I have an endowment policy and social security pay my interest as i am in reciept of disability allowence. I could not remortgage as i dont work. Can I sell my house and buy another of the same value or less? How could i do this? Would my payments change?
I don't think you would get a mortgage a
For many people getting the ideal endowment mortgage can be the cause of a huge worry. But the reality is organizing the absolute best endowment mortgage is not nearly as significant a headache as can be suggested when confronted with it for the first time.
Any good or bad points on your cred
Take plenty of advice. You might be better to sell it (called a Traded Endowment Policy or TEP) in the second hand market. If the policy has only been in force a few years it probably has little or no value. To be worth cashing in or selling, a policy needs to be usually 7+ years old.
This might