In message , Andrew
writes
Sensible people recognised that a standard mortgage paid off some
capital every year, and increasingly after year 10, so the debt
is going down. I have to query the mental state of anyone who
thought that an endowment mortgage was a good idea.
Endowment mortgages were a good idea when the premium was tax
deductable. As soon as that was removed they were a waste of time. But
the providers then upped the commission and mortgage advisors carried on
advising people to buy them
--
hugh