Many people in the UK bought endowments as a way of paying off a mortgage . An endowment mortgage combines an interest-only mortgage and an investment (the endowment policy). Throughout the term of the mortgage (usually 20 or 25 years) you pay interest on the amount borrowed to your mortgage lender and a monthly premium to your endowment policy. Millions of endowment policies however are predicted to make a short-fall and fail to pay off the mortgage. Many Endowments were actually mis-sold, if you feel that you have been mis-sold an endowment some of the companies below may be able to help.
With so many endowments being mis-sold in the UK its worth filling out this small questionnaire from Brunel Franklin & Company.
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