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Posts: 1 Newbie
Hi Can somebody give me some advice?
I have an Endowment policy with Standard Life.
It was taken out over 25 years and has 7 years left to run
It has a predicted shotfall of £24,000 a current levels of growth
I pay £64.70 per month into it
We currently owe £57,000 on the mortgage with seven years left to run
What options do I have?
Would it be better to sell the Endowment and remortgage whats left on a repayment basis?
The Endowment is an Early Maturity with profits policy if this makes any difference
Hope somebody can give me some advice
Many thanks
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I have an Endowment policy with Standard Life.
It was taken out over 25 years and has 7 years left to run
It has a predicted shotfall of £24,000 a current levels of growth
I pay £64.70 per month into it
We currently owe £57,000 on the mortgage with seven years left to run
What options do I have?
Would it be better to sell the Endowment and remortgage whats left on a repayment basis?
The Endowment is an Early Maturity with profits policy if this makes any difference
Hope somebody can give me some advice
Many thanks
Border
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