The endowment company was bound to tell your dad that the maturity sum would not cover the mortgage. We have been getting ,eventually, red warnings that it would not in our case. We took this up withAbbey, the seller of the endowment and gort a few thou to help and have been paying off the capital.

Ther eseems two issues here 1. that your dad may have been missold the mortgage. If this is the case then the seller is liable to compensate you. There is a time limit on this but since you did not know of this problem then that would not apply 2. The insurance company who issued the policy are required to inform you that there is a risk of not meeting the mortgage. This advice eshould have been comiung your way for the past 5 to 10 years. You need to immediately contact these two outfits with your different but related complaints.. and if you do not get any reply then contact the Ombudsman

These guys who take up these cases would love you and your dad as this seems terrible, especially that the insuranc eco was not informing your dad, I find that difficult to believe.If what youn say is right these guys would go through them like a dose of salts. The guys who sold these policies were a load of crooks. It seems that you may be running out of time so it may be necessary to employ one of these legal vultures. Good luck

Hi, my father in law (to be) thought he'd paid off all his mortgage and then got a nasty suprise, his endowment has paid out £40k less than stated, he needs £20k of that to pay the rest of the mortgage off, the man who sold him the endowment policy has never been in touch to say it was going to fall short, and he promised him it would pay out more than the mortgage amount.

He's now worried that too much time is passing by and he's thinking of just taking half the money he was ment to get and taking another mortgage, which I think is wrong, he should'nt have to.

My first question is How easy is it to go to these No Win No Fee companys to get the money back he needs? he's already wrote to the endowment company and they've said there is nothing they can do, apart from have another mortgage for £20k!

And my second question is, he was going to release equity on one of these retirement schemes where you dont make any monthly repayments, to help us out with a deposit for our first house, can he still do this with a mortgage in place, he's now 66 years old.

Thanks