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The Financial Conduct Authority (FCA) 4 and the Equity Release Council (ERC) 5 regulate its lifetime mortgages.
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Over 70s may find it more difficult to obtain a mortgage than those aged under 70, as some lenders have restrictions on the age limit for borrowers.
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This will vary according to the lender, the value of your property , your age at outset and the type of aviva equity release for advisers release plan you go for.
Aside from paying off the lifetime mortgage repayment calculator loan entirely, typically, there are three main strategies that can be used to repay a mortgage loan earlier.
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