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Financial giant Legal & General has announced it will offer retirement interest-only mortgages from early next year


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HOLA441

https://www.thisismoney.co.uk/money/mortgageshome/article-6181619/Retired-looking-mortgage-L-G-set-launch.html

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Financial giant Legal & General has announced it will offer retirement interest-only mortgages from early next year, bringing hope to thousands of trapped borrowers. 

L&G Home Finance managing director Steve Ellis told This is Money that the lender is now engaged in customer testing and revealed the provider's intention to launch a range of retirement interest-only deals in 2019. 

The range will cater for customers stuck on old interest-only deals who are looking to remortgage, as well as those who want an alternative to equity release, where they can continue to make monthly repayments rather than seeing debt grow.

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Repeat.

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