Resolution Life endowment cut and run?

peterbaker

philuws wrote:

...As for complaints the rumour is coming from the guys in charge at Life company investor group that they will treat complaints in the same way as normal and are not going to adhere to the 'time barring' principle.

Ehm, as someone who learned principles of insurance a long time ago I think your use, Phil, of the word "principle" here in your sentence is inadvertently a tad misleading:-) I suggest the word "con-trick" gets the idea across better.

tonyflan

I am also in this predicament and have a current estimated shortfall of anything up to 30K I believe. Would it make any sense to take the 18k surrender value out and put it into a 'buy to let' property as opposed to adding this surrender value into my mortgage along with the monthly payments I was making to the endowment company and offset the mortgage. Would there be any downside to doing a buy to let that I would loose out on, or would it be a better option as long as the buy to let/property market stayed buoyant. Appreciate any help in this, cheers. :beer:

dunstonh

Would it make any sense to take the 18k surrender value out and put it into a 'buy to let' property as opposed to adding this surrender value into my mortgage along with the monthly payments I was making to the endowment company and offset the mortgage. Would there be any downside to doing a buy to let that I would loose out on, or would it be a better option as long as the buy to let/property

Out of one scheme which has risk into another. The actual yield on buy to lets is very low now. You would be doing it after the good times.