Mortgage Endowments

ENDOWMENTS

Advantages

* Regular reviews are carried out on many plans to ensure they will pay off the mortgage at the end of the term. If the underlying performance has been less than assumed, you may need to increase the contribution. However, if the growth on the fund is better than assumed you could receive a lump sum over and above the mortgage amount, or pay off the mortgage early.

* Life cover is automatically included in the plan. You may also be able to include critical illness protection and waiver of premium benefit.

Disadvantages

* If you stop the endowment early you may get back less than you invested.

* Endowments are only Suitable to repay long-term mortgages, e.g. at least 15 years.

* Endowments invest in the stock market and are not suitable for risk averse borrowers.

Please enter your details into the form below, and you will be contacted by a professional & regulated mortgage adviser from CMG will call you back:

Head Office: Capital Management Group Mortgage Brokers, Times Square - Mellon Financial Centre, 160 Queen Victoria Street, London, EC4V 4BD. UK

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MORTGAGE ADVISERS

ENDOWMENTS