Advice Here Please

[Connemmara]

My policy of my house ie 2 policies are maturing 1 Aug and 15 Aug respectively. I rang company to get today's price which he gave.

Unfortunately with my hearing loss he told me I need to go to a Financial Advisor - when I asked why - I couldn't hear what he said.

Anybody tell me why I need to go to Financial Advisor - as the money from this company is going straight to Santander etc.

The second policy people are sending me a cheque. Thanks for any advice.

[SirOracle]

Presumably your mortgage is held by Santander. I would contact them and get full information from them.
There is no need or obligation to employ a financial adviser here.

[ubasses]

Going to have to make some assumptions here, if they are endowments and you are asking for surrender value as at today, did he ask you why you wanted to know. If there is any chance you were thinking of taking the money before maturity and it is to pay of a mortgage it would be standard policy to suggest you speak to an IFA to ensure you are making the right decision.
If you are leaving them to maturity date and there are sufficent funds to redeem the mortgage there will be no need to see anyone.
Unless of course there is going to be a big profit and you want investment advise for the remainder of the money.

[Connemmara]

Thanks guys - with a bit of wit that I do have - I know Financial Advisor not necessary - both policies are maturing to their full potential/date then I have to pay £9,000 of my own money. Mortgage paid off.