I could use the £200 a month to overpay on my repayment mortgageQ My endowment is due to mature next year in September. It is a nonprofit policy, so there is no bonus for letting it mature.The endowment is currently valued at about £51,000, which is about £10,000 more than my current mortgage. The interest I pay on this mortgage is a tracker rate, so has been going up recently in line with the Bank of England base rate. On top of this I pay about £110 a month for the endowment, making a monthly total of £200. Continue reading…
Source : theguardian.com
Read more…Should I cash in my endowment and pay off my £41,000 interest-only mortgage?
