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Endownment mortgage due to end shortly but what happens next?

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  • Oldernotwiser
    Oldernotwiser Posts: 37,425 Forumite
    dmg24 wrote: »
    This is at the discretion of the lender. The mortgage is due to end this year, and only the lender can decide whether it may be extended. Not all lenders would be happy to extend the term when there is only £3000 to be paid, especially when the customer is on benefits.

    The OP really needs to speak to the lender.

    I agree about seeing the lender but I don't see why they wouldn't agree; they're earning money on their loan which is what really matters, regardless of who's paying it.
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