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Equity Release schemes,?
has anyone found one which allows payment of interest and repayment of capital if circumstance allow?
2 Answers
- 1 decade agoFavorite Answer
By Equity release do you mean Lifetime mortgages for those over age 55. If so you need to speak to an independent mortgage adviser who is qualified in that area, The most popular are interest 'roll up' schemes, but there are a few which allow for interest to be paid. There are normally penalties applicable for early repayment in the first 5 - 10 years.
If you did not mean that, please explain more.
Source(s): Independent Mortgage adviser ( CeRER ) www.asfinancial.eu
