Maturing endowment: new home for funds?

Voyager2002

For complicated reasons, my endowment policy will mature about five years before the associated interest-only mortgage needs to be repaid. I expect to receive about 30,000 pounds (a shortfall of perhaps 25,000 on the amount outstanding). Since the mortgage interest rate is absurdly low I do not want to repay it before necessary, so need to reinvest the funds from the endowment. Should I avoid equity-based investments for a five-year period?

Background: I have separate equity-based investments that are currently more than enough to repay the mortgage, but selling them might well lead to a significant tax bill.

xylophone

You should be able to fit the £30,000 into high interest current accounts.
Do you have a spouse?