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Endowment surrender offer help
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snowwolf
Posts: 17 Forumite
I have been offered £13,549.00 to surrender my endowment on my house by (surrender link) the endowment has been running since 26th March 1986
Current value is £12,540
min pay out at maturity is £16,583 (pay out date) 27th March 2011
Standard life is the mortgage company it should have made £26,800 so have a shortfall of about £10,000 because it was before a certain date that I took out the policy, I have had no luck in getting a mis sold endowment compensation, which is really annoying because I WAS miss sold the endowment.
What I want to know is, would it be better to sell the policy or just keep paying into it for another 5 years till maturity.....regards Mick.
Current value is £12,540
min pay out at maturity is £16,583 (pay out date) 27th March 2011
Standard life is the mortgage company it should have made £26,800 so have a shortfall of about £10,000 because it was before a certain date that I took out the policy, I have had no luck in getting a mis sold endowment compensation, which is really annoying because I WAS miss sold the endowment.
What I want to know is, would it be better to sell the policy or just keep paying into it for another 5 years till maturity.....regards Mick.
0
Comments
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SL bonus rates will be announced in the next week so it may give a better indication of what it happening with the SL WP plan for the future.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.0
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Thanks for the reply MMM :-) I will wait.0
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