Based on an interest rate of 2.73% from more2life, the amount owing - loan plus interest - would be £102,452 after 10 years.



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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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