I had this with the Halifax.

I borrowed £100k to buy a second house. The second house is the investment vehicle to repay the borrowings. The Halifax oriingally said they couldn'taccept a house as the repayment vehicle.

I said that a situation where they would accept a much riskier vehicle such as an endowment policy was rediculous. They went away, thought about it and agreed.

In previous times, banks would ask that any investment vehicle was assigned to the bank so they owned it until maturity,. Now adays that is not the case.

So, you could say you have an endowment policy and the banks would never know.