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What took over from the endowment?
sparky23
Posts: 69 Forumite
Hello, Im asking this for a friend who was considering a interest onlt mortgage.
I know that lots shortfalled and there was bed media press at the time. So do they still exist? and are they more guaranteed on the completion date?
Thanks
I know that lots shortfalled and there was bed media press at the time. So do they still exist? and are they more guaranteed on the completion date?
Thanks
0
Comments
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Nothing took over.
There are a number of ways to save you need to save about the same as a repayment anyway at least untill you know the investments are working(or not) so why do interest only.0 -
Could paying into a ISA be used as repayment?0
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ISA, Pension, Endowment etc. Most lenders will no longer allow Interest Only at all above 75%, and even where it is allowed many have started charging higher interest rates.0
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