Text for Report on Title
ROT: Retirement Interest Only Mortgage
- Change date
- 25/08/2025
- Word count
- 289
- Deployment measure
- 7/10
Rationale
Proposed draft wording explains that the loan is interest-only until certain “Life Events,” after which the full amount is repaid usually from selling the property, with any shortfall covered by the borrower or their estate.
The Mortgage Product that you have accepted and the loan which has been offered to you is on a "Retirement only interest" basis. This means that you will only make
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