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Life Time Mortgages

Lifetime mortgages or whole of life mortgages are designed for people who want to release the equity that has built up in there property over the years, to invest and create an income that they can rely on in their retirement, typically a product will allow a certain percentage of the equity to be used dependant on age, and the balance can offset the interest due on the loan so no payments will be made during the lifetime of the applicants, the property is sold on the death of the individuals to repay all of the loan.

The above is only a brief explanation of this product; clients who are interested in this type of mortgage would need an individual assessment of their needs and a detailed explanation of how it would assist them.

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Please provide information on what
the Mortgage Loan is required for;