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Should we take a Lifetime Mortgage (if possible] now or in 2 years time
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Considering your health, age, remaining mortgage term, and property value, the maximum amount you can raise with a Lifetime Mortgage varies depending on the specific terms and lender. Usually these mortgages offer LTV ratios based on your age and property value. For sure consult an advisor or specialist to determine the exact amount you can access. Try looking into "Interest Roll-Up" or "Drawdown" Lifetime Mortgages that allow monthly interest payments and occasional overpayments.
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