Equity release can be a good way of releasing money built up in a home’s equity. So for those who have an interest-only mortgage and are thinking about using equity release to pay off an interest-only mortgage, we’ve looked at whether this is possible.
Is equity release a good way to pay off an interest-only mortgage
While equity release can be a good way for older homeowners to tap into the wealth they have built up within their homes, many will have concerns about how it will impact the inheritance they leave behind.
Many homeowners will have concerns about how equity release impacts the inheritance they leave behind.
BALANCED. Moneyfacts.co.uk is entirely independent and authorised by the Financial Conduct Authority for mortgage, credit and insurance products.
FREE. There is no cost to you. Our service is entirely free and you don't need to share any personal data to access our comparison tables.
TRANSPARENT. We only receive payment from product providers and intermediaries for quick/direct links and adverts through to their websites.
COMPREHENSIVE. We research the whole market and scour the small print so you can find the best products for your needs.