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

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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.

https://www.irishtimes.com/business/personal-finance/lifeline-or-life-sentence-how-equity-release-lifetime-loans-work-1.4459418