To cash an endowment and pay off mortgage - or not?

el_tel_6

Hi new to this - but need to know I'm not wide off the mark!

My FP endowment is now red alert, supposed to get to 70k but projected to be 44k at 4% estimate.
My FR mortgage to sept 2011 is at 5.29%
If I pay the surrender value off the mortgage (£17k) and overpay the £115 pm also off the interest only mortgage (plus a bit more while I can) its got to be a better bet than hoping the muppets at FP will do a better job than they have? even if I need life assurance to cover the same value, quoted at £10 pm

I'm outside the appeal time for misselling, after broker rejected the claim, but will have a go anyway as its now changed to Red alert.

Have I missed something?

el_tel_6

any advice for a newbie ?

EdInvestor

Looks like a good strategy to me.