Quote Originally Posted by Arthritic Toe View Post
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My memory is a bit fuzzy - but I thought when you remortgaged, you basically just took out a further endowment to add to the original one, but both had a fixed maturity date. You could keep doing that ad-infinitum, but to switch to repayment would mean terminating the endowments early, incurring the penalties. There were probably various different schemes though.
I was involved in mortgage sales in the late 80s and 90s - the loans and life (endowment) policies, although linked at the time of initial approval, were typically independent products and could be treated separately at a later stage