HOME | Definition of endowment mortgage (ENDOWMENT MORTGAGE, Endowment mortgage)
where people only pay for the interest on the loan. Instead of paying anything off the loan itself every month, they put money into a with-profits ...
http://www.bba.org.uk/bba/jsp/polopoly.jsp
An endowment policy is taken out by the purchaser which, on maturity, should at least equal the amount of the mortgage loan. The policy premium is paid together with interest on the amount borrowed. ...
http://www.johndean.co.uk/glossary.htm
This type of mortgage sees the borrower making repayments that cover the lender interest costs only whilst at the same time contributing to a separate endowment policy that is designed to mature to the value of the loan capital at the term of the loan in order to pay the lender the initial loan ...
http://www.loan-seeker.co.uk/loan-glossary.php
The most popular method of repayment in recent years, until it declined in the early 1990’s. The borrower pays interest to the lender and hopes that an endowment policy will repay the capital at the end of the agreed term. ...
http://www.tbh1.com/index.php
An endowment mortgage is a mortgage loan arranged on an interest-only basis where the capital is intended to be repaid by one or more endowment policies. ...
http://en.wikipedia.org/wiki/Endowment mortgage