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What started out as a very creative and innovative mortgage arrangement has in recent years been a huge disappointment for many. It forced the UK government to recently step in with legislation to protect consumers by informing them that they may have higher value with a endowment policy selling service.
This is crucial because the endowment policies are supposed to pay off the principal in the endowment mortgages arrangement. Some policies are not all that desirable to purchase for many buyers, however it is just a case the seller being able to find the right buyer for their unique endowments policy. Someone will want to buy it. By selling their endowment policy through such a service, the endowment policy holder may receive up to 35% more for their policy.
