is your home well endowed?

I recently received an opportunity to review and discuss a UK based website that is all about endowment mortgages. If you are like me, you probably had never heard of an endowment mortgage. At first, I thought it may have something to do with a dowry or something else that it traditionally or historically "English".

However, an endowment mortgage is a mortgage in which the the interest on the principle is due, and the endowment works as a sort of insurance policy that pays off the amount due. The policy holder pays monthly premiums. These types of policies went into effect roughly twenty to thirty years ago, and occasionally incur problems with the full payoff of the mortgage in question.

At this company called Endowment Express, they allow policyholders to sell their endowment for up to 35% more. They explain that their ability to offer this is enabled by the fact that they search for multiple purchasers, including so-called "specialist" buyers.

Think of this as the opposite of those sites that have banks compete for your loans, at least in the UK. Best of all, they offer a free quote with no obligation. If you are UK-based and plagued by the troubles of one of these specialty mortgages, you owe it to yourself to check them out and do some comparison shopping.