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Huntswood launches a mortgage endowment compensation calculator

Huntswood Outsourcing is launching an endowment compensation calculator which it says will reduce the cost implication to the industry by over 90 per cent.

Huntswood says the calculator will reduce the cost on average per case by 2.

With the number of mortgage endowment complaints forecast to exceed 200,000, the cost of calculating the compensation can be huge.

Huntswood chief executive David Brownlow says: “Reducing the costs of calculations will be a significant benefit to all those in the industry faced with the current levels of mortgage endowment complaints.”

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