If you have a UK mortgage, you should be reading this......

in OTC's Blog Sun Jul 21, 2013 7:15 pm
by OTC • 72 Posts

Over the past decades, Endowment Mortgages were heavily marketed and many borrowers are now in possession of an Endowment Mortgage. How shocking it was to read recently, that many such borrowers may not have been adequately advised, or failed to understand the advice given and may now find themselves being unable to repay those loans on Redemption day. As our lessons in Mortgages show, borrowers should have taken out some form of repayment protection, such as Life Insurance Policies.

If you are one of the many subscribers to Endowment Mortgages, please read the following:

Interest-Only Borrowers Face 'Wake-Up Call'

Last edited Wed Aug 28, 2013 11:17 pm | Scroll up

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