Endowment Policy Buyers Bid For Unwanted Endowments

Endowment policy buyers are bidding against each other in a race against time, to buy up the mass of endowment policies being discarded by disgruntled owners.

(PRWEB) August 19, 2006 -- Web site www.sellingendowment.com is seeing an upturn in activity, as investors from around the world seek out sources of with profits endowment policies on their way to maturity.

The UK mortgage market has seen a dramatic swing from endowment based mortgages to repayment mortgages over the last decade, resulting in the policy holders either surrendering their policies back to the life offices, or taking the potentially more profitable route of selling the endowment policies through traders to the investment portfolio fund managers.

It is the fact that the policies have already been paid in to for a number of years, coupled with the attraction of terminal bonuses, added at maturity, that make the policies so attractive to the larger institutional investors.

The web site www.sellingendowment.com has a "sellers enquiry form" on its site that allows a private individual to input their endowment policy details for an assessment of it's second hand potential, with an offer to buy normally made within 48 hours.

The service has proved very popular with enquiries from all over the UK, and from expatriats who are now living abroad.

The proceeds can obviously be used for any purpose, though it is believed that many of the owners use the extra cash to pay off a chunk of their mortgage.

The selling of unwanted with profits endowment policies is a finite market, expected to last only a few more years as very few new policies are now being taken out.

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