changing endowment mortgage problems

simonc301

looking to change my mortgage , I have two at the moment one a fairly recent repayment and the other a endowment both with nationwide. i want to change and get better deal , to get my money from the endowment which is with legal and general I need a letter from nationwide saying they have no interest in it and its ok , nationwide wont give me a letter because I guess they are due the pay out when it matures , but surely I should be able to change mortgage companys ? any advice welcome , I am getting a mortgage adviser to sort it out but havnt spoke to him yet .

AnotherJoe

I think you are mixing up two different things.
Swapping the mortgage, and cashing in your endowment.

I've previously swapped a mortgage which was (theoretically) backed by an endowment.
When a couple of mortgage swaps later, eg with a completely different mortgage company, and the endowment was maturing I had to get a letter from the original mortgage company saying they had no interest in the endowment any more.

Thrugelmir

If you switch lender then the endowment would become redundant if you switched to a repayment mortgage. Though you wouldn't be able to release the funds prior. Only after.