👋 Welcome to Information Station 🚂 where we dive into the world of lifetime mortgage plans. Today, we're exploring a fantastic option called Flexible Repayments 🏡
💪With Flexible Repayments, you have the power to make voluntary payments to your lifetime mortgage plan, reducing the overall interest.
🏡It's a great way to manage your equity release wisely.
💸You have the freedom to pay all or part of the interest.
🔄If you pay part of the interest, then it will slow down the overall roll up of interest on the amount you borrow.
💷If you pay the full interest each year, then your debt will never increase
💼 You even have the option to pay part of the capital as well, which would reduce your debt.
😌The best part? You can even skip or stop payments altogether if life gets a bit unpredictable. It’s flexibility at its finest! 🔄💫
🤔Curious to find out more about flexible repayments or other equity release options?
Drop me a comment below 💬 or send me a message 📩. Your question could be featured in my next video!
Thanks for tuning in to ‘Information Station’. Stay informed 🧠, and remember, knowledge is power 💪 when it comes to making decisions about your financial future.
This is a lifetime mortgage. To understand the features and risks ask for a personalised illustration. Check that this mortgage will meet your needs if you want to move or sell your home, or you want your family to inherit it. If you are in any doubt, seek independent advice.
A fee may be charged for mortgage advice, the exact amount will depend on your circumstances.