 years ago!!! We got that & switched to a repayment mortgae.
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