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Full Circle
Full_Circle
Posts: 2 Newbie
We bought and paid for our home the normal 25 year mortgage way.We needed to raise some monies so a few years ago opted for a Lifetime Mortgage and now we are feeling the effects of making that judgement.We now owe with compound interest over 30% of our property to the providers and getting an annual statement of four figures and rising year on year of the extra interest accruing.We are paying what we call a virtual mortgage on a property we will never own 100% of.Full Circle
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Are you asking a question?I am a Mortgage AdviserYou should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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And your point is .... ? You were expecting free money ?0
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