An endowment is a financial product that, in the past, was commonly sold as a way to pay off
mortgage capital. The holder would pay a monthly sum into a fund which was linked to the financial
markets. The theory was that, upon maturity they would then have benefited from the rise in
value of the stock market and the sum would pay out in cash to cover all or part of their
mortgage.
An endowment is a financial product that, in the past, was commonly sold as a way to pay off
mortgage capital. The holder would pay a monthly sum into a fund which was linked to the financial
markets. The theory was that, upon maturity they would then have benefited from the rise in
value of the stock market and the sum would pay out in cash to cover all or part of their
mortgage. 