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Advice on selling an endowment policy?

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Comments

  • spendleb
    spendleb Posts: 37 Forumite
    OK then, what if I took a risk, sold the policy and didn't tell the lender. Carry on as normal paying the mortgage for the next 12 years and then sold up and paid the mortgage off from the house sale (incidentally there would still be 18 years left on the mortgage at this point) What's the worse than can happen in this scenario? The endowment finishes in 12 years anyway so presumably the money it makes would just be sat in some bank account after this point waiting to be used against the mortgage?
  • castle96
    castle96 Posts: 3,036 Forumite
    Part of the Furniture 1,000 Posts
    "didn't tell the Lender"

    Is the policy legally assigned to them ? Used to be this way
  • spendleb
    spendleb Posts: 37 Forumite
    castle96 wrote: »
    "didn't tell the Lender"

    Is the policy legally assigned to them ? Used to be this way

    Oh I don't know, had it for years, way before the mortgage was taken out? How do I find this out, presumably it would be mentioned on the mortgage agreement somewhere?
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