If you have a personal pension scheme, a Pension Mortgage may be an appropriate option. A pension mortgage is similar to an Endowment Mortgage except that contributions are made into a pension scheme rather than a life assurance policy. Each month, you pay the interest on the loan plus a contribution to your personal pension scheme. The lump sum generated by your pension scheme is then used to pay of the whole mortgage. The main advantages is all three payments are tax free.
You will also need to have a seperate life assurance policy to cover you in case you die before retiring.
Your home is at risk if you do not keep up repayments on a mortgage or other loan secured on it.