{"id":129976,"date":"2022-09-26T16:00:08","date_gmt":"2022-09-26T09:00:08","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/should-i-cash-in-my-endowment-and-pay-off-my-41000-interest-only-mortgage\/"},"modified":"2022-09-26T16:19:22","modified_gmt":"2022-09-26T09:19:22","slug":"should-i-cash-in-my-endowment-and-pay-off-my-41000-interest-only-mortgage","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/should-i-cash-in-my-endowment-and-pay-off-my-41000-interest-only-mortgage\/","title":{"rendered":"Should I cash in my endowment and pay off my \u00a341,000 interest-only mortgage?"},"content":{"rendered":"


\nI could use the \u00a3200 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 \u00a351,000, which is about \u00a310,000 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 \u00a3110 a month for the endowment, making a monthly total of \u00a3200. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Should I cash in my endowment and pay off my \u00a341,000 interest-only mortgage?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

I could use the \u00a3200 a month to overpay on my repayment mortgageQ My endowment...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-129976","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-xOo","jetpack-related-posts":[{"id":61292,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/should-i-cash-in-my-endowment-early-to-pay-off-my-mortgage\/","url_meta":{"origin":129976,"position":0},"title":"Should I cash in my endowment early to pay off my mortgage?","date":"July 20, 2017","format":false,"excerpt":"\r I\u2019m thinking of topping up its current cash-in value with a personal loan so I can pay off the mortgage when my deal endsQ The current fixed-rate deal on my interest-only mortgage of \u00a347,000 will finish at the end of next March, and the entire mortgage term is due\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":65912,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/will-my-failing-endowment-be-taxed\/","url_meta":{"origin":129976,"position":1},"title":"Will my failing endowment be taxed?","date":"April 18, 2012","format":false,"excerpt":"\r Q My endowment policy matures in 2013. It is no longer connected to my mortgage \u2013 thank goodness, as there's a massive shortfall \u2013 so will the proceeds be subject to tax? I am a higher rate tax payer and am concerned that not only did this policy fall\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":73509,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/what-happens-to-the-money-from-old-endowment-policies\/","url_meta":{"origin":129976,"position":2},"title":"What happens to the money from old endowment policies?","date":"January 29, 2014","format":false,"excerpt":"\r We have continued to pay the monthly premiums despite not needing the policies to pay off our mortgageQ My wife and I have four endowment polices which we took out with our first four mortgages back in the early 1980s. When it became apparent these were not going to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":10920,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/does-my-former-partner-have-a-share-in-this-endowment\/","url_meta":{"origin":129976,"position":3},"title":"Does my former partner have a share in this endowment?","date":"July 30, 2011","format":false,"excerpt":"\r I have paid all the premiums, but the policy is in both our names and he refuses to assign his share to meAs soon as I bought a house, 18 years ago, my then partner moved in. The property was in my sole name, as was the mortgage, although\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":101436,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/should-i-remortgage-for-the-final-18-months-of-my-loan\/","url_meta":{"origin":129976,"position":4},"title":"Should I remortgage for the final 18 months of my loan?","date":"November 19, 2018","format":false,"excerpt":"\r I have an interest-only mortgage and I\u2019m a bit concerned in case the rate goes upQ My current fixed-rate mortgage deal ends about 18 months before my mortgage comes to an end in 2022. It\u2019s an interest-only mortgage so the last \u00a340,000 should be paid off by my endowment\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":41853,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/halifax-is-chasing-a-debt-on-a-house-my-wife-left-20-years-ago\/","url_meta":{"origin":129976,"position":5},"title":"Halifax is chasing a debt on a house my wife left 20 years ago","date":"January 25, 2017","format":false,"excerpt":"\r Her ex had forged her signature on forms and is still insisting she is liable My wife took out a joint endowment mortgage with her ex nearly 20 years ago. She left the property in 1997 and advised Halifax of her new address, but her ex refused to take\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/129976"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=129976"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/129976\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=129976"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=129976"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=129976"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}