Thursday, Aug 14, 2008
Better odds on a lotto jackpot than your endowments will break even!
Mortgage Introducer: Most endowments mis-sold
Fairinvestment.co.uk has discovered that 87 per cent of Brits with an endowment policy believe that it was sold under false pretences. * One of Thatcher's many legacies!
Posted by whostolemyendowment @ 09:43 AM (233 views) Add Comment
1 Comment
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1. jack c said...
One thing that is constantly overlooked on this subject is the fact that the lenders benefited from the borrower having an interest only mortgage - much more profitable for the lender if you think about it - no wonder they went through a period where they encouraged people to switch from repayment to IO.