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10 or 15 years ago it would be very much be a one-size-fits-all approach - typically a lump sum, roll-up halifax retirement interest only mortgage rates lifetime mortgage.
A typical lifetime mortgage allows you instant access to a lump sum equivalent to the equity you're releasing.
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You'll have to pay off any outstanding mortgages or loans secured against your home at the same time as taking age partnership equity release release.
An interest-only mortgage requires payments just of the interest — the cost of borrowing money — during the first years of the loan.
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