Endowment Mortgage
Endowment Mortgages were hugely popular in the 1980s and 1990s and were often sold alongside interest only mortgages. There has been a lot of problems and scandals around endowment mortgages and failure for the borrower to repay..
What should I do if I have an endowment mortgage shortfall?
If you have an endowment mortgage, it was likely arranged so that you could enjoy the benefits of an interest-only mortgage (lower monthly repayments). [...]