I will try to be brief and explain as much as I can. Our home was repossessed after a horrible divorce, mortgage was an endowment mortgage and this money is sat gathering dust.(posted 7221 days ago)I have been contacted by the lender - but heard nothing for 12 months now, last contact offering payment was just over 6 years ago. When they contacted me, no mention was made of endowment and no promises or offers to pay were made. Thanks to this site...
We would like to cash the endowment in and split the money between our children, but I need it confirming from the lender that they have no interest in this policy anymore. If I write to them, will they a) cash this in for themselves and b) start to contact me again.
It seems a waste that the money is sitting there when it would give our kids a nice little boost right now. Any advice?
Kindest regards.