The Mudcat Café TM
Thread #96938   Message #1901404
Posted By: Teribus
06-Dec-06 - 06:23 AM
Thread Name: BS: End Mortgage Shortfall anyone claimed?
Subject: RE: BS: End Mortgage Shortfall anyone claimed?
To answer Sinsull's question with an endowment mortgage usual term in the UK is 25 years you pay of the mortgage at a slightly higher sum plus, in my own case due to my job at the time, an insurance premium.

In my case it worked out pretty well, I took the endowment mortgage out in 1974, mortgage was paid off in 1999 with an endowment pay out of just over £94,000