Hello magscb14,

This seems to vary from firm to firm.

I guess an additional factor would also be whether any equity remains to be dealt with after the thirty six monthly payments have been made.

Some information from our experts on the sorts of timescales in play at their businesses would be really useful...

Hi magscg14

If there are no other matters to deal with, I would expect the case to be wound up around 4-8 weeks after final payment from you.

Mark

Thanks guys - sorry it has taken a while to get back to you but things hve been a bit hectic. You may recall my situation from previous posts where my husband and I both have TDs and the final payments were made at end of July 09. We then arranged for a third party to cover the additional equity release and this was completed in October 09. Then the added complication - my husband got diagnosed with cancer so i alerted them to the critical illness policy he had. To cut a long story short, since then there has been some toing and froing, ending in the Trustee saying he has decided to abandon his interest in the policy but needed to write to the creditors to advise this and then they would have 14 days to object (19th Dec 09). To date, this letter has still not gone, have advised our files have been sent for closure and are currently with a Director for final adjudication? Got an email saying that they would get both files closed asap - Question - how can they move the files to closure if they have not asked the creditors for objections to the trustee abandoning his interest in the policy - I am so confused and seem to get conflicting info every time i contact them. Any advice anyone could give would be appreciated
thanks
magscb14

Sounds like they are closing the files anyway magscb14 so maybe they have decide that the letter to creditors is not necessary after all.

Part of me thinks it might be a good idea to get them to confirm in writing that they have abandoned any interest in the policy, then another part of me thinks that it may be best to let sleeping dogs lie just in case they change their minds again!

Maybe one of the other experts has an opinion...