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Payment protection insurance

Watchdog rejects appeal, saying ruling will bring more choice and cheaper rates to payment protection insurance market.

(Source: Guardian.co.uk) 

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Mis-sold a mortgage??

Over the past five years there have been millions of complaints logged about the mis-selling of endowment mortgages in the UK. An endowment mortgage is a mixture of an interest only mortgage and an investment policy. Normally the borrower will pay back the interest on the mortgage throughout the 20/25year term and pay monthly into the endowment policy, which is suppose to pay the mortgage off by the end of the term. However many people were not made aware of the disadvantages to this as the mortgage could fall short.

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