Hi,
BoI previously provided an equity release product, called a "Lifeloan" (essentially an intetest roll up, product).
Does anyone happen to have a copy of the terms and conditions for this product, please?
Amongst other things, I'm wondering:
* Can the loan be repaid, in part or all, without the sale of the property?
* Assuming the answer is yes, are there any penalties, for early repayment?
* Did the Bank create a formal mortgage on each borrower's property, or were some loans granted based on the equitable deposit of title deeds, by the borrower ?
Many thanks,