Endowment mortgage

An endowment mortgage is a combination of a loan and an investment. Your monthly payments include an interest payment to the lender and a payment to an endowment policy. The endowment policy actually serves a dual purpose – as well as being used to save funds, it also provides you with life insurance, meaning that your mortgage debt will be paid should you die during the mortgage term.

Don’t forget that an endowment is an investment. If it performs well you may receive a cash lump sum at the end of the term, in addition to the loan being repaid in full.

It is possible, however, that the investment will not sufficiently over the term to pay off the mortgage in full; whether it does or not is dependent upon stock market returns. Be aware of this as you will still be liable to make up for any shortfall.

For more information please click on the type of mortgage you are interested in:

• Repayment Mortgage - repay the whole loan amount back with interest
• Interest Only Mortgage - repay only the interest on a mortgage
• Endowment Mortgage - a combination of a loan and an investment
• ISA Mortgage - combines and loan and an investment with an ISA
• Pension Plan Mortgage - a tax efficient but non flexible option
• Buy To Let Mortgages - for second property rentals
• First Time Buyers - get on the property ladder
• Spanish Mortgage (for holiday home) - to buy your dream holiday house!

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