In today's Metro
Yes, we were "helped" by nice financial "advisers" with a few "low cost" endowments in the early years. A small one fell about 30% short, but we sold off 2 Standard Life ones for more than their face value with 6/7 years to go; someone probably took a bath on those! With the final one I did it myself and looked into all the fine print which was astounding; the different companies calculated that you would pay back the mortgage with anywhere between 12% (cheapest) and 4% (most expensive) return. I went for the most expensive one (4% return) and eventually managed to get an extra £15K at the end. Fortunately, my days of mortgages are over.
Took this offer and rate up last year, but it was with free legal/solicitor
Lol. Bring back the endowment mortgages... Financial advisors used to love them with all that juicy commission, home owners less so. Especially when the endowment matured and wasn't enough to pay off the balance. 80's madness.
Hahaha, great advice cheers for this, I was just curious if anything has changed i've been riding that base rate for a number of years which has provided great with this type of mortgage, but coming to the end so wondered if anything has changed.