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While the property may be sold to repay the money owed; it is the executors of your will who will deal with repayment to the lender.
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For this Aviva equity release calculator money saving expert Release review, the information to follow relates to the lifetime mortgage range specifically for over 55s.
Some interest-only mortgages require a lump-sum payment at the end of the loan term. After all, that's what mortgages are for.
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