Endowment
Find the best price for your mortgage endowment at Endowment Express.
Endowment Mortgages
If you own an endowment policy, you have probably 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 endowment mortgages are expected to have shortfall.
Selling Endowment Policies |
Sell Endowments |
Selling Endowments |
Sell Endowment |
Endowments
UK Mortgages
Climbing housing costs, fuel and heating costs, food prices, and the financial challenge of the Christmas holidays, along with rising mortgage repayments, could force many UK consumers into severe financial circumstances, including even bankruptcy. Some are being forced to cash in savings and even sell endowment policies to meet their daily living needs. Those facing medical bills and unemployment are the hardest hit. Since many endowments are not living up to original projections, the spread between the endowment mortgage's maturity value and the cost of a home mortgage may be increasing.
According to recent research, close to 10 million people in the UK are near to defaulting on mortgage repayments and credit card bills. Accountants Grant Thornton suggests there will be soaring personal insolvencies in 2008, to a record level of nearly 120,000 cases.
Its research shows that the total amount of outstanding UK consumer debt, (£1.3 trillion in mortgages, loans and credit card balances) exceeds even UK GDP. That's created a huge demand for mortgage refinancing.
Remortgages
Home remortgaging refers to the switching of your mortgage and/or mortgage lender. Lenders have been tightening their criteria but if you are looking to switch your contract for a better remortgage rate, better conditions, or to increase the amount of your home loan, there could be deals from remortgage lenders available. UK Banks, building societies, specialist lenders, and mortgage brokers may serve your remortgage needs. Some will charge remortgage fees.
If your mortgage payments are proving steep - especially if you have a remortgage deal -, or if you are selling your home, you may want to consider selling your old endowment policy now while it retains some value. If so, why not try Endowment Express, a specialist endowment broker with a large group of endowment buyers ready to buy your endowment for a potentially better price?
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.