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what happens at end of mortgage and endowments???

tom_and_barbara_good
Posts: 240 Forumite
I really hope that this isn't a silly question
What happens when the mortgage and endowments come to an end? do Standard Life pay the money to the Halifax or do we get a cheque and then pay the Halifax ourselves?
What happens when the mortgage and endowments come to an end? do Standard Life pay the money to the Halifax or do we get a cheque and then pay the Halifax ourselves?
If I screw my eyes up tight I can just about see where you're coming from
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Comments
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This will depend upon whether the endowment policy is in your sole names or if it has been assigned to Halifax.
As a guide, if you have been with Halifax a long time, then the policy will probably have been assigned to Halifax.
Do you have the original policy document or is it stamped copy
JoeKI am an Independent Financial Adviser.Anything posted on this forum is for discussion purposes only. It should not be considered financial advice. Different people have different needs and what is right for one person may be different for another. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser who can advise you after finding out more about your situation.0
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