Yeah, this. Although in my case I wish I'd kept the endowment policy on my first place :)

We got a lot of trouble when we bought our flat in London because I wasn't prepared to borrow as much as they wanted to lend up. We ended up with a mortgage that was less than 150% of joint income and they wanted to offer us 4-5 times income...

The day after I bought my first home the interest rates went from 10% to 15%... which taught me a life lesson about interest rates.