Endowment Policy Selling
More buyers are waiting for an opportunity to purchase your endowment policy. Endowment Express UK's specialists are experts in selling endowments in the UK, so you know you have carefully selected experts in the United Kingdom finding buyers for your endowment policy. Why not go with experts who know about selling endowments?
Endowment Express does not offer personalised financial advice and all transactions are on an execution only basis. Always consult an independent financial adviser if in doubt.
Barnsley Endowment Sales
In the 1980s and 90s interest rates were very high and the stock market was booming, so many homeowners took out endowments to repay their mortgages. Many Barnsley homeowners face uncertainty about their financial future due to problems with poor returns depreciating values on endowment mortgages.
Endowment Mortgages
If you own an endowment policy, you probably have received regular letters regarding whether your policy is on track to repay your uk mortgage. Reprojection letters are required to be sent to endowment mortgage policy holders since many of these policies are expected to have shortfalls. The endowment shortfall is the amount the policy will pay out against what is owed on the home mortgage when it comes due. The reprojection letter will indicate the amount of the projected shortfall, a suggestion of alternatives, and any actions you as a policy owner could take. If you haven't received a reprojection letter, then contact the life company involved and request one.
If your endowment mortgage policy has been mis-sold, you may want to file a compensation claim, although the time for doing so is running out. Some of the life companies may have made guarantees of investment performance that never materialised or provided other misleading advice. If so, you can file a mis-sold complaint and may receive a degree of compensation.
To file a complaint, you must first contact the company that issued the endowment policy. If it has failed to address the issue satisfactorily within eight weeks you can approach the Financial Ombudsman Service directly and fill out a detailed form specifying all your policy details as well as your current and previous mortgage arrangements, the endowment policy, and your other savings and investments. If you've already filled out a similar form with the life company you're complaining about, you'll still need to fill out the Financial Ombudsman Service’s form. The process can be exhausting, but you may get some money back. If you're pressed for time, however, you may wish to consider selling your endowment policy on the second hand market by using an endowment broker.
If you have a poorly performing endowment policy and are uncertain about what to do, you might want to call Endowment Express on 0800 091 1913 to discuss options. We cannot provide personal financial advice but can provide generic guidance on the various alternatives available. We've also got access to buyers who may be able to give you an attractive price for your endowment policy.
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