Had an endowment policy complaint upheld and I have received a compensation letter and a breakdown of how the figures were obtained.
They have made a mistake and put me down as paying £400 a month for 21 months when I was really paying £500 a month (a £2,100 difference). I only have a small mortgage meaning I'm overpaying my mortgage by approx £440 a month.
I have spoke to the company concerned and they said that I can either accept their original offer or they will recalculate their offer based on the new figures. Not sure if the new repayment figure will make my compensation offer better, worse, or the same.
Should I accept the original offer or should I get them to re-calculate?
Any help from anyone who knows how these calculations work would be much appreciated.