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Ideal for borrowers over the age of 60 who are looking to improve their lifestyle by accessing the equity in their home. Borrowers can be lent an amount of cash against the agreed value of their home and, unlike other loans, borrowers do not need to make repayments during the life of the loan. When the loan ends you, or your estate, must repay what's owing, usually out of the proceeds of the sale of your home.
To see if the product is suitable it would be best to contact one of our accredited consultants.
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