Enjoy flexible repaymentsments
The benefits of a lifetime mortgage gagemean mean that you don’t have to make any y monthly repayments, as the equity released, ased, plus the accrued interest, is repaid when en you die or move into long-term care.
However, making regular repayments ayments helps reduce the amount of interest st that rolls up over time. Plus, there are also plans that allow you to make voluntary early repayments subject to certain limits, but charges may apply above a set value.
When it comes to releasing equity from your home, you are required to take advice. Mail Finance can provide access to a whole-of-market equity release service.
A no-obligation, personalised illustration will help you understand how much you could unlock, and the features and risks. Initial advice is provided for free and without obligation. Only if your case completes would an advice fee of £1,995 be payable. Other lender and solicitor fees may apply.
Equity release may involve a home reversion plan or lifetime mortgage, which is secured against your property and will reduce the value of your estate and impact funding long-term care.
To request your FREE guide or to find out more, call freephone 0808 239 3421
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