From: "Tumbleweed" 
Newsgroups: uk.finance
Subject: Re: Mortgage Endowment Compensation Offer
Date: Sun, 18 Jul 2004 14:39:32 +0100


"Jack"  wrote in message
news:40fa6efc$0$6449$cc9e4d1f@news-text.dial.pipex.com...
>
> "Ronald Raygun"  wrote in message
> news:EjUJc.1035$TQ6.11178112@news-text.cableinet.net...
> > Jack wrote:
> >
> > >
> > > "Jack"  wrote in message
> > > news:40f6642e$0$6447$cc9e4d1f@news-text.dial.pipex.com...
> > >>
> > >
> > > Ok Here's the figures and my rationale.
>
> 
>
> > > So to place me in the same position I should have to pay a maximum of
> > > £288.16 for the remaining years and preferably £275.40.
> >
> > No.  That is not what's meant by placing you in the same position.
> > What it means is that if you had been on RM from the start, then
> > there is a certain figure which emerges from the fancy calculation,
> > which gives you a result along the lines of (1) above, i.e. how much
> > would you have paid off.  If you would have paid off £17900, then
> > that's what you should get to put you in the same position.
>
> Thanks for your comments.
> My point is I disagree that their idea of "placing you in the same
position"
> is corrrect. I see it to be what I suggest, that is the same outgoings
from
> now to the end of term.

But had you taken out a repayment, you wouldnt be paying the same outgoings
as an endowment would you? You'd be paying more. If you want to be in the
same position as if you took out a repayment you cant reasonably complain if
they then put you in that position!

> I repeat my OP, has any one had *any* success on this front?
>

That front would be the 'have your cake and eat it' front I take it?

-- 
Tumbleweed

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