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£17,000 Compensation for Mis-sold Investment – Mrs R’s Mortgage Shortfall

Background: Mortgage Repayment Plan Jeopardised

Mrs R needed to safeguard her savings to cover a £50,000 mortgage shortfall after her endowment policy underperformed. She was unwilling to jeopardise these savings as she was unable to work due to being the sole carer for her elderly mother and terminally ill husband.

Adviser Recommends Unsuitable Investment

The adviser recorded Mrs R as a low-risk investor but recommended a medium-to-high-risk investment heavily weighted in equities and commercial property. Being inexperienced in the field of investments, she trusted the advice and recommendations of the adviser.

Mrs R was unaware of the potential consequences of a high level (approximately 50%) of the investment being weighted in equities and commercial property and accepted the adviser’s recommendation to invest in the Fund.

Rapid Loss Prompts Withdrawal

Within three months, her £50,000 investment dropped to £36,182.52. She exited the fund with only £35,298.14.

Damages Awarded Following Claim

We secured compensation of £17,590.59 for Mrs R, who was relieved and pleased with the outcome.

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