I have had a £21,000 endowment mortgage since 1988 with 5 years to run. The interest rate has now cut the mortgage down to approx. £60.00 per month.
I have the endowment running along side it but it is in shortfall about £2,000 at the moment.

With the credit crunch being in full swing could anyone advise me if it would be a good idea to re-mortgate to a re-payment mortgage so that the endowment policy would belong to me in five years time. Needless to say the endowment has lost a considerable amount aswell and I wont get back what I expected.

Its a question whether to have the money in my pocket now every month or to have to get a loan later to pay the shortfall.