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Old 03-24-2008, 09:36 AM
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Default endowment mortgage

Hi, I have recently sold my endowment, ( about a year ago) but have done nothing to alter the payments. I would like to change to a repayment mortgage for a duration of around 10 years. I still have £6000 left from cashing in the policy, my property is worth around £200,000 and my outstanding mortage balance is £54000. What is the best way to repay the remainder of this mortgage and what insurance policy would i need to cover the payments.

Regards

Centra
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Old 04-09-2008, 09:32 PM
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Default Re: endowment mortgage

Curious - why did you sell your endowment rather than leave it to accrue?

Either way, you're going to have to chat some a professional about your mortgage details - building societies traditionally offer the best deals, so definitely worth looking into chatting to some of them.

2c.
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