quickie on mortgages and endowments

[Coddy]

friend dh wants to cash in a samll endowment they haev 7k and leave that 7k uncovered awating a large payout he will get in a few years.

can you do this?

she is less than pleased wiht it - especially the line he said that she need not have an opinion as she doesnt bring any money in to the house.....!

Berlimey

guys

Explain it better. The endowment is worth 7k now but will leave a shortfall on the mortgage of 7k and he is staking a payout which he might or might not get on paying it off. Is that right?

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He will get ot I thjnk Pip- its a gratuity type thing. Yes thats right

yes he has his moments. Poor pal

From what I have been reading lateley, this is the wrong time to cash in an endowment. A lot of people are getting worried that they aren't going to meet their targets so they are cashing them in. But most are linked to the stock market and that has been on a downward spiral for the last few years, it is now on the rise. My mother recently asked for a cash in value for her endowment and within a month the value had changed by four hundred pounds. So I'd hang onto it for now if he doesn't need the money. Can't she just hide all the papers or something. That's what I'd do!

have to go swimming now
thanks will reply later.

thanks for all your help

Dont know why he is an hurry to do it and nor does pal.

PAl on a mission now she has emailed fighting talk