Press Release Summary = As per a report, there has been seen a downfall in the cases of mortgage endowments. This has been made possible by proper settlement of disputes with the help of related authorities. New trend shows a remarkable downfall by 18 percent over the last year. But, on the other hand banking and insurance related complaints have gone up.
Press Release Body = London (bad-credit-mortgage-choice) July 6, 2006: According to The Financial Ombudsman Service (FOS), the mortgage endowment complaints have fallen low and most of them were settled last year. As per its published annual review for 2005/2006, it had settled around 69,149 mortgage endowment complaints, which is a remarkable feat.
Chief Ombudsman Walter Merricks said: \"We appear at last to be seeing some signs of a levelling-off of the exceptionally high volumes of mortgage endowment complaints that have dominated our workload in recent years. Second, we succeeded during the year in settling a record number of disputes - a third more than in the previous year and more than double the number resolved three years ago.\"
A sheer fall in complaints about investments is a very good sign, but there are other areas of concern as complaints about banking and insurance have climbed up by 31 percent and 25 percent respectively. Last year, FOS sorted out a total of 119,432 financial disputes in specific period of time which is 31 percent higher than what they did earlier in a year. Well, half of the disputes settled were related to UK's largest financial service groups.
For additional information on the news that is the subject of this release (or for a sample, copy or demo), contact Webmaster or visit www.bad-credit-mortgage-choice.co.uk
Web Site = http://www.bad-credit-mortgage-choice.co.uk
Contact Details = 11 Parade House, 135 The Parade, High Street, Wat Ford, Hertfordshire,WD171NA Ph: 0800 097 3654 Fax:845 890 9008
2022
