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 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.
Harlow Endowment Sales
In the 1980s and 90s interest rates were very high and the stock market was booming, so many Harlow homeowners took out endowments to repay their mortgages.
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. The 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. Standard Life and a number of other life companies have reported shortfalls in previous years and that trend may continue into the years ahead.
Since interest rates and stock market returns have fallen, many mortgage borrowers have seen their endowments perform poorly. If you have a poorly performing endowment policy and are uncertain about what to do, you may wish to call Endowment Express on 0800 091 1913 to discuss your options. We don’t provide personal financial advice but can provide generic guidance on some of the options available. If you wish to sell, we've got buyers for your endowment policy who should be able to quote you an attractive price.
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