My first mortgage, aged 21, was an endowment. That was 45 years ago, and I think after several years I changed it to a repayment type. I can’t remember any specifics, but I do know that aged 30, after paying into a private pension for about 5 years, I stopped the private pension and diverted the pension payments into mortgage payments, bought a much larger gaff outside of a crabby Bradford estate and kept moving in a NW direction.
I think I was sold the wrong type of mortgage initially, but at that age my thoughts weren’t focused on finance, only girls and sport.
Mustn’t grumble
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