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A lifetime mortgage allows homeowners aged 55 and over to access some of the equity in their property without having to move.
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A retirement interest-only mortgage (RIO) is a type of home loan available to borrowers over 55. With a RIO, you repay interest monthly.
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No, Barclays retirement interest-only mortgage loans currently don't exist. The lender will also verify your down payment and funds for closing.
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