Lifebuoy or life sentence? How discharge life loans work
They may have been out of the market for a while, but lifetime loans – a form of freeing up capital – are making a comeback, giving older homeowners the ability to free up some of their home’s value without having to to repay the loan until their death or sale. the property.
After having stopped lending in 2012 following the last financial crisis, Seniors Money is accelerating its return to the market. It is the only player at the moment and hopes, he says, to benefit from significant “pent-up” demand.