There's no need to make any monthly interest payments.
No, you do not have to pay tax on equity release.
Also, consider retirement interest-only Rio deals.
Yes, Age Partnership Pensioner Mortgages are
2.2% APR.
No monthly payments and no interest charges, ever.
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Yes, Aviva mortgages over 70 are 1.97% APRC.
RIO mortgages are generally more available.
A lifetime mortgage could affect your tax position.
This is similar to the standard lifetime mortgage.
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