Endowment Victims Face Claim Cut-Off

Summary


TIME is running out to claim compensation if you were mis-sold a mortgage, following Standard Life's revelation that 428,000 homebuyers will be timebarred by the end of the year.

Millions of mortgage borrowers face shortfalls on their home loans at maturity if they miss the looming deadlines for seeking redress. The Prudential is now the only company in Britain which has not introduced deadlines after which mis-selling complaints will be outlawed.

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Extract


Endowment Victims Face Claim Cut-Off

Nationwide Building Society became the latest major institution to come clean over endowments when it last week admitted that policyholders who bought contracts via their branches are being timebarred.

Along with Legal & General and the Prudential it had consistently pledged not to impose ...

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