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Remortgaging my paid up house
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Not at all. I was replying to gwynlas who suggested it was all based on income and age. There are many types of mortgage.carpenter365 said:
Thank you, so with this type of scenario, I am restricted to an equity release mortgage as I note that the interest rates are considerably higher than std remortgage rates?silvercar said:
An equity release mortgage would only worry about property value, and a LTV of only 25% would be fine.gwynlas said:As ever the lender is only concerned about affordability so it would depend on income and age how long you could have a mortgage for.
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