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Selling endowment

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shazbig
shazbig Posts: 83 Forumite
in Mortgages & endowments
Hi All

I have a standard life endowment, which matures 2011. However, it seems to me a better idea to sell the endowment as the amount it increases by, is far lower than the amount of interest i am paying on the mortgage, so i think it would be a better idea to sell it and pay the lump sum straight off the mortgage. We are just changing our mortgage to an Abbey mortgage, which is variable rate with no tie ins and no penalties for overpaying.

I thought i read on here a while ago details of companies that i can get a quote from to sell the policy to. I would appreciate any advice/details/opinions.

Many thanks

Shaz

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