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As lifetime mortgages are designed for the long term, if you repaid your lump sum lifetime mortgage early, you may be subject to a penalty.
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Based on aviva equity release contact number Release Council product standards , lifetime mortgages must have a fixed interest rate. No. This is a key advantage of equity release.
An affordability assessment will be done that'll take into account your monthly expenses, your age, and your ability to earn an income.
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For more information read our guide: " How to release aviva equity release phone number in your home - Equity release mortgages explained ".
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