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: -

  1. Understanding the basic anatomy of an interest-only mortgage.
  2. Looking at the past history of the endowment mortgage.
  3. Analysing why some endowment policies have not worked out as promised.
  4. 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.

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