Hello,(posted 7827 days ago)Not necessarily 'wasduped'.
Depends if the lender has/had the origonal policy document assigned to the mortgage (not all policies are assigned).
If your endowment paperwork/policy has 'This is a copy' printed on it's face then they have the origonal and should have used the surrender proceeds to reduce the outstanding amount 'allegedly' owing.
If you think you have the origonal document/policy, or even if you have not got the documents it's still worth writing to the endowment company. If the policy is not assigned and there is a surrender value then they owe you money. Alternatively, you could at least find out from them details of what the lender did with the proceeds, you never know what you may rake up.
Good luck
Stephen