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For example, the amount you could release with a lump sum plan might be different than you would receive with an interest-only one.
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Since LendingTree doesn't generate loans in and of itself, specifics regarding the application process depend on the individual lender.
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For example, if you have £50,000 equity release or retirement mortgage in a £200,000 property, your mortgage would be for £150,000, (75% of its value).
This what is the average interest rate on a lifetime mortgage because the repayment vehicles for a retirement interest-only mortgage (RIO mortgage) are quite standard.
What happens to your mortgage when you release UK equity release calculator will all depend on the method of releasing equity you use.
Similar to other lifetime mortgage schemes, you must be at least 55 years old to qualify for a buy-to-let product.
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