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Standard Life Low cost Endowment
james2012_2
Posts: 145 Forumite
Someone was wondering what they could expect from a Standard Life Endowment.
Not very much:eek:
19 year endowment £70 odd a month total paid in just over £16700 paid out £18800 odd.
Supposed to be £26,000.
A return of 1.2645%
At least I am now mortgage free:j using savings to make up the shortfall.
Not very much:eek:
19 year endowment £70 odd a month total paid in just over £16700 paid out £18800 odd.
Supposed to be £26,000.
A return of 1.2645%
At least I am now mortgage free:j using savings to make up the shortfall.
0
Comments
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Does it qualify for a mortgage endowment promise?
http://www.standardlife.co.uk/1/site/uk/help/existing-customers/mepI am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0 -
Does it qualify for a mortgage endowment promise?
The MEP payment could be higher than £1240 or lower than £1860, it could be nil.
In Feb the min payout that would be paid at maturity was less than £16,000 so I suppose there was a MEP payment.
I don't have any details, I only know what the payout is.
I must say though that I am most disapointed at the maturity amount.
19 years ago the advisor was talking about a maturity value of more than £35,000.
Because I live in Scotland and the endowment was dealt with by a solicitor at an estate agent I could not even pursue anyone for misselling.
On the bright side I have 2800 shares that I never paid for.0
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