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The pitfalls of lifetime mortgages are the impact on your estate when you die, and the dangers of roll up retirement interest only mortgages santander.
If you want more information on the different types of lenders, read our advice in the Age Space Equity capital release definition Guide.
In the first one, the woman wanted to take out £78,000 as a lump sum. However, some RIO mortgages have no minimum what is aviva equity release requirement.
You may be hesitant to get a 15-year mortgage, or, worse yet, another 30-year mortgage that would leave you with housing payments into your 70s or 80s.
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