understanding financial jargon
Low Cost Endowment Policy
A common investment product sold alongside interest-only mortgages throughout 1980s, the Low cost endowment policy was designed to provide enough money to repay the capital borrowed at the end of the mortgage term. Mis-selling scandals and poor investment performance of this type of product has more or less killed it off as a mortgage repayment method.
What to do if you need more help
If you need more help with your specific commercial loan, mortgage or insurance requirement please speak to a professional financial adviser.
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