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Full and final settlement

from Fiestafolie (fiesta.folie@ntlworld.com)
If I have had a shortfall figure advised and want to settle by lump sum arrangement, if the surrender value of the mortgage endowment policy equates to about 30% of the total amount of shortfall, would that be realistically accepted or would the lender require the endowment, plus an additional lump sum contribution from each liable party on top?

E.G 9000 shortfall o/s endowment surrender value = 2.6k

Regards Fiesta

(posted 7736 days ago)

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