Endowment / Pension mortgages
Using the FSA RU89 and the FOS November 2005 guidance as a basis of calculations, the system can handle redress for endowment, pension and ISA linked mortgages.
Items that can be included in calculations include:
- changes in mortgage lender
- capital reductions
- fixed, discount, tracker, cap / collar interest rates
- missed, over / under payments
- offset parameters
- low start endowments
- DTA payments with inbuilt calculator based on FOS tables
- surrender / current policy value
- increase in mortgage amount
- change to mortgage term
- monthly, quarterly, annual premiums
- split loan for different rates / terms
- low start mortgage
- mortgage claw-back
This comprehensive list allow for accurate processing of the most difficult of cases and each case can calculate redress based on up to 10 calculations with 25 lender changes in each calculation.
Exasoft Plc provide systems to calculate redress for PPI, Investments, Mortgage endowments / pensions and under-funding. In addition, we provide tools to aid in the sale of mortgages & savings products and systems for the education sector. Exasoft Plc is not regulated and therefore unable to give financial advice.