Mortgages

Paying off an Interest Only Mortgage when close to retirement
Equity Release, Financial Services, Interest Only Mortgages, Lifetime Mortgages, Mortgages add comment

Paying off an Interest Only Mortgage when close to retirement

Many people in the UK have mortgages that were arranged on an Interest Only basis many years ago. Lenders are sending letters to their customers explaining that it is their responsibility to repay the mortgage by the end of the agreed term.You may be one of these and unsure how you will do this, especially…

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