Thehillball BooKMarKs

The most common type of interest only mortgage which also provides life assurance cover and a fixed payment for investment. The fixed payments are based on the amount of the loan together with the mortgage term and are designed so that, at maturity, the amount invested and earnings are sufficient to pay off the mortgage. Much maligned in the press because of the poorer investment growth rates achieved in a low inflationary environment this form of investment is less popular these days. Note there is no guarantee that, when the endowment matures and ‘pays out’, the balance will be sufficient to repay the mortgage.

There is much discussion in the financial sector regarding the endowment mortgage misselling scandal that has affected up to 8.5 million policyholders in the UK. Endowments policies were sold heavily in the UK during the 80′s and 90′s as a cheap yet secure method of repaying your mortgage debt. SellEndowment.com provides guide services for Endowment Policy, a leading UK website specializing in Selling Endowments, located in London, UK.