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Endowment Mortgage - Cheap Mortgage Deals

An Endowment Mortgage is a savings based mortgage with life assurance. Part of your repayment pays the interest only and the other is invested by you through an endowment policy provider.

These were designed to allow you to pay a smaller monthly premium. At the end of the policy your invested amount should be enough to pay off the balance of your mortgage.

However, many thousands of endowment policy holders are currently claiming compensation for poorly performing mortgages and the mortgage industry is having to pay out millions of pounds compensation.

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Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.

Cheap Mortgage Deals is a trading name of Grovelawn Limited, which is authorised and regulated by the Financial Services Authority.

Grovelawn Limited is Registered in England & Wales number 5030300; Registered Address: 98 Station Road, Sidcup, Kent, DA15 7BY

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The Financial Services Authority (FSA) do not regulate some types of buy to let mortgage, commercial mortgage, overseas mortgage, tax advice and credit or loans not secured on property.

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