If you have received a warning letter from your mortgage provider about an endowment shortfall or have any questions about these policies, then ifasw.co.uk can help you. The advisers recommended by ifasw.co.uk are more than happy to discuss the options available to you, without any obligation.

Endowments are in the news because of unfavourable changes in the economic climate, causing the insurance industry to communicate to customers what this means for their mortgage. With the Financial Services Authority overseeing the process, endowment mortgage providers have been sending letters to policyholders advising them of the possible future performance of their policy. For many policyholders, there is a predicted shortfall in the performance of the endowment; The purpose of the letter is to encourage consumers to take action, by making additional arrangements to cover any projected shortfall.

If you are likely to suffer an endowment shortfall, there are three main options for you:
Make changes to the mortgage loan, such as switching the amount of the projected shortfall to a repayment mortgage or converting from an interest only to a repayment mortgage, either with the same lender or a different one.
Start an additional savings plan so that the money saved could be used to pay off any shortfall.
Vary the endowment policy, extending the term of the endowment (and mortgage) or topping up the endowment plan (where permitted by the provider).

Our service to you - ifasw.co.uk will put you in touch with a local financial adviser who will apply their experience to your circumstances. This adviser will of course then advise you on the most appropriate method to solve any endowment problems you may have, but additionally as ifasw.co.uk only recommends independent advisers, if you need to change providers or start another policy, your adviser will only recommend the most appropriate from the whole of the marketplace.

Friendly local experts understand your endowment concerns and would like to help - Just ask us by clicking here!

Your home may be repossessed if you do not keep up repayments on your mortgage.

The FSA do not regulate some forms of mortgage. You can choose how your mortgage adviser is remunerated for giving mortgage advice: They can accept commission from the lender, you may choose to pay a fee of £100 per hour (which is estimated to usually total £1000), or a combination of commission and fees.