Annuity linked mortgage UK mortgage definition

UK Mortgage definition

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Annuity linked mortgage

An Annuity linked mortgage is a repayment method aimed to help older borrowers raise capital on their personal dwellings. The annuity raised, using the house as security, typically provides income for the 'annuitant' (borrower), a part of which pays the interest on the loan raised to purchase the annuity.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
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