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endowment / mortgage

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  • dunstonh
    dunstonh Posts: 121,329 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    old bear, without the terminal bonus and the mortgage promise values there is no way of knowing what option is best. These are vital figures which in helping ascertain the quality of the endowment. You will probably have to phone Standard Life asking them for those values.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • old_bear
    old_bear Posts: 8 Forumite
    the way we are thinking is if we pay off the mortgage now, we wont need to start a new mortgage in october when the other one goes on to standard rate. and the money we pay now off our mortgage a month,which is at least £1100 sometimes £2000 we can save in a high interest account. also if my wife does have to give up work we will get a lump sum of about £45000 to bank. ps the endowment and the investment are not linked to the mortgage

    thanks
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