My wife and I are about to get shares on three Standard Life policies. We will certainly hang on to them for at least a year.
We are about to mortgage our house (no mortgage at the moment) to purchase abroad(interest only mortgage).
How could I work out if it's worth selling a policy on the TEPs market now, to reduce the outgoing interest payments?
Does anyone think this would make sense or is better to hang on? The bonuses seem to be pretty poor, but I have no idea really what these mean or how to compare these alongside interest rates