A mortgage arranged on the basis that the capital borrowed will be repaid from the proceeds of an Endowment policy.

A mortgage funded by an insurance-based savings plan, which may give you a bonus payment or additional returns by the end of the loan's term if it performs well.

a form of interest only mortgage

a mortgage loan combined with a separate savings scheme in the form of an endowment policy

a Mortgage whereby you take out an endownment policy with an insurance company which is held parallel with the Mortgage

an interest-only deal

a savings based mortgage with life assurance to protect the capital owed

a type of interest only mortgage where the borrower also takes out an endowment, investment policy or pension from a life assurance company

This is an interest-only mortgage, which should - all being well - be repaid by the proceeds of an endowment policy.

An interest-only mortgage linked to an endowment policy. Two payments are made each month, one to pay the cost of the interest charges on the mortgage, the other being the premium on an "Endowment policy".

A mortgage linked to an insurance policy, which is intended to repay the capital sum on maturity.

An interest-only house purchase loan. With an associated endowment policy. The aim is to pay the outstanding capital at the end of the term and provide life assurance for the value of the capital on death before maturity. However for most endowment policies the final sum and repayment is not guaranteed.

A mortgage whereby the mortgagee accepts interest only during the period of the loan and repayment of the capital is made from the sum produced on the maturity of an endowment insurance policy.

( more) - type of interest-only mortgage where an endowment policy is taken out to pay off the remaining debt at the end of the mortgage term.

With an endowment type loan, your repayments cover only the interest on the amount you have borrowed. Therefore every mortgage repayment you make is interest only. To clear your loan at the end, you take out an Endowment Assurance policy at the start and make separate payments into this policy. Your life assurance company invests the payments you make into the Endowment Assurance policy. This money builds over time, with the objective of being large enough at the end of your mortgage to clear your mortgage loan in one go. If your Endowment Assurance policy performs well, you may even have some extra money left over after your mortgage has been cleared. The performance of an Endowment Assurance policy is not guaranteed, so we advise anyone with an Endowment Assurance Policy to contact their life assurance company from time to time to check on the performance of their policy.

This is an interest only mortgage where you pay into an endowment policy in the hope it will pay off your mortgage balance at the end of the mortgage term. This has proved to be unreliable in recent years.

A savings investment policy to pay off the remaining debt at the end of the mortgage term.

An interest-only mortgage where the means of repayment is an endowment policy.

This is a type of interest only mortgage. Only interest is paid throughout the term so the balance never changes. The mortgage is designed to be repaid at the end of the term with the proceeds of an endowment policy.

This is a mortgage where interest only is paid and the proceeds of the endowment policy when it matures will repay the mortgage. The most popular type of endowment is the low cost endowment, which is designed to repay the mortgage as long as certain investment assumptions are met. The endowment does not guarantee to repay the mortgage. As well as being an investment vehicle the endowment policy will also include life assurance and may include critical illness and other benefits for the policyholder.

With an endowment mortgage you take out an assurance policy which on maturing is intended to repay the mortgage either on death or at some future date. In the meantime only the interest portion of the mortgage is paid off. Nothing is paid off the principal until the policy matures. As the performance of the policy may not be guaranteed, there is a risk of a shortfall as well as an overage or surplus on maturity.

Mortgage policy where the interest portion is paid off. The principal is not paid until the policy matures.

A type of mortgage where your payments cover the interest cost only. You need to take out an Endowment Policy to pay off the loan at the end of its term.

An interest only mortgage supported by an endowment policy. During the term of the mortgage only interest on the mortgage is paid to the lender. At the same time premiums are paid into an endowment policy which is designed to mature at the end of the mortgage term. The proceeds of the endowment policy are designed to repay the mortgage debt, although with a low cost endowment policy it is not guaranteed that the proceeds will be sufficient to repay the debt. In addition to providing the investment to repay the mortgage debt the endowment policy will also include life assurance which will repay the mortgage debt in the event of the death of the policyholder within the policy term.

