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scottish friendly

http://www.scottishfriendly.co.uk/affiliate/scottish-bond.html

£50 cashback through quidco and £15 Voucher after opening. Worth a gamble?
Mortgage Start jun 2007 £88500 Outstanding Balance £51000
Overpayments 2007 Nil 2008 £1040 2009 £7853 2010 £10000 2011 aiming for £18000 (6k so far)
The Early Bird Gets the Worm, but the Second Mouse Gets the Cheese!!

Comments

  • bristolleedsfan
    bristolleedsfan Posts: 12,680 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 19 March 2010 at 8:10PM
    http://www.scottishfriendly.co.uk/affiliate/scottish-bond.html

    £50 cashback through quidco and £15 Voucher after opening. Worth a gamble?


    Yes,7-11 Months or so ago when the Cashback was 95.00 + 15.00 vouchers and paid sooner than it is stated to pay now.;) The policy itself is widely regarded as poor value.

    Around August time some of us got 95.00 Cashback + 15.00 vouchers and 15.00 premium refunded ( within 28 days) due to Fatcheese paying out the Cashback so quick. :)
  • Baldur
    Baldur Posts: 6,565 Forumite
    That's about all you are likely to make out of this type of plan - they are not well thought of, as a search on the forums will reveal.
  • DiggerUK
    DiggerUK Posts: 4,992 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    littlemrtinkle,
    Put money in these in the boom years.
    You wait 10 years for a Mars Bar as a bonus, and wonder why you did it.
    Not worth a light.
  • dunstonh
    dunstonh Posts: 120,243 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    http://www.scottishfriendly.co.uk/affiliate/scottish-bond.html

    £50 cashback through quidco and £15 Voucher after opening. Worth a gamble?

    More like throwing good many after bad.

    The reason they have gimmicks like this is to attract business as the product is so poor.
    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.
  • Chomeur
    Chomeur Posts: 2,160 Forumite
    Part of the Furniture 1,000 Posts
    GreasyPalm are offering £70 cashback in total plus you get the £15 vouchers from Scottish Friendly. The cashback is only paid after you've made two instalments, each of at least £25. So I suppose you could make £35 if you just walk away from the policy after two months. Not sure it's worth the bother though, especially as receiving cashback is never guaranteed.
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