Work Place Pensions

aom said:
haha, now I:love: your nan.

Endowments were an add on to your mortgage. I was mis sold 2 of the c@nts and as a young boy while trying to explain it to me he finally explained that if I didn't get it I would never own my own home. A repayment mortgage is simple enough but with an endowment you pay a slightly less premium as you only pay the interest charge so you always owe whatever you first borrowed. Then you pay this endowment which on maturity would pay off the debt in full and more than likely give you a right wee lift as well, aye right.:mad:
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right so inbetween an intrest only and capital and intrest the extra goes on the endowment, well seem to have worked so far for me mam and dad but fathers a dodgey cant set up a chicken farm wid 2,000 end up costing 250k to build 20 years ago just kept going to diffrent lenders with what the privious lender gave him couldnt get away with it now and supose it took some balls with 4 kids and a wife
 
I would say so, I'm more a simple country boy who likes to keep it simple.
 
haha, wouldn't come of the golf course if it wasn't.;)
 
Straight down the middle me marra, at work and on the course.;)
 
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