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Endowment mortgage - stop or go??

Bodie1
Bodie1 Posts: 2 Newbie
in Mortgages & endowments
Hi
Just after some independent advise
I have a Legal & General Endowment and pay £103 / month have had it for several years
Its no longer needed for my mortage as I changed to re-payment given poor performance
I don't really want to continue paying into it as I need to cut my monthly outgoings but if i stop then I assume the cash in value will be derisory and I will in effect lose a shed load of money I have paid in over the years so feel all I can do is carry on paying in

Any thoughts??

Cheers!:beer:

Comments

  • hansi
    hansi Posts: 3,001 Forumite
    Part of the Furniture 1,000 Posts
    Depends on how long it has to go to maturity? Have you tried asking L&G for a surrender value?
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