News

This meant it was comparatively easy for the insurance policy to build up enough cash to pay off the mortgage. At the peak of their popularity in 1988, endowment mortgages accounted for more than ...
In the late 1990s, regulators told insurance companies to write ... Many thousands of people cut the link between the endowment and their mortgage, making alternative plans to pay off their ...
Term life insurance should be taken out at the same ... it matures for at least the principal balance due the lender. Endowment Mortgage Advantages and Disadvantages: An endowment mortgage gives ...
The Irish Financial Services Regulatory Authority (IFSRA) will press the Irish Insurance Federation (IIF) to pass on details it holds on endowment mortgage policies, following claims that up to ...
but we no longer need the endowment to pay off the mortgage nor the life insurance aspect of the endowment policy. Should we carry on paying £42 a month for this policy until it matures in 2012 ...
A mortgage endowment is a mixture of an investment and an insurance policy, providing both life assurance and savings, which is designed to repay a mortgage. The consumer only pays interest on the ...
Millions of homeowners are sitting on a mortgage time-bomb that is set to detonate within the next five years as endowment payouts slump again. Between now and 2015, an estimated two million ...
To make sure we could repay the mortgage, we took out an endowment insurance policy with Friends Provident (now Aviva) - an investment vehicle which would pay out at the end of the 35-year term in ...