Old Endowment mortgage

F

fifioreilly

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I had an endowment mortgage for 2 years in 1993 to 1995 can I get my money back from it
 
I think you are going to have to explain yourself a bit better to get a response.

Do you mean, ask the mortgage provider for your payments back ?
If so, on what grounds ?
 
My understanding of endowment mortgage is that it is a savings policy that you pay into then at the end of the term you clear you entire loan by the money put in and interest earned over the term of the mortgage. We got a new standard mortgage from a different provider at the time and I want to find out if the money paid in to the endowment for two years is ours to claim at the end of the original term
 
You'd have to ask the life assurance company who issued the endowment policy. The surrender value (if any) is probably an awful lot lower than the amount you put in over the two years as the set-up charges on these policies tended to be hefty in the first year, not to mention the cost of the life assurance cover for the two years.
 
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