EQUITY RELEASE LIFETIME MORTGAGE EARLY REPAYMENT CHARGES EXPLAINED

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There are two types of Equity Release; Home Reversion Plans and Lifetime Mortgages. Home Reversions involve a change of ownership of the property and so there is no debt to pay off. However, Lifetime Mortgages are mortgages on the property which are designed to run for the life of the borrowers. If they are repaid in circumstances other than the death of the […]

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