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 hand picked experts in the United Kingdom finding buyers for your endowment policy. Why not go with experts who know all 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.
Popular policies being sold: Standard Life Endowment, Norwich Union Endowment, Scottish Life, Royal London Endowment, Clerical Medical General Endowment, and Marine General Endowments.
Blackpool Endowment Sales
Back in the 1980s and 90s when interest rates were high and the stock market was gaining ground, many Blackpool homeowners took out endowments to repay their mortgages which were due to expire in 10 to 25 years time. Unfortunately, the endowment cover often won't be enough to pay off these mortgages. That leaves many Blackpool homeowners in an uneasy circumstance.
An endowment mortgage is a mortgage loan arranged on an interest-only basis where the capital is to be repaid by one or more endowment policies. An endowment mortgage is composed of a monthly interest payment to the mortgage lender and a monthly payment into an endowment policy which is invested in a broad spread of financial assets, including stocks and shares. Policies are created to mature at the end of the mortgage loan. It is estimated that more than 9 million mortgages are tied to endowment policies.
Norwich Union warned endowment policy holders in 2007 that 90% of its 750,000 mortgage policies were in the red danger zone while only 10% are green, or on track to reach their target.
If you have a depreciating endowment policy and are uncertain about what to do, you might want to call Endowment Express on 0800 091 1913 to discuss your options. We cannot provide personal financial advice but we can give generic guidance on a range of alternatives and, if you wish to sell, we have access to buyers who may be able to quote you a good price for your endowment policy.
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