Up to 360,000 families may be forced to sell homes this year as endowment policies fail to deliver | Mail Online

Up to 360,000 families may be forced to sell homes this year as endowment policies fail to deliver | Mail Online

Up to 360,000 families may be forced to sell their home this year because record numbers of endowment policies have failed to deliver.
In many cases, these homeowners are seeing endowments fall £100,000 short of what they were promised.
Many who have saved loyally for 25 years will get a payout of little more than £25,000 — far short of the capital they owe on their home.
With banks and building societies increasingly reluctant to lend to those approaching retirement, many will be forced to sell their homes or dip into savings .....