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Endoment to pay of mortgage

lady12345_2
lady12345_2 Posts: 3 Newbie
in Mortgages & endowments
I have two endowments one will be due in 3 years and the other in 5 years. As you know there will be a shortfall. Would it be worthwhile cashing them in and paying a large lump sum to my mortgage or leave them to come to full term before paying them toward mortgage taking into account current economic climate

Comments

  • Robert_Sterling_3
    Robert_Sterling_3 Posts: 7,112 Forumite
    Your call.
    Nobody can know the answer to your question.
    It depends what happens in the future.
    ...............................I have put my clock back....... Kcolc ym
  • EdInvestor
    EdInvestor Posts: 15,749 Forumite
    Post some info about them

    Provider
    Guaranteed sum assured
    Declared bonues
    Surrender value
    Monthly premium
    Maturity date
    Maturity forecasts
    Interest rate payable on mortgage
    Trying to keep it simple...;)
  • lady12345_2
    lady12345_2 Posts: 3 Newbie
    Have to go to company to request this info and will get back to u
  • maninthestreet
    maninthestreet Posts: 16,127 Forumite
    Part of the Furniture
    lady12345 wrote: »
    Have to go to company to request this info and will get back to u

    This information, other than the mortage interest rate, should be on your latest annual statement for each endowment.
    "You were only supposed to blow the bl**dy doors off!!"
  • EdInvestor
    EdInvestor Posts: 15,749 Forumite
    Updated surrender values and maturity projections are required.
    Trying to keep it simple...;)
This discussion has been closed.
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