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RSA/Phoenix Endowment - Keep or Surrrender?
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JohnG wrote:Hi Scoobs,
Yes, it's almost starting to make sense now....
I called Parabas today, who I must say were extremely helpful, and they happened to mention that the Halifax originally bought Security Pacific (They who provided us with a Top Up at very High interest rate) I think in 1992.
All very interesting I'm thinking, having had our main mortgage thru the Halifax and all three endowments were thru SUN ALLIANCE/Royal Sun Alliance/Phoenix etc etc.
Strikes me they were all in bed together to cream off as much money from naive customers like me - it's all been a bit of a nightmare :eek:
Cheers for now
John
Yes I think the same, too much of a coincidence although at the time I was 21, interest rates of 32.9% on credit cards wasnt unheard of and I wanted my own place. Hopefully I will mortage free at 46 at the latest although hoping for 40-42 if my buy to let does well
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