Yes! A deed of total transfer would have to be made or you will be given a Power of Attorney over the policy, but the policy would still carry the same terms and will still be on the life of your friend. The only thing that will change is that from the date of the transfer, you will be liable for t
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ow, an endowment mortgage is a loan that you can get on what is called the "interest-only" basis. This is when the borrower is planning to pay with one or more endowment policies. An endowment mortgage is mostly used in the United Kingdom by consumers and also the lender. They don't tend to
I hadn't a clue how to go about claiming for a mis-sold endowment policy, so I went with a "No win/no fee", company I saw advertised.
I thought I'd been given to understand they took 50% of any compensation over what was needed to clear the shortfall.
They took 3 yrs and some prompting t