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If there is a current mortgage on the property that you wish to use as security for your lifetime mortgage, then please enter the outstanding balance.
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There what is a retirement interest only mortgage theoretically no upper property valuation limit, but having said that, some lenders do impose maximum values to protect themselves from risk.
Home reversion schemes are no longer very popular, given the rise in popularity of lifetime mortgage products, but they do still offer some benefits.
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We advocate you only take as much money as you need to keep interest only lifetime mortgage calculator rates to a minimum. EXCLUSIVE - rates & offers from leading equity release providers.
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