Endowment Claims

If you were one of the 8.5 million people* who were sold an endowment mortgage you may be entitled to claim for compensation. It is predicted that 8 out of 10* endowment policies are unlikely to pay off the mortgages they were taken out to cover. Even if your policy has been sold, replaced or surrendered you still could be eligible to make a claim.

EMCAS will always endeavour to maximise the amount we recover for you

We make sure that every client is awarded the maximum that they are entitled to under FSA rules.

EMCAS will often pursue claims that have been rejected by other companies

Claims which may be successful are sometimes rejected on the basis that they are simply not 'attractive' enough for the claims management company to pursue. We don’t work like that, if we think you have a valid claim we will work hard to get it resolved successfully.

EMCAS can pursue cases against most financial advisors

This includes independent financial advisors who may or may not still be trading and/or financial advisors who are tied to an organisation.

EMCAS works hard for you

We ensure endowment claims are dealt with properly. We don't simply claim that your policy has failed to achieve its anticipated growth; our approach is to assess the advice given at the point of sale and question the suitability of the product sold to you.

Red letter day

The first indication that you will have that your endowment is under performing is when you receive a ‘red letter’ stating that your endowment is unlikely to hit target and that it will not make enough money to pay off your mortgage. You will only have a certain amount of time to pursue a claim once you have received this letter. So you must take action as a matter of urgency. The sooner you get in touch, the sooner we can get your claim started.

What's your story?

We deal with many endowment compensation claims each month, each with their own story. We assess each case on its own merits: we deal with complaints regarding Pension Mortgages, ISA and PEP linked mortgages; complaints about policies which have been cashed in, sold or surrendered. Whatever the circumstance if we can help, we will. All you need to do is get in touch.

Why choose EMCAS to manage your mis-sold endowment claim?

• We manage every aspect of your claim and keep you updated every step of the way
• We will work to get you the maximum award applicable to your case
• See what some of our customers said about their mis-sold endowment claim

EMCAS can also help you with a claim regarding a Pension Mortgage

Pensions have been one of the hardest hit financial products during the financial downturn, subsequently so have Pension Mortgages, with some facing up to an 80% shortfall!**

Pension Mortgages work in the same way as an endowment mortgage, except with a pension you can take 25% of the fund value as a tax-free lump sum on retirement and use that to repay the mortgage loan.

Pension Mortgages are often unsuitable for most people as it effectively equates to ‘putting all your eggs in one basket’ as you are reliant of the performance of one product for both retirement planning and mortgage repayment. Few people were told about the risks of shortfall or that there were other safer alternatives available.

Pension Mortgages are also inflexible as it means fixing your mortgage redemption date to your retirement date, thereby extending the mortgage over an excessive length of time (more than 25 years) and dramatically increasing the amount paid in mortgage interest.

EMCAS can help you pursue a complaint regarding a Pension Mortgage if.....

Your pension is a private/personal pension that is or was attached to a mortgage, even is your pension has been frozen or the mortgage is no longer pension-linked.

We cannot help if it was an occupational/works pension, or if it was only ever used for retirement planning and was never attached to a mortgage. We do not pursue claims regarding the poor performance of pensions that were never mortgage-linked, or for SERPS only policies.

If you have ever had an endowment mortgage get in touch with us and we can establish whether or not you could be entitled to compensation.

If you have any questions regarding mis-sold endowments please visit our 'Frequently Asked Questions' section.