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LLB Later Life Borrowing

How equity release interest rolls up over time

With most lifetime mortgages you make no monthly payments, so the interest is added to the loan each year and then charged interest itself. This is compounding. It is the single most important number in the whole decision, so here it is in full.

Amount owed after 20 years

£305,000

Year by year

Loan balance by year
YearBalance owedInterest added so far
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