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Decisions on Endowment
Kantankrus_Mare
Posts: 6,153 Forumite
I have a £35,000 mortgage on two standard life endowments.
We have claimed compensation and won £5,000. three and a half of which we have paid directly off the mortgage.
Of course we are waiting to see what...if anything we receive next year when demutualisation takes place but im undecided on what to do then.
If I cash them in at the current value id get £15,000 leaving me with £15,000 left to find which I could possibly easy pay off in the remaining 7 years by over payments etc.
But.......is this the wise thing to do? Should I keep my policies running and hope for a turn around? Or am I flogging a dead horse?
As i say have a while to decide what to do but any advice would be appreciated though I appreciate no one has a crystal ball :rolleyes:
We have claimed compensation and won £5,000. three and a half of which we have paid directly off the mortgage.
Of course we are waiting to see what...if anything we receive next year when demutualisation takes place but im undecided on what to do then.
If I cash them in at the current value id get £15,000 leaving me with £15,000 left to find which I could possibly easy pay off in the remaining 7 years by over payments etc.
But.......is this the wise thing to do? Should I keep my policies running and hope for a turn around? Or am I flogging a dead horse?
As i say have a while to decide what to do but any advice would be appreciated though I appreciate no one has a crystal ball :rolleyes:
Make £10 a Day Feb .....£75.... March... £65......April...£90.....May £20.....June £35.......July £60
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Comments
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Hi KM
I'd wait and see what happens at the time of the DM.
Standard Life might come up with some good offer ideas to keep hold of good long-term customers like you.
In the meantime I wouldn't worry.Trying to keep it simple...
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