From: googlefinance@onnward.net (Ashley)
Newsgroups: uk.finance
Subject: Re: Endowment complaint - should I re-submit figures?
Date: 18 Mar 2005 06:31:56 -0800

No, the original figure I submitted were all correct. The endowment
company didn't bother reading my submission properly and therefore
made mistakes in their calculations.

I have been give a choice as to accept their compensation offer based
on thier bad calculations or I can make them do it again properly.

If I get them to re-calculate, my new compensation offer may come out
better, worse or the same. I'm trying to find someone who knows about
these calculations who can advise.

Should I take the momey & run? (I've pointed out their mistake and
they're happy for the original offer to stand) or do I get hem to
recalculate the figures properly this time?

Put another way, if I had two identical mortgages (one repayment one
endowment) and I paid the same lump sum off each. Which type of
mortgage would have the lower reultant balance??