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Clarke & Son Blog​

How equity release can help to pay off interest-only loans

Simon Pook, Head of Residential Property

– If you have an interest-only mortgage, you could use equity release to pay off the balance of your mortgage which will enable you to stay in your home without downsizing. Please contact us for advice on equity release.

Older homeowners with interest-only mortgages they cannot pay off at the end of the term are being offered more ways to stay in their homes. 

By releasing equity from a property, it is possible to clear the debt, meaning a homeowner can live there until they die or go into long-term care. 

Read  more: http://bit.ly/2n3x1fO

If you have a query or would like to book an appointment please get in touch with our First Contact team on 01256 320555 or email mail@clarkeandson.co.uk

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