Irish Times: Lifeline or life sentence? How equity-release lifetime loans work


Lifetime loans differ from more mainstream equity release products in one crucial way; there are no repayments during the “lifetime” of the borrower.

Seniors Money is currently the only lender offering such a product in the Irish market which it is selling through its new retail division, Spry Finance – launched “as a refreshment of the brand”– although Derek Handley, director with Spry Finance, expects that a player from the UK will likely enter the market at some point.