We'd like to remind Forumites to please avoid political debate on the Forum... Read More » This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Selling an Endowment

Options

Charlie1 Posts: 1 Newbie

4 March 2007 at 5:37PM in Mortgages & endowments

I have an endowment policy which matures in just under five years.
It's projected to pay out at 4% £27.600 at 5% £29.000 at 6% £30.500

I have enquired about selling and have had an offer of £22.900.

This endowment costs me £52 per month. I have a mortgage for £58.000. Would I benefit financially by paying off a lump sum on my mortagage?

Any advice would be most appreciated

Thanks
Charlie1

This discussion has been closed.

★ ★ ★ Meet your Ambassadors

Confirm your email address to Create Threads and Reply

MSE News

British Airways passenger? Book and travel using your old Covid vouchers NOW – or lose them
If you had a British Airways (BA) flight or holiday disrupted by the Covid-19 pandemic, check if you've got an old voucher as millions of pounds' worth are still unclaimed. You'll need to use it to travel before the end of September 2025 – or risk losing it. Below we explain how to search for unused vouchers and how to use them.

View All

Selling an Endowment

Confirm your email address to Create Threads and Reply

🚀 Getting Started

Categories

Is this how you want to be seen?

Get our FREE Weekly email full of deals & guides - and it’s spam-free