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GOVERNMENT FAILING TO ENFORCE ENDOWMENT MORTGAGE COMPLAINTS

July 13, 2009 12:00 AM

MortgagesNick says 'I and other colleagues are concerned over time-barring by financial institutions of endowment mortgage complaints; we further note that in many cases endowment mortgages were mis-sold to consumers in the 1980s and 1990s; also time-barring disadvantages elderly and vulnerable consumers and has excluded them from the benefits of recent research and policy changes; and therefore we are urging the Government to review the Financial Services Authority's policy on time-bars.

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