P549 Teletext 549 Sep02 21:04:49
/%pp0pp0pp0s`ppj5 <,,,||||
/l4k5{5#!bsj5 ENDOWMENT 5h7-7hr
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MILLIONS FACING ENDOWMENT SHORTFALL
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 coulb grow
large enough to repay the mortgage by
the end of its term. But, as many are
now seeing, growth has been inadequ te.
Many homeowners face finding thousands
of extra pounds in order to make up for
the endowment shortfall.
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