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endowment surrender aap

concho007
concho007 Posts: 42 Forumite
in Mortgages & endowments
I have had an offer for my endowment of around £7000 from a company called AAP it is about £500 more than the surrender. Whats this company like? are they ok to deal with?

Comments

  • chuckles1066
    chuckles1066 Posts: 2,670 Forumite
    concho007 wrote: »
    I have had an offer for my endowment of around £7000 from a company called AAP it is about £500 more than the surrender. Whats this company like? are they ok to deal with?

    Yes, they've been around for a long time; along with Surrendalink, they're probably the two main players in TEP's.
    You'll always miss 100% of the shots you don't take - Wayne Gretzky

    Any advice that you receive from me is worth exactly what you paid for it. Not a penny more or a penny less.
  • beer_lover_2
    beer_lover_2 Posts: 2 Newbie
    My endowment ends in 2013, i pay £50+ insurance for this mortgage, is it worth surrendering? if so can anyone recomend a good company, or site to look in?
  • chuckles1066
    chuckles1066 Posts: 2,670 Forumite
    beer_lover wrote: »
    My endowment ends in 2013, i pay £50+ insurance for this mortgage, is it worth surrendering? if so can anyone recomend a good company, or site to look in?

    Only your insurance company can provide you with a surrender value.

    You then use this value to establish whether you can realise more by selling the policy to a TEP broker.

    http://www.surrendalink.co.uk/ are the biggest; good thing about it all is it won't cost you a penny to (a) get a surrender value and (b) get a quote to sell.
    You'll always miss 100% of the shots you don't take - Wayne Gretzky

    Any advice that you receive from me is worth exactly what you paid for it. Not a penny more or a penny less.
  • EdInvestor
    EdInvestor Posts: 15,749 Forumite
    beer_lover wrote: »
    My endowment ends in 2013, i pay £50+ insurance for this mortgage, is it worth surrendering? if so can anyone recomend a good company, or site to look in?


    Hi beerlover

    Post some info about the endowment for a view

    Provider's name
    Guaranteed sum assured
    Declared bonuses
    Surrender value
    Monthly premium
    Maturity forecasts
    Interest rate on mortgage
    Trying to keep it simple...;)
This discussion has been closed.
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