What Can I Do To Make Up An Endowment Shortfall?

If your endowment policy is predicted to fall short of the original amount predicted, including that required to pay off your endowment mortgage at the end of its term, you should receive a letter informing you of this in advance from your policy provider.  You should then take immediate steps to try to make up the shortfall and so protect your home and your savings.  One way towards this might be to claim for compensation from your policy seller if you believe you were missold the policy, for example because you were not made aware of the risks involved.  Another option is to sell the policy to a finance company - though its saleability is dependant on certain factors like the current age of the policy and its surrender value.  You could look at converting the part of your mortgage that's not now going to be covered by the endowment mortgage to a repayment mortgage or indeed converting the whole mortgage to a repayment one.  You might also consider suspending your payment of endowment premiums and looking at other ways to invest your money.  The measures you take will depend on your particular situation and you should take independent financial advice before acting.