For this type of mortgage, the borrower only pays the interest throughout the term of the mortgage. At the same time, an endowment policy is taken out with the aim that, by the end of the mortgage term, the proceeds from the endowment will be sufficient to repay the capital element of the mortgage in full. Over the past few years, it has become clear that the ability of many endowments to meet the capital repayment requirements of this type of mortgage will be severely tested. WE WOULD THEREFORE STRONGLY ADVISE THAT YOU TAKE INDEPENDENT FINANCIAL ADVICE BEFORE TAKING OUT ANY ENDOWMENT POLICY.

Sometimes used to describe an interest only mortgage supported by an endowment policy.

Type of mortgage where monthly payments are made into a endowment (life assurance) policy. The loan is paid off in one lump sum at the end of the loan period.

An interest only mortgage, which requires an endowment policy to be assigned to the lender (these policies have come in for criticism in the last few years, homeloans do not process endowment mortgages).

A mortgage covered by a policy that is designed to pay off the capital owed on the mortgage by the end of the term of the mortgage

INTEREST ONLY IS PAID TO US ON THE AMOUNT YOU BORROW - IN ADDITION YOU PAY LIFE ASSURANCE PREMIUMS TO A LIFE ASSURANCE COMPANY FOR A POLICY WHICH IS DESIGNED TO REPAY YOUR MORTGAGE AT THE END OF THE TERM OR ON YOUR DEATH.

You only pay interest to the lender, but you also have to pay a monthly premium for an endowment policy that you take out with an insurance company. The endowment policy is designed to produce a lump sum either at the end of your mortgage term or at your death if earlier, to repay the capital you borrowed. You must remember though that the amount paid out is not guaranteed and may not be sufficient to repay the capital borrowed.

An endowment policy is taken out by the purchaser which, on maturity, should at least equal the amount of the mortgage loan. The policy premium is paid together with interest on the amount borrowed. On maturity the loan is discharged from the proceeds of the endowment, any extra being a bonus for the policyholder. Such policies are the subject of some bad press at present as many are not performing well and will not be sufficient at present rates of growth to pay off the loan.

A mortgage funded by an insurance-based savings plan. The borrower only pays interest during the mortgage term and the savings plan is designed to repay the mortgage at the end of the mortgage term. As the returns payable under the savings plan depend on stock market performance, shortfalls and in some instances overpayments can occur.

Essentially an interest only house purchase loan where the outstanding capital will be repaid at the end of the term out of the fund accumulated under an endowment policy.

Your monthly repayments only cover the interest on the amount you have borrowed. You must also take out an endowment policy with a Life Assurance Company to which you make separate payments. In theory, at the end of the term of the loan the proceeds of the life assurance policy should be sufficient to clear the principal amount borrowed.

An interest-only mortgage ultimately repaid by the proceeds of an endowment assurance policy which is assigned to the lender providing the mortgage. The policyholder pays the lender's interest only, for the term of the mortgage. The sum assured, which is payable on maturity or prior death of the policyholder, is used to repay the mortgage. Policies are usually with profits, (or low cost endowment), unit linked or unitised with profits and sometimes this provides some additional capital for the policyholder after the lender has been repaid.

Interest is paid to the lender each month. A payment is also paid into a savings/investment policy each month. The loan is repaid at the end of the loan period from the proceeds of this policy. Contact NMS Mortgage Broker in Ireland.

This is an interest only mortgage where the borrower pays into an endowment policy in the hope it will pay off their mortgage balance at the end of the mortgage term. This is not so popular in recent years.

A mortgage with an interest payment and a separate payment into an endowment investment product designed to repay the mortgage at the end of the term.

See Interest-Only Mortgage.

An INTEREST-ONLY mortgage where an endowment policy is earmarked to repay the capital at the end of the mortgage term. Different lenders take varying degrees of interest in the endowment policy itself. The trend is for lenders NOT to take assignments on the policies, but to treat borrowers as responsible adults who will make adequate provision to repay the mortgage at the end of the mortgage term.

The most popular method of repayment in recent years, until it declined in the early 1990's. The borrower pays interest to the lender and hopes that an endowment policy will repay the capital at the end of the agreed term. The most common method used in the past has been the low cost, with-profits endowment, though the borrower can buy a fully guaranteed version.

An endowment mortgage is a mortgage arranged on an interest-only basis where the capital is intended to be repaid by one or more endowment policies. The phrase endowment mortgage is used mainly in the United Kingdom by lenders and consumers to refer to this arrangement and is not a legal term.