Endowment Mortgages
 

Endowment Mortgages Options

 

There are several reasons why an endowment policy holder may consider selling their endowment mortgages and these include poor performance, divorce, a need to raise capital or simply that the endowment is no longer needed. In every case 100’s of customers make Endowment Trade there number 1 choice when it comes to selling endowment mortgages.

In 2007 research undertaken by Endowment Trade shows that policyholders who were interested in selling endowment mortgages totalled 80,000 and over £1.2 billion was sold rather than surrendered.

When considering selling your endowment mortgages Endowment Trade is regulated to buy endowment policies in its own name meaning that you will not be left waiting for a buyer as Endowment Trade only makes committed offers.

1) Why should I sell my endowment mortgage to EndowmentTrade?

Endowment Trade has been a market leading trader of endowment mortgages to institutional clients since its launch in 2001 and is able to make you the best possible cash offer for your endowment mortgage. For some endowment mortgage policies this could be as much as 40% over the surrender value of the endowment policy.

2) Why do endowment mortgage policy holders cash in their endowment early?

Cashing in mortgage endowment policies can be as a result of divorce or the need to raise cash for other expenditure purposes.

3) Why may endowment mortgage policy holders get more cash if they sell their mortgage endowment policy to a trader?

Life offices charges may be deducted from the cash surrender value of the mortgage endowment policy thereby not reflecting its true cash market value

4) Will The Endowment Trade cash price may be a committed cash offer or a valuation only?

As a trader, Endowment Trade only makes committed cash offers for endowment mortgages and we are regulated by the FSA to buy endowment mortgage policies as principal.

5) Is any tax payable on the cash amount received for selling my endowment mortgage policy?

No, provided the endowment policy was taken out to repay a mortgage endowment and not made as an investment all cash received is tax free for all endowment policies

6) Are there any fees or hidden costs to be deducted for the cash offer you make for endowment mortgages?

There are no hidden or unhidden deductions or fees

7) How long does it take to get a cash offer for my mortgage endowment policy?

EndowmentTrade will make any offer within 5 working days of receiving you completed application.

8) How long does it take to cash in mortgage endowment with Endowment Trade once I have agreed a cash price?

On average 20 to 25 working days from receipt of complete documentation, subject to clear title from independent law society regulated solicitors the costs of which are covered by us for all endowment policies.

9) Can I cash in any of my mortgage endowment if the original endowment policy document is lost?

Yes, provided the Life Office either confirms that they do not require sight of the original endowment mortgage policy document at claim stage or they provide a substitute / replacement endowment policy document.

10) Can I sell a mortgage endowment for cash if there is a loan secured on my endowment policy?

Yes, provided the lender is either willing to confirm that upon receipt or cash funds to repay their loan they will undertake to provide a letter of no further interest or they provide a letter of no further interest prior to the completion of the endowment policy sale.

Related Searches - Endowment Mortgage - Mortgage Endowment - Endowment Mortgages - Selling Endowment Mortgage

IMPORTANT NOTICE: PLEASE READ CAREFULLY.

THERE ARE SIX PIECES OF FINANCIAL INFORMATION RELATING TO YOUR POLICY THAT ARE REQUIRED TO BE COMPLETE AND ACCURATE BEFORE WE CAN PROVIDE YOU WITH A VALUATION.
  1. ISSUING LIFE COMPANY NAME AT START DATE. (MANY LIFE COMPANIES HAVE MERGED SINCE).
  2. EXACT START AND END DATE OF THE POLICY.
  3. BASIC SUM ASSURED OR BASIC BENEFIT (NOT DEATH BENEFIT).
  4. ACCRUED BONUSES UP TO 2006 OR 2007.
  5. PREMIUM AMOUNT AND FREQUENCY.
  6. SURRENDER VALUE (WITHIN LAST MONTH).
  • MUCH OF THE FINANCIAL INFORMATION REQUIRED TO COMPLETE THE APPLICATION FORM WILL BE ON YOUR ORIGINAL POLICY DOCUMENT AND YOUR MOST RECENT BONUS STATEMENT.
  • YOU MUST HAVE AN UP TO DATE SURRENDER VALUE WHEN SUBMITTING A POLICY FOR QUOTATION.
  • YOU CAN OBTAIN AN UP TO DATE SURRENDER VALUE BY CONTACTING YOUR LIFE OFFICE EITHER BY TELEPHONE OR LETTER.
  • ANY OTHER FINANCIAL INFORMATION THAT IS INCOMPLETE CAN BE MADE AVAILABLE BY THE LIFE COMPANY BY CONTACTING THEM BY TELEPHONE OR IN WRITING.
  • THE POLICY QUOTATION FORM IS FOR 'WITH PROFITS' POLICIES ONLY. IF THE LIFE COMPANY OFFICE IS NOT ON THE SCROLL DOWN BAR THIS IS BECAUSE THE POLICY IS UNITISED OR UNIT LINKED AND NOT WITH PROFITS AND THEREFORE NOT TRADABLE. PLEASE NOTE THAT YOU CAN TELL IF YOUR POLICY IS UNITISED BY WHETHER THERE IS A REFERENCE TO "NO OF UNITS HELD" ON YOUR ANNUAL STATEMENT.
  • ITEMS MARKED WITH AN ASTERISK (*) ARE MANDATORY.
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Endowment Mortgages Information

 

Remember when you are considering selling endowment mortgages, Endowment Trade offers a free service. Our staff are professionals trained in dealing with your policy valuation in confidence and without obligation. Call 0208 8714290

Many endowment policy holders consider sale rather than surrender because as long as the endowment policy is owned by the original mortgage holder all the extra cash is tax free so if you are considering selling your endowment mortgages look no further than EndowmentTrade.

The popular endowment policies for endowment mortgages sales are endowment policies with a minimum surrender value of £2,500 that have been running for at least 5 years.
 

Endowment Mortgages Free Valuation

  

If you are considering the opportunity to sell your endowment mortgages your endowment policy you can achieve up to 40% more through Endowment Trade.

When it come to selling endowment mortgages, Endowment Trade makes committed offers which will be sent normally within 4 working days if we can beat surrender value.

Endowment Trade has relationships with a large number of institutional funds meaning that when you want to value your endowment mortgages, Endowment Trade can offer you its best price first time.

Endowment Trade offers a hassle free service for those considering endowment mortgages sales and we employ an independent legal firm of solicitors to undertake legal checks at no cost to the seller.

Related Searches - Endowment Mortgage - Mortgage Endowment - Endowment Mortgages - Selling Endowment Mortgage
EndowmentTrade is the online internet division of Oakwood Capital Ltd which is authorised and regulated by the Financial Services Authority. Endowment Trade acts on an execution only basis and does not offer advice as to whether or not you should cash in your traded endowment policy. If in doubt, seek expert financial advice.Address: Endowment Trade, Oakwood Capital Limited, 9 Lydden Road, London, SW18 4LT. Telephone: +44 (0)208 871 4290 Email: enquiries@endowmenttrade.co.uk.
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