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Repayment Types
Endowment
An endowment policy is used to provide life insurance as well as save funds to repay the mortgage at the end of its term. If the investment performs badly, you could face a shortfall at the end of the mortgage term. Relatively few endowments are sold today as they were mis-sold in the 80’s and 90’s.
A mortgage is a loan secured against your home. Your home may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it.
An endowment policy is used to provide life insurance as well as save funds to repay the mortgage at the end of its term. If the investment performs badly, you could face a shortfall at the end of the mortgage term. Relatively few endowments are sold today as they were mis-sold in the 80’s and 90’s.
A mortgage is a loan secured against your home. Your home may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it.