Brendan Burgess
Founder
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I find the Spry Finance website complicated so this is my summary of it.
If you are at least 60, you can take out a Lifetime Loan from Spry Finance. There are no other providers in the Irish market which is a pity.
You do not have to make any repayments, they will roll up the interest.
The interest rate is fixed for the duration of the loan - it is currently 6.7% (or 6.5% if you qualify for a Green rate)
The maximum you can borrow is set out in the following table. If a couple owns the house, it is the age of the lowest person which counts.
If you are at least 60, you can take out a Lifetime Loan from Spry Finance. There are no other providers in the Irish market which is a pity.
You do not have to make any repayments, they will roll up the interest.
The interest rate is fixed for the duration of the loan - it is currently 6.7% (or 6.5% if you qualify for a Green rate)
The maximum you can borrow is set out in the following table. If a couple owns the house, it is the age of the lowest person which counts.
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