Surrender Endowment
If you want to surrender an endowment, consider whether your reprojection letter is accurate. Life companies frequently issue re-projection figures quoting the estimated maturity value of endowments. These letters (required by the FSA) will come in green, amber or red to signify the threat to your policy's value. Red is severe. Life companies can actually choose which range of projection figures they indicate. As long as they are within the range set by the FSA (Financial Services Authority), they are able to do this.
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.
Doncaster Endowment Sales
In the 1980s and 90s interest rates were very high and the stock market was booming, so many Doncaster homeowners took out endowments to repay their mortgages. If you live in Doncaster and would like to find out how much your endowment policy is worth, then why not contact us or fill out our endowment quote form to get a sales value on your policy? It could prove worth your time and effort.
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.
Endowment Complaints and Compensation
Response and handling of mis-sold endowment complaints falls under the auspices of the Financial Ombudsman Service. According to the Financial Ombudsman website, they’re still receiving a significant number of complaints about mortgage endowments. This large volume of complaints means it could take many months to resolve your case, especially if there are particularly complex or unusual issues involved. If you need money immediately you may prefer to sell your endowment on the second hand market. If so, why not contact Endowment Express and get a quote on the selling value of your endowment policy ?
Owners of poorly performing endowment mortgages do have options, so if you're unsure of what to do, you might want to call Endowment Express on 0800 091 1913 to discuss alternatives. We can’t provide personal financial advice but we can provide generic guidance on what is happening in the realm of mortgage endowments. If you decide to sell yours, we've got access to buyers for your endowment policy who may be able to quote you an attractive price.
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