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Talkback

Do you believe the Financial Services Consumer panel&#39s research claiming 50 per cent of mortgage endowments have been missold?

“No. The figure seems way overboard. To say 50 per cent of people did not understand the risks at the time they were sold policies seems very over the top.”

Alan Marshall, Sole trader, Alan Marshall

“No. What have they used as a sample? I don&#39t believe it. How can you have evidence of mis-selling unless the individuals selling the products guaranteed the mortgage would be paid off?”

John Stewart, PMI Independent Financial Adviser

“No. I took out my own 25-year low-cost endowment with GRE in 1975 and it has matured at £28,000. It follows to me 50 per cent seems most definitely on the high side.”

Brian Roberts, Brian Roberts Financial Services

“No I don&#39t. But if you said that 50 per cent of mortgage endowments through tied agents had been missold, thenI would believe it.”

Alan Lofts, Personal Finance Services

“No. It&#39s a load of rubbish. Most of them have been sold properly. When people remortgage, they have to have an endowment or they wont be able to pay it back.”

Roger Turner, Home Financial Consultants

“In my experience, I would not have thought 50 per cent would have been missold.”

Steven Compton, Direct Financial Services

“No. The problem has been an overly complex product which homebuyers could not fully understand. The regulators are far more culpable in this than they have admitted.”

Antony Harrison, A James Financial

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