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Should I sell endowment?
davymurph_2
Posts: 3 Newbie
Hi
I have a Standard Life endowment policy that has 10 yrs still to run. I pay in £68 per month and it currently has a value of £12000 with a projected value of £22k, £27k or £31k. It was supposed to pay £35k. I'm wondering if i should stop paying into it and change £20 k of my mortgage to repayment (cost of £105 per month) and cash in the mortgage instead of continuing to pay it.
Any advice?
I have a Standard Life endowment policy that has 10 yrs still to run. I pay in £68 per month and it currently has a value of £12000 with a projected value of £22k, £27k or £31k. It was supposed to pay £35k. I'm wondering if i should stop paying into it and change £20 k of my mortgage to repayment (cost of £105 per month) and cash in the mortgage instead of continuing to pay it.
Any advice?
0
Comments
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Top end probably not worth it. Low end probably worth doing. The question is, do you feel lucky punk?
I certainly think that the low end is probably more likely and am a strong advocate of repayment mortgages with overpayment facilities to pay off mortgages asap.The J is a Financial Advisor-This site doesn't check anyone's status and as such any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Always seek professional advice.0
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