Is it worth getting an endowment policy?
July 22nd, 2009 by Len
A few years ago it was said that getting an endowment mortgage was the way forward as it allowed buyer to receive cash in hand at the end of the fixed period. Now as many people know or are finding out, there are people with large short falls in the repayments of their mortgages.
Its now said that One in Three Endowments Will ‘Definitely’ Fail to Pay Off the Mortgage not only that but more than 60% of policyholders are likely to face a bill to top up their mortgage due to an underperforming endowment policy. These are sad facts as many people went into their contracts with the idea that it was going to benefit them not financially cripple them.
This entry was posted on Wednesday, July 22nd, 2009 at 5:00 pm and is filed under Advice, General, mortgages. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.