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Dear sir/ madam
This is a briefsummary of my predicament. Early in 1988i was diagnosed with a chronic illness multiple sclerosis. Following aconversation with my neurologistregarding my future it did not lookpromising with me working in construction . Me and my wife had to re-evaluate our situation. Our primary concern was to ensure our mortgage would bepaid off while i was still capable of earning. This meant applying for arepayment mortgage to have the mortgage paid off at retirement a repaymentmortgage was the only logical choice we had. At the time of or applying i wason incapacity benefit as the M.S. waspartially affecting my mobility.
An acquaintance of ours a trusted and regulated financial advisorsuggested we contact the assurancecompany regarding the endowment as theyusually have waiver of premiums in cases of chronic illness. To our dismay wediscovered that this facility wasn’t taken out, as i was pre diagnosed with achronic illness. The building society and all parties concerned were aware of this.But it did not prevent them from referring my application to a non-regulatedfinancial advisor acting for the buildingsociety by individuals working for the societywho by the way ceased selling endowments linked mortgages in march 1988. This wasthe only possible source the advisor could have accessed the application. As theendowment providers only issue policies upon request. We had done everythingthat was possible to avoid the dilemma the society has put us in with their deceit.Nowwe are both retired and facing remortgaging yet again. We have complainedbut all i get is gbecause it was not a memberof their staff who sold thispolicy it`s not their problem
This is a briefsummary of my predicament. Early in 1988i was diagnosed with a chronic illness multiple sclerosis. Following aconversation with my neurologistregarding my future it did not lookpromising with me working in construction . Me and my wife had to re-evaluate our situation. Our primary concern was to ensure our mortgage would bepaid off while i was still capable of earning. This meant applying for arepayment mortgage to have the mortgage paid off at retirement a repaymentmortgage was the only logical choice we had. At the time of or applying i wason incapacity benefit as the M.S. waspartially affecting my mobility.
An acquaintance of ours a trusted and regulated financial advisorsuggested we contact the assurancecompany regarding the endowment as theyusually have waiver of premiums in cases of chronic illness. To our dismay wediscovered that this facility wasn’t taken out, as i was pre diagnosed with achronic illness. The building society and all parties concerned were aware of this.But it did not prevent them from referring my application to a non-regulatedfinancial advisor acting for the buildingsociety by individuals working for the societywho by the way ceased selling endowments linked mortgages in march 1988. This wasthe only possible source the advisor could have accessed the application. As theendowment providers only issue policies upon request. We had done everythingthat was possible to avoid the dilemma the society has put us in with their deceit.Nowwe are both retired and facing remortgaging yet again. We have complainedbut all i get is gbecause it was not a memberof their staff who sold thispolicy it`s not their problem
