Mortgage, remortgage or loan?

blueandblonde

We currently have a 85,000 mortgage with RBS. Originally 54,000 endownment ends next summer, remainder repayment ends 2014 i think?

As expected, despite doubling premiumns my endownments are still expected to shortfall by approx 10 - 15k.

Is the better option to

• Take a repayment mortgage for 10 - 15k to come in line with the other mortgage
• Take a loan to cover shortfall and pay it off
• Just pay an amount ie 300 quid monthly so there won't be any outstanding when the other is up

Don't want to approach bank until i have some other suggestions because i don't want to be bullied into anything

Any ideas or suggestions and faesibility greatly received

Thanks