Hello, my mortgage lender has requested proof that we will be able to pay off our endowment mortgage in 2017. We have paid monthly since 1992 with out default. I submitted details of my and my wifes income, pension details (final salary) and endowment details (in the red but 4 years to run). I stated that we would use either pension lump sum, personal loan, savings to make good any endowment shortfall. What's troubling me is; we signed an agreement in 1992, have met our monthly payments faithfully for the last 21 years but now the lender is wanting personal financial detail from us. The letter they sent us states that if we can't satisfy their request they could force us onto a repayment mortgage. Is this normal? If we fail to pay off the mortgage then by all mean chase us for the money but why this sudden demand for our financial details. Thanks.
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