What would u do?

Muscle750

We have a mortgage of £119500 costing us £680 a month £40000 of it on interest only i have an endowment which is due to mature in 2014 present value with bonuses is 26.5k its obviously gonna fall short hopefully will make 35plus full term. I have been offered 22 by a company to purchase it. I have unsucessfully tried to claim for compo without sucess.
I am tied in on the mortgage for 5 yrs minus a few months i suceedeed to secure a 5.09 rate just before the rate went up.....phew!
We get by but theres never any spare, the house is worth 200kplus on a good day sunshining etc.

firesidemaid

how much do you pay into the endowment each month?

do you have the option to overpay at all on your mortgage?

Muscle750

£63 a month on the endowment and i can pay 10percent of the mortgage balance in january and anually after

firesidemaid

we need someone like dunstonh to come along.....

i really wouldn't like to comment on what would be your best option, there are several available to you.

have you had more than one quote for the endowment? there are some threads on here regarding who to approach for good offers.

Muscle750

Will post a "best offer" thread