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Mortgage Advice Bureau Later Life have a free calculator that can give you you a quote of how much you could release.
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RIO mortgages are available from a younger age (around 50). Often used to help tax planning and interest rates on the money can be appealing.
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Typically, most people release equity up to a maximum of £100,000. In exchange for the cash payment, the lender gets a proportion, or all, of your property.
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Loan term (years) - This is the length of the mortgage you're considering. Here's a comparison between a standard mortgage and a lifetime mortgage.
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