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Endowment mortgages
Endowment mortgages see monthly repayments not paying off what you have borrowed, but just the interest of the loan.
Homeowners aim to pay off the capital on the mortgage through investing in an endowment policy – a type of investment. Cash is invested in the stock market or in bonds with the aim of the investment growing over the length of the mortgage to cover amount owed to the lender.
However, unpredictable performance on the stock markets means it cannot be guaranteed how much the endowment will pay out in the end – leading to some controversy in recent years as homeowners have been left with shortfalls.
myfinances.co.uk has teamed up with Mortgage Finder to provide a quick and easy way of finding the best mortgage deals across all types of loans. Why spend hours poring over best-buy tables when Mortgage Finder can compare mortgages for you for free and with no obligation. Just fill in one simple form for a cheap mortgage quote.
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Sell your endowment policy
If you are considering
selling your endowment
,
click here
to find out how much endowment selling through
aap
could be worth to you.
Sell your endowment policy
aap
is the UK's largest endowment policy buyer and
endowment policy seller
in the UK. Since 1968 aap has been involved in the purchase of more than £1 billion of with-profit endowment policies.
aap
will
value your with-profits policy
completely free or charge and without obligation, so long as it was taken out before 2000 and has a minimum surrender value of £1,500. If you are considering
selling your endowment
,
click here
to find out how much
endowment selling
through
aap
could be worth to you.
Selling your endowment policy FAQs
Need help? Call aap now on 0800 083 3004
What are?
Endowment mortgages
Endowment mortgages use investment funds to pay off the value of the loan - rather than the mortgage-holder paying off the debt directly.
More...
Mortgage news
86% of endowments face shortfall
Some 86 per cent of mortgage endowment polices look set to face a shortfall.
More...
Repossession increases 'will up selling on endowment policy'
Concerns about the property market and an increase in repossessions could increase the number of people aiming to sell or surrender their endowment policies.
More...
Brits like endowment mortgage claims firms
Endowment mortgages sold for £1,000s too little
First-time buyers blind to property finances
Steep rise in endowment mortgage complaints
Disclaimer:
myfinances.co.uk is not authorised to give advice under the Financial Services and Markets Act 2000.
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