C
CTD013
Guest
Hello All.
I switched from an Abbey endowment mortgage I took out in 1996 to a Woolwich repayment mortgage about 4 years ago, but I decided keep on paying the premiums.
I am now thinking of surrendering the policy - the surrender value quoted from Abbey will pay out about 10% less than I have paid in over the 10 year period i.e. is very much underperforming.
I have looked on the internet for companies who might offer me a better surrender value, but Abbey is NEVER listed as a policy which they may consider.
Is there any reason for this? I appreciate that Abbey is recently now part of the Phoenix group - do investors steer clear of buying surrendered Abbey policies.
Any help and advice would be much appreciated, of course I just want to get the best price I can for my 10 wasted years investing in an Abbey endowment.
I switched from an Abbey endowment mortgage I took out in 1996 to a Woolwich repayment mortgage about 4 years ago, but I decided keep on paying the premiums.
I am now thinking of surrendering the policy - the surrender value quoted from Abbey will pay out about 10% less than I have paid in over the 10 year period i.e. is very much underperforming.
I have looked on the internet for companies who might offer me a better surrender value, but Abbey is NEVER listed as a policy which they may consider.
Is there any reason for this? I appreciate that Abbey is recently now part of the Phoenix group - do investors steer clear of buying surrendered Abbey policies.
Any help and advice would be much appreciated, of course I just want to get the best price I can for my 10 wasted years investing in an Abbey endowment.