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Endowment Mortgage Shortfall

Endowment Mortgage Shortfall: Contact National Residential for Help

Since the 1980s and 1990s, thousands of endowment policies have failed to mature as expected, leaving homeowners struggling to make final mortgage repayments due to significant shortfalls.

If you’re facing an endowment mortgage shortfall and don’t have savings or other means to cover it, extending the term of your mortgage may be an option if you have a regular income. However, if this isn’t feasible, you may be forced to sell your property to release its equity.

Downsizing to Repay an Endowment Mortgage Shortfall
If the value of your property has increased significantly, you might be able to downsize—selling your current home, repaying the shortfall, and buying a smaller property outright.
Continue reading Endowment Mortgage Shortfall

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