0 an arrangement in which you have an endowment policy that provides the money you need in order to buy a house --
1 a mortgage (= a loan to buy a house) on which you pay only the interest, and also have an endowment (= insurance policy) that is intended to provide the money to pay back the mortgage in the future: --
If he has an endowment mortgage of £15,000 his tax liabilities are reduced by about £1,400.
I draw attention to a further absurdity of the market's response to the present endowment mortgage scandal.
An endowment mortgage does not affect the recalculation of benefit.
Often, the biggest single issue facing a mortgagor is whether there should be an interest-only mortgage or an endowment mortgage.
In addition, they offer a panel of three leading life office products to support endowment mortgage business.
A couple who came to see me recently—a manual worker and his wife—purchased an endowment mortgage in the 1980s to buy their council house.
The endowment mortgage will not be considered either.
I am thinking of the insurance endowment mortgage, where all payments are made on interest, and ordinary repayment mortgages.
