Endowment Mortgage
What is an Endowment Mortgage?
An Endowment mortgage is a combination of an interest only mortgage and a combined
life insurance and investment plan known as an Endowment. With an Endowment
mortgage you pay just interest to the mortgage lender during an agreed term,
the proceeds of the endowment policy are then used to repay the mortgage when
the policy matures.
The aim of an Endowment Policy is that it would grow in value and provide a
sufficient sum on maturity to repay the mortgage. However, as the value of most
policies is linked to the performance of the stock market there is usually no
guarantee that the policy value will be sufficient to repay the mortgage at
the end of the mortgage term.
Information about: Discounted
Mortgages | Fixed Rate Mortgages
| Flexible Mortgages
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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
Smaart Associates is authorised and regulated by the Financial Services
Authority (FSA registration number 300530). The FSA does not regulate credit
cards, personal loans or some investment mortgage contracts. Some Buy To Let
mortgages are regulated by the Consumer Credit Act (CCA).
By following some of the links from this site you may be directed to
services provided by a third party. Where this occurs we are not responsible for
the information provided and accept no responsibility for its accuracy.
Smaart Associates is the trading name for Smaart Associates Ltd. Registered
in England No: 4325522. Loans are subject to status, type and value of property.
Insurance may be required. Minimum age 18.
Head office:
Smaart Associates Mortgage Brokers,
MWB Exchange, No 1, Farnham Road,
Guildford, Surrey,
GU2 4RG
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