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Help please!

£35,000 left on mortgage

endowment finsihing 2015 , current surrender value £22,000

monthly endowment payments £60

new fixed rate part int/ part repay 3.99% fixed two years £515 per month

property value approx 200,000

should i take new rate or surrender endow and use savings and be free?

Many thanks

Comments

  • kingstreet
    kingstreet Posts: 39,438 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    What's the potential maturity value and is there any kind of guarantee or promise similar to those offered by Standard Life or Aviva?
    I 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.
  • Thank you

    It is a standard life policy ?

    I know its probably pub talk but somebody told me that it better to get out now ?

    I am really confused
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