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IO mortgage with dud endowment - options

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Hi,

We have 8 yrs of our mortgage to run – the shortfall on ourendowment will be @ £25k.

Our current deal ends this month – we are considering our options

1. Take the best current deal, keep paying the endowment but also set up an investment plan for the outstanding amount.

2. Move to a repayment mortgage – in part or in total. Am wary of this – have read some press saying banks are tightening lending requirements to their more mature customers and that some borrowers are being coerced into moving to some form of repayment mortgage.

3. Release some equity from the property, ifpossible – LTV is @ 35%.

4. Extend the mortgage term.

5. Other ?

Any advice is most welcome.

Thx

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