We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Prudential endowment policy

Options
Looking for some advice on whether to cash my endowment and pay off mortgage early.
Has anyone had a recent matured policy that they could tell me how they received.

i owe approx £42k on my mortgage - £30k of that is to be paid with endowment the rest is a repayment basis due to getting home improvements. 

I pay £288 mortgage and £100.50 endowment I have four years left to pay. 
Endowment is currently worth £44k

Which would clear my mortgage. 
The endowment statements gives you estimates of what your plan might be worth at growth rates at the end of plan.             
Low rate 0.84% - £52k
mid rate 3.85% - £58k
high rate 6.85% - £64k

So I’m just wondering has anyone had an endowment recently that could tell me does anyone actually achieve the high rate. 

Just playing with ideas with how much I’ll be paying to mortgage/endowment for the next four years would it be worth cashing early and having extra cash each month. 
Thanks 

Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 350.8K Banking & Borrowing
  • 253K Reduce Debt & Boost Income
  • 453.5K Spending & Discounts
  • 243.8K Work, Benefits & Business
  • 598.6K Mortgages, Homes & Bills
  • 176.8K Life & Family
  • 257.1K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.