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๐Ÿš‚ Information Station ๐Ÿš‚

Updated: Jan 23

Adding or Deducting Lifetime Mortgage Fees ๐Ÿ‘‹ Welcome to Information Station ๐Ÿš‚ where we dive into the world of lifetime mortgage plans. Today, let's discuss an important aspect that offers flexibility when it comes to fees, which is the option to add fees to the loan amount or deduct them from the loan amount. ๐Ÿก๐Ÿ’ผ Have you ever wondered how you would the manage the upfront costs associated with a lifetime mortgage? This feature provides a solution! With this option, if you don't have sufficient funds to pay for fees separately, you can add them onto the loan amount. This means you can access the equity you need without worrying about out-of-pocket expenses. On the flip side, you can deduct the fees from the loan amount, this will reduce the overall amount that you borrow and potentially save on interest over time. ๐Ÿ“Š๐Ÿ’ฐ It's all about tailoring your lifetime mortgage plan to your unique financial circumstances. Curious to learn more about adding fees to the loan amount or deducting fees from the loan amount, or other equity release options? Drop a comment in the box below ๐Ÿ’ฌ or send me a message ๐Ÿ“ฉ. Your question may be featured on my next video! Thanks for tuning in to Information Station, Stay informed ๐Ÿง , and remember, knowledge is power ๐Ÿ’ช when it comes to making decisions about your financial future. Until next time! ๐Ÿš‚

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.

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