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New endowment

Twoods
Twoods Posts: 11 Forumite
Seventh Anniversary First Post
in Mortgages & endowments
Hi there

I let my endowment go a few years back and need to start paying into something that will cover the mortgage, is an endowment still the best option?

Comments

  • Edi81
    Edi81 Posts: 1,502 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    How much is outstanding on the mortgage? Could you convert to a repayment mortgage?
  • AnotherJoe
    AnotherJoe Posts: 19,622 Forumite
    10,000 Posts Fifth Anniversary Name Dropper Photogenic
    Twoods wrote: »
    Hi there

    I let my endowment go a few years back and need to start paying into something that will cover the mortgage, is an endowment still the best option?

    No. Just pay extra per month to effectively make it a repayment mortgage, or take out a repayment mortgage instead.
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