P549 Teletext 549 Sep02 20:32:31
/%pp0pp0pp0s`ppj5 <,,,||||
/l4k5{5#!bsj5 ENDOWMENT 5h7-7hr
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MILLIONS FACING ENDOWMENT SH/RTFALL
Endowment mortgages were most popular
in the late 1980s when the stock market
had shown sustained growth.
Homebuyers believed combined life cover
and investment policies could grow
large enough to repay the mortgage "y
the end of its term. But, as many are
now seeing, growth has been inadequate.
Many homeowners face finding thousands
of extra pounds in order to make up for
the endowment shortfall.
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