Hi im new on here and need help with something:-
in 1997 i was sold an endowement policy to use as a type of pension as i didnt have a mortgage at the time.
I still do not have a mortgage and everytime i mention i have a endowement policy (to banks and such) i always get the same confused repsonse "why do you have an endowement policy when you dont have a mortgage".
I dont actually know the answer to this as at the time of being sold it it was sold more like a pension rather than something to do with a mortgage.
The financial advisor that sold it to me has vansihed and is no longer contactable, could someone please advise me of what i can do with it. Do i just keep paying into it untill it matures??? or can i use it for a deposit on a house???
Also all paperwork states a shortfall but when queried i get advise that it doesnt affect me as i dont have a mortgage????
Please Help
in 1997 i was sold an endowement policy to use as a type of pension as i didnt have a mortgage at the time.
I still do not have a mortgage and everytime i mention i have a endowement policy (to banks and such) i always get the same confused repsonse "why do you have an endowement policy when you dont have a mortgage".
I dont actually know the answer to this as at the time of being sold it it was sold more like a pension rather than something to do with a mortgage.
The financial advisor that sold it to me has vansihed and is no longer contactable, could someone please advise me of what i can do with it. Do i just keep paying into it untill it matures??? or can i use it for a deposit on a house???
Also all paperwork states a shortfall but when queried i get advise that it doesnt affect me as i dont have a mortgage????
Please Help