Cash in endowment?

bluesky22

I have mortgage endowment plans which are valued at £22000 cash in value now and have 2 -3 years before they mature.( They are 40% short of the projected target when taken out 22 years ago).
I have a £20,000 bank loan-
Should I cash in the endowment and pay off the bank loan which still has 5 years to run?

I'd appreciate any advise.

Thanks

powerwin

As a first step, I would read this:

http://www.moneysavingexpert.com/reclaim/endowments-miss-sold

Rgds

Thrugelmir

Are the endowments with profit or unit linked policies ?