The Mudcat Café TM
Thread #114535   Message #2445072
Posted By: Jean(eanjay)
19-Sep-08 - 11:15 AM
Thread Name: BS: 125%Mortgage/negative equity difference?
Subject: RE: BS: 125%Mortgage/negative equity difference?
We have 2 endowments (as described by The Villan). The first is on track but there will be a shortfall with the second. We applied for compensation for the second one a few years ago, it was initially refused but we pursued it and did get compensation. We have actually paid that mortgage off now so when that endowment matures we will have a lump sum - not what we had hoped for but better than nothing at all.