No, Barclays retirement interest-only lifetime mortgage explained loans currently don't exist.
But the other reason is to borrow additional money on the new mortgage.

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With a lifetime mortgage, you and your partner will remain the sole owners of your home until you both pass away or go into permanent care.



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Most interest-only loans are structured as an adjustable-rate mortgage (ARM) and the ability to make interest-only payments can last up to 10 years.


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