endowment mortgage -are you at risk?

YOUR ENDOWMENT MORTGAGE, ARE YOU AT RISK?


Most mortgages sold in the late 1980 and 1990 were endowment mortgages. If you had taken a mortgage during this period, the likely hood is that you have taken an endowment policy.

At present your mortgage company may have written to you telling you whether your endowment mortgage will have enough savings to repay your endowment mortgage or if you need to take action, this information sheet is designed to help you decide what action to take.

The Facts

There are over 9 million policies in the UK
It is unlikely that endowment policies will grow enough to repay the amount you borrowed at the end of the mortgage term.
Most endowment policies are high risk
You will need to increase your monthly payments to repay you mortgage
The longer you leave the policy at this stage the bigger the gap

What Can I Do?

You need to complain now
Find your paperwork relating to the policy -Speak to me for free advice