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Lower monthly cost - Your monthly repayments will be cheaper on an interest-only basis rather than paying off the capital.
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If you choose to get an estimate via the Telegraph Media Group equity release vs mortgage Release Service , you will receive a 24-page guide with more information.
Aviva's equity release vs reverse mortgage release plan is a lifetime mortgage. Whether they are tied to one lender, limited to a panel of lenders, or offer whole of market advice.
This, in turn, affects the interest rate, as typically the closer you are borrowing to the maximum amount available, the higher the interest rate.
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