Investment Vehicles

There are a number of other options you can use to repay your mortgage. In the past endowments were popular due to the fact that they normally included some form of protection within the premiums, and there was a possibility of repaying the mortgage early or producing a lump sum on maturity.

There are a number of other options which became available, including ISAs, PEPs, unit trusts, pensions and other investment vehicles. Whilst these all give the same advantages as endowments, the main disadvantage is that they all rely on investment performance to some extent. If the returns are lower than expected, the borrower will have to find the extra money to repay the mortgage at the end of the term, or even ask the lender to extend the mortgage term to allow the investment vehicle time to increase in value.

Repaying Your Interest Only
Mortgage Lump Sum or Regular Overpayments
Offset Mortgages

Return to mortgage types

The above advice was produced by Mr Manish Patel (BA hons), if you require any further information or have any questions regarding financial advice, please feel free to contact him. Email financial advisor

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