From: Phil Deane 
Newsgroups: uk.finance
Subject: Re: Mis-sold endowment Y/N?
Date: Thu, 16 Oct 2003 21:58:00 +0100

Tim wrote:

> "Phil Deane" wrote
>> With Interest Only it was not compulsory to have a repayment vehicle,
>> therefore it was not taken into account on affordability.
>>
>> So on Interest Only you could borrow much more than you could on Cap+Int.
> 
> But in that case, was the customer *forced* to take out an Endowment as
> well as the IO mortgage, like the poster here??

No.

Was the OP forced or strongly advised?

-- 

Phil Deane
http://www.MiracleExpress.force9.co.uk