Endowment mortgages could leave borrowers up to £95bn short of the money required to repay their loans over the next decade.
According to research by insurance industry analyst Ned Cazalet, 90%of endowments in force will fall short by an average of £11,000.
The highly respected analyst says half are failing to reach their target.
The failure rate will increase over the next few years, with the peak problem year being 2013 when around 1.6m endowments are due to mature 25 years after the 1988 market peak.
References: Financial Times 04/10/03 page 1
