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For interest-only mortgages, monthly payments cover only the interest charged on the original amount borrowed.
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Allows you to repay your equity release Interest rates 2023 release plan without an Early Repayment Charge if you repay from the sale proceeds of your property when moving.
According to Moneyfacts , the average fixed rate in October 2022 was 7.55 per cent. You can switch over to refinance loans using the Refinance radio button.
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