Hi Jimbo,

You don't say what interest rate you are paying on your mortgage, but this could be the same as the growth of your account (which isn't guaranteed).

To save / pay 12000 in 4 years, you would need 250 per month.

For the 32300 you'd need 675 plus the interest cost of the mortgage.

You will need to look in more detail about your mortgage to see if you can make these over payments.

I'd recomend speaking to a financial advisor about your situation.

HTH

Sparky.

Hi,we have 3 policys due in 4 years time to pay the mort.( mortgage due 10mths later) ,it looks like we will be about £12,000 short.we are thinking about surrendering the policy's which would pay £40,000 off and leave us with £32,300 which we would change to a repayment mort. or pay £100 - £150 each month to help reduce our shortfall in the hope that we will get a bit more for our policy's.

At 5.5% a year (which is what freinds provident say is a possible reasonable assumption)1 policy and 2 with prudential.

These figures cannot obviously include any final bonuses which may or may not be paid but i was wondering anybody had any idea historiclly what a final bonus has ever been or could be with these type of policy's.

We are struggling to decide which way to go,any help would be much appriecietated

Thank you.