Eleven months ago (April 2012) I obtained a surrender valuation for my L&G with profits endowment, figure given was £18,255. Requested another valuation this month (March) and figure given was £20,091 meaning an increase of £1836 in eleven months.
I pay £65.77 a month, so 11 x 65.77 = £723.47, therefore the endowment surrender valuation has increased by £1113 plus my contributions.
Can anyone shed any light on why such a large increase or this just normal and to be expected. Can I expect the value to increase at such a rate?
The endowment is showing a shortfall, 6% should pay out approx £35,000 when it should have paid out approx £46500.
We no longer need it to pay off the mortgage as we're repayment but thinking of surrendering or selling to pay for home improvements.
I pay £65.77 a month, so 11 x 65.77 = £723.47, therefore the endowment surrender valuation has increased by £1113 plus my contributions.
Can anyone shed any light on why such a large increase or this just normal and to be expected. Can I expect the value to increase at such a rate?
The endowment is showing a shortfall, 6% should pay out approx £35,000 when it should have paid out approx £46500.
We no longer need it to pay off the mortgage as we're repayment but thinking of surrendering or selling to pay for home improvements.