Mortgage News Standard Life Cuts With Profits Mortgage Endowments By 18 P C 2827
Written by Editorial Team
Standard Life cuts with-profits mortgage endowments by 18%
28 January 2009 / by Rachel Mason
Standard Life has slashed the value of its with-profits mortgage endowments by 17.7 per cent.
In its annual with-profits bonus announcement, released today, Standard Life reveals that its with-profits mortgage endowment plans maturity values have been cut by almost 18 per cent since last year.
In January 2008, a 29-year-old man paying £50 a month into a conventional with-profits