Hi,

I am fortunate to only have a £17,000 endowment mortgage remaining and have 4years left to pay.

I am currently on a tracker interest rate of 1.19% (£18 a month) with the Halifax which expires on the 31st July 2009 which will then switch to the Halifax Standard Variable rate of 3.5% (£50 a month).

I also have two endowments running which i pay £36 + £10 a month.

These expire in July 2013 & July 2014 respectiveley.

Does anyone have any advice on what i should do now ?

If i come into enough money to pay of my mortgage should I do this or should i just carry on paying the standard Variable rate with the Halifax from the 01st August ?

Or should i pay off say half of the mortgage ?

I have also wondered whether i should cash in my endowment policies ?

Am i right in thinking that the endowment at least covers me for life insurance whilst it is running ?

I'm not sure what I should do ?

Many Thanks

Mike