Endowment mortgages have taken another bashing with NatWest Life pulling out of the controversial home-loan investment plans.
Natwest is following Pearl Assurance, Halifax and HSBCs withdrawals from the endowment market.
Just 5 per cent of new mortgages currently being sold by the bank are endowments. About half its 280,000 customers already hold endowment-linked loans.
The reputation of endowments took a battering in Decemeber when it was revealed shortfalls for nearly £3m policyholders may force them to pay top-up fees.