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Clerical Medical rolls out mortgage endowment plan

Clerical Medical is rolling out a unit-linked mortgage repayment plan, claiming it is the most flexible on the market.

The Flexible Mortgage Plan offers customers the option of paying premiums in four different ways.

There are low start, level and increasing premium options. There is also an additional investment option which allows customers to pay extra in the hope of saving more than is necessary to pay for the mortgage.

IFA commission varies depending on which mortgage plan is chosen. But Clerical pays initial commission of between 25 per cent and 33 per cent of monthly premiums for between 16 and 38 months. It pays renewal commission of up to five per cent.


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