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What is a lifetime mortgage? A lifetime mortgage is a financial product designed for homeowners, typically aged 55 and older, allowing them to release equity from their property without the need to sell it. It is a type of equity release scheme, providing individuals with a way to access the value tied up in their...
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Adviser explaining equity release vs lifetime mortgage
In this guide, we’re looking at the differences between equity release and a lifetime mortgage to help you make informed decisions and understand exactly what your mortgage broker is speaking about. What is the difference between equity release and a lifetime mortgage? Equity release and lifetime mortgages are both ways of borrowing money against the...
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