The fees cover the set up of the equity release plan and the legal costs involved.
This is not the case with a retirement interest-only mortgage.

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I could not qualify for other mortgage deals because of the upper age limit that most lenders have with standard mortgages.


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This is subject to Aviva equity release terms and conditions, including a maximum annual repayment of 10% of the amount you have borrowed.



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The popularity of lifetime mortgages has increased substantially due to the flexible add-on features these plans can have built into them.



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