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You aren't required to pay back any of your equity release interest rates 2022 uk release loan during your lifetime, or at least not until you go into long-term care.
If you've been longing to travel the globe, or book a round-the-world cruise, a lifetime mortgage could allow you to do it.
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Help your family get a deposit for their own home or pay off your debts like loans and credit cards, so you have lower monthly outgoings.
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When the house is sold the sale proceeds will be used to pay the estate agent's and solicitor's fees and then the mortgage loan plus accrued interest.
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