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Endowments, take money and run?

chas347
chas347 Posts: 1 Newbie
in Mortgages & endowments
Hi, Ive got 3 Standard life endowments, first matures sep 2010 and is £7000 short of total (£25k). paying £35 per month. Mortgage finishes 2010 also on no tie in. do i cash in endowment now and pay off mortgage? forecast is only £300 more on bonus. Other 2 endowments are smaller maturing 2013 and 2015 performing just as bad..

Comments

  • dunstonh
    dunstonh Posts: 121,055 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    What is the mortgage promise value on the Std life endowment? They dont include this in the projections.
    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
    Post some info

    Guaranteed sum assured
    Declared bonuses
    Surrender value
    Monthly premium
    Maturity date
    Maturity forecast
    Moretgage promise value
    Interest rate payable on mortgage
    Trying to keep it simple...;)
  • theartfullodger
    theartfullodger Posts: 15,950 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Take coin.

    Decide that "heads" equals "cash in", tails equals "hold on".

    Toss coin... take recommended action...

    You are asking what the endowment companies will do with the payouts over the coming period... answer: F K...
This discussion has been closed.
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