Wednesday 21 December 2011

What do we do with an endowment that matures before our mortgage finishes? | Money | guardian.co.uk

What do we do with an endowment that matures before our mortgage finishes? | Money | guardian.co.uk

Q Our existing mortgage is due to finish and be paid up in November 2014. We have three endowments that hopefully will pay off the balance. One matures in 2013 and the other two in 2014 – the last by October 2014. We converted part of the mortgage to repayment to address any possible shortfall. What would your advice be on consolidating and storing the money until it is due to be paid to the building society?

A. .....

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