You have to write and ask them for a moratorium on interest...but if you had no endowment for years how exactly are you going to pay off the mortgage? How come the bank didn't know that your means of repayment no longer existed? The interest accrues as soon as you default on an endowment policy, and this interest balance increases very rapidly. If this has been going on for years and you have a 100% mortgage, I dread to think what the balance is. Even with substantial equity in the property you may find yourself in a significant shortfall position.(posted 7747 days ago)