Bad financial advice a lot were given I think.
as if an endowment would continue to grow at 8% a year or something for 25-30 yrs in the boom/bust cycle economy Britain has.
"Look, you can pay less and it will magically turn into more without you doing anything".
(localboy purveyor of pisspoor puns, Thu 2 May 2013, 8:29, 1 reply, 12 years ago)

when the endowments were sold
That sort of return, judging by short term returns, were feasible. Misselling has nothing to do with investment performance. Also, the current report says that a hefty proportion of those borrowers have no repayment vehicle in place. It also doesn't state how many of those mortgages were non-advised, or advised by a bank. Bank advice is laughable.
(dozers, do fuck off ur a nob m8, Thu 2 May 2013, 8:34, Reply)