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You use a lifetime mortgage calculator by entering the age of the youngest applicant, the property valuation, and a few other small details.
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The homeowners are then given a lifetime tenancy that enables them to live rent-free in the property for the rest of their lives.
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We do not also provide quotes, advise or sell products directly to consumers, nor are we a Financial Conduct Authority (FCA) Licensed Agent or Broker.
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But it's worth noting that, if you take a lifetime mortgage out, your lender will fix your interest rate at that moment.
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These are the three, basic criteria that lenders use when determining how much they are prepared to let you borrow.
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