* * *
endowment mortgage UK US noun [C] UK PROPERTY, BANKING
► a mortgage (= a loan to buy a house) on which you pay only the interest, and also have an endowment (= insurance policy) that is intended to provide the money to pay back the mortgage in the future: »
You are not entitled to assistance on any capital payments, i.e. to pay the premiums on an endowment mortgage.
Financial and business terms. 2012.