Posted on 10 January 2013 by Tracey
I have 4 years left on a endownent policy and want to remortgage. Should I consolidate all of it to repayment or keep the endowment(it will cover the balance it was taken out for) and just have the new balance on repayment?
A lot of what you decide to do will be down to the monthly payments you will be comfortable paying. You could look to just move the shortfall amountv to repayment or move the entire amount over to repayment, it really does depend on the afforadbility, and without exact figures it is impossible to offer you any further guidance.
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