ENJOY FLEXIBLE REPAYMENTS WITH A LIFETIME MORTGAGE

ONE OF THE BENEFITS OF EQUITY RELEASE is that there is no requirement to MAKE REGULAR REPAYMENTS IF YOU DO NOT WISH TO, AS ANY MONEY RELEASED, PLUS ACCRUED INTEREST, IS REPAID WHEN YOU PASS AWAY OR MOVE INTO LONGTERM CARE. THIS CAN PROVIDE YOU WITH GREATER FLEXIBILITY IN YOUR MONTHLY COMMITTED FINANCES. HOWEVER, IF YOU DO WISH TO MAKE REGULAR REPAYMENTS THIS IS ALSO AN OPTION, AND IT COULD HELP REDUCE THE AMOUNT OF INTEREST THAT ROLLS UP OVER TIME. PLUS, THERE ARE ALSO PLANS THAT MAY ALLOW YOU TO MAKE VOLUNTARY PAYMENTS SUBJECT TO CERTAIN LIMITS, BUT EARLY REPAYMENT CHARGES MAY APPLY ABOVE A SET VALUE.