My endowment policy is linked to my UK endowment mortgage, can I sell my endowment policy ?

If you have a UK endowment mortgage and want to sell your endowment policy you will need to speak to your mortgage lender (or and a mortgage adviser or mortgage arranger) about alternative ways of repaying the mortgage debt.

An obvious solution is to change your UK endowment mortgage to a traditional repayment mortgage, also known as a capital and interest mortgage.

When an endowment policy sale takes place, the life assurance remains in place but on premature death the new endowment policy owner (the endowment buyer) gets the life assurance proceeds, so if you intend to sell your endowment policy but are concerned about losing the attached life assurance, then a separate "stand alone" policy can be set up.

Endowment trading is becoming more widespread as endowment policy buyers use the internet to make contact with endowment policy holders who are looking at selling endowment policy.

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Selling endowment

Selling endowment to one of only six endowment policy traders that are members of the Association of Policy Market Makers, can be achieved by using the "sell endowment" link at the top of the page, or by clicking here

The information on this web site is intended as "information only" and should not be taken as "advice".

If you are unsure about what to do, if anything, about your endowment policy, you should consider taking advice from an independent financial adviser who is regulated by the Financial Services Authority