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endowments

sally29
sally29 Posts: 48 Forumite
in Mortgages & endowments
hi

can anyone help with this question. our endowment is due to finish in Aug. and i was wondering when we will be told what its worth. ( i think we will need to re mortgage as it will be short ) the policy is with CIS Ltd.

thanks
Sally

Comments

  • sheslookinhot
    sheslookinhot Posts: 2,314 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    sally29 wrote: »
    hi

    can anyone help with this question. our endowment is due to finish in Aug. and i was wondering when we will be told what its worth. ( i think we will need to re mortgage as it will be short ) the policy is with CIS Ltd.

    thanks

    Sally

    Normally 4 weeks. You can phone them and ask though.
    Mortgage free
    Vocational freedom has arrived
  • dunstonh
    dunstonh Posts: 120,009 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    It has a daily value so whatever you are told will be an estimate. Although typically it is 4-12 weeks before where you are given a guide.
    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.
  • EdInvestor
    EdInvestor Posts: 15,749 Forumite
    You can ring up for a surrender value now.Might be worth considering cashing it in now as payouts are falling at present.
    Trying to keep it simple...;)
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