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standard life stick or surrender?
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lom_3
Posts: 1 Newbie
With 3 years left on 2 endowments with standard life I have had figures for surrender one with a final bonus one with MVR.Both leave a total deficit of £20000!Had mis selling denied.Given that it costs £300 to service this endowment a month including mortgage fees should I surrender and pay off £30000 of mortgage which will leave me with just a mortgage of £20000 or stick out for potential final bonus?
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Comments
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you need to look at the mortgage promise value and surrender costs.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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Post some info on the policies
Guaranteed sum assured
Declared bonusesw
Surrender value
Monthly premium
Maturity date
Maturity forecasts
Interest rate payable on mortgageTrying to keep it simple...
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