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An Interest only mortgage repaid by an Endowment Policy.
An endowment is arranged and premiums are paid to a life assurance company. At the end of the mortgage term, the proceeds of the life policy are used to repay the balance outstanding, although the amount is not guaranteed. The benefit of life assurance cover is included, and you may also receive a lump sum at the end of the mortgage term.
Your property may be repossessed if you do not keep up repayments on your mortgage.
MSOL is a trading name for Mortgage Solutions.
Mortgage Solutions is authorised and regulated by the Financial Conduct Authority for residential mortgages and non investment insurance business.
Loans subject to status - For UK residents only.
The Financial Conduct Authority does not regulate some investment mortgage contracts. Calls may be recorded for training and compliance purposes.
FCA registration number is 303379.
Mortgage Solutions Tel: +44 1305 776311 email:admin@msol.co.uk