The
endowment mortgage “scandal”
Many people who took out endowment policies to
repay their mortgages in the last decade have been significantly disappointed.
To understand this problem properly, please be patient and follow the
steps below: -
- Understanding
the basic anatomy of an interest-only mortgage.
- Looking
at the past history of the endowment mortgage.
- Analysing
why some endowment policies have not worked out as promised.
- What
to do about the problem if it has hit you.
We
must first understand the basics of an interest-only loan.
We will return to discuss other aspects of the “scandal” later once
we comprehend it better.