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.
Middlesborough Endowment Sales
In the 1980s and 90s interest rates were very high and the stock market was booming, so many Middlesborough homeowners took out endowments to repay their mortgages.
Many Middlesborough homeowners therefore face uncertainty about their financial future due to problems with 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 policyholders 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 letters 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 guaranteed investment performance that didn't materialise or made other misleading claims. If yours did you can file a mis-sold complaint and may receive a measure of compensation.
To file a complaint, first you need to contact the company that sold you the endowment. If this has failed to satisfactorily address the issue within eight weeks, you can contact the Financial Ombudsman Service directly. This will involve filling out a lengthy form specifying all the details regarding your policy 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 Services’ form. The process can be exhausting, but you may get some money back. Be prepared, however, to discover that pay-outs on complaints may not be as much as you had been hoping for. If you're pressed for time, you may decide that your best option may be selling your endowment policy on the second hand market 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 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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