Oh Dear: Interest only mortgages

[Troll]

I've still got two endowment policies designed to pay off my first mortgage that I took out 22 years and several houses ago. I was young and naive at the time and in those pre-Internet days the world was a different place when it came to finding out about stuff.

Both policies are on course to pay out approximately 2/3 of the originally estimated value. I have no option but to continue paying them to term as any other option (cash, sell, fully pay up etc) will cost me a bundle. Needless to say for the past 17 years all my mortgages have been repayment.

I have one maturing this year, like you I changed to repayment for the second property but kept the endowment going as a savings & life insurance method.

Agreed that compared with what was promised at the time the return is pretty scandalous but it all comes down to the terminal bonus amount as to how much of a disaster it has been

With no mortgage anymore I'm just looking at as funding for an indulgence

[shaunbhoy]

With no mortgage anymore I'm just looking at as funding for an indulgence

Why not consider an Eco-Mosque for the end of your garden?

HTH

Churchill

[milanbenes]

Welcome back Shaun

how was the goulag

Milan.

[shaunbhoy]

Welcome back Shaun

how was the goulag

Milan.

I've had worse. The food was good, and at least the cell next door wasn't occupied by a gurning slack-jawed wobbly-spined loser with paternal rejection issues. So that was something.

[Troll]

I've had worse. The food was good, and at least the cell next door wasn't occupied by a gurning slack-jawed wobbly-spined loser with paternal rejection issues. So that was something.

The cycle for recent miscreants appears to be:

Banned
Return
<count 10>
Re-banned

So if we don't get to speak before your next holiday... you're a ****


HTH

[shaunbhoy]

The cycle for recent miscreants appears to be:

Banned
Return
<count 10>
Re-banned

So if we don't get to speak before your next holiday... you're a ****


HTH

Well you'd know all about cycles, you menstrual koont!

[MarillionFan]

Why not consider an Paki-Mosque for the end of your garden?

HTH

Churchill

ftfy

[mudskipper]

..complain about it and get there mortgage changed and the endowment cancelled (this basically put you back to where you would have been without the endowment) ...

What we did. Was fairly painless and got back a lot more than I expected.