Friday, March 09, 2007
UK Endowment - Sponsored Message
What do you know about Endowment Mortgages? Endowment mortgages are mortgages where the interest on the principle of the mortgage loan is due. The principle of the loan is covered by a type of insurance known as an endowment policy. The endowment policy ensures the mortgage holder will be able to pay off the loan when it comes due. In the UK these kinds of loans are called uk endowment. The problem with these kinds of mortgages is that they do not cover enough to actually cover the cost of the mortgage. Many of these policies, especially in the UK, leave the policy holder stuck between a rock and a hard place when it comes time to deal with the insurance company. This situation led the UK government to step in and issue legislation to protect consumers by informing them that they may have higher value with a endowment policy selling service.
Posted by Tori Thompson at 2:43 PM