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.
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.
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