Ask the Money Doctor: John Lowe on family finance

Question: We took out a Scottish Provident endowment mortgage 24 years ago and we have six years left on the term. The investment is not going to fully repay the amount borrowed – we’ll be short by about €13,000. We wonder if we should cash in now, and make some agreement on the balance?

*Paul, Waterford*

**Answer:** The original idea, of course, was to maximise the tax relief on the mortgage while at ...