15 Aug 2018
The roll-up of interest is a common concern for some clients taking a lifetime mortgage, especially if they are looking to leave an inheritance for their loved ones. There may be a solution!
With some lifetime mortgage plans, clients can choose to pay part or all of the interest each month, this feature is called 'interest serviced'.
The interest payments are not compulsory so if a client decides they do not want to make these payments anymore, the plan can be converted to interest roll-up.
If you have clients concerned about the impact of equity release on their estate, don't forget to check out our Remaining Equity Calculator. If you would like to discuss a potential case call us on 0800 138 1663 or fill out the 'request a call back form' and we will contact you at your chosen time.