John Williamson wrote:

When I got my endowment mortgage, it was a good idea, as I got tax
relief on the insurance element of the endowment policy, and tax relief
on the entire mortgage payment. The numbers looked very good compared
with a repayment mortgage, with a significantly lower monthly repayment.
Then the government changed the rules.

I was fortunate because when I took out my final mortgage, I had
no need of life insurance. The endowment policy was therefore not
the best buy, and I was saved from later problems.

Chris
--
Chris J Dixon Nottingham UK


Have dancing shoes, will ceilidh.