Advice needed

schoolsoutforever

Thread deleted as we found our answer. Thank you

Crashandburn

As you intend to live in the property, you need to speak to a specialist in this area ie equity release/home retirement plans. No amount of replies on a forum are going to help as its a very risky area to advise on.

If you have good incomes from the pensions (judging from the user name), then some sort of interest only mortgage with the ability to make payments from your income might be a cheaper start than stacking interest upon interest as with the full blown retirement mortgages. But again, go see a specialist. Plenty of retirement charities have points of contact for this sort of thing