Trading Endowments
An endowment mortgage has two parts, a monthly interest payment
to the mortgage lender and a monthly payment into an endowment
policy which is mainly invested in stocks and shares. The
policy is usually arranged so that it ends when the mortgage
loan ends, so that the proceeds are available to use in
repaying the amount borrowed. There are approximately
9.5 million endowment policies linked to a mortgage.
Endowment policy surrender is common in the UK, but selling
or "trading endowments" is becoming more widespread,
and can mean more money for the endowment policy holder.
Surrender your policy back to the endowment issuing company
and you may miss out on the extra cash that you can get by
selling the endowment policy, instead, to an endowment policy
trader ( they buy second hand endowments as investments to
balance the risk profile of a portfolio of investments)
We will shortly be adding a facilty to trade your endowment
online.
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