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Unlike ordinary mortgages Endowment mortgages are mortgages where the interest on the principle of the mortgage loan is due. This principal is covered by an insurance policy known as an endowment policy.
In recent times however, and for various reasons many of the uk endowment mortgages have been plagued by shortfalls in recent times. Part of the reason is that policyholders are surrendering them to the issuing insurance companies for ridiculously low prices. The government in Britain recently stepped in with legislation to protect consumers. They have been informed that they may have higher value with a endowment policy selling service. It is really a question of the policy holder being able to find the right buyer for their policy.