If you are wondering why lenders don't do Life Loans anymore...

Brendan Burgess

Founder
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Hi Branz

Are you saying that they had a sort of reverse mortgage?

The bank lent them €500 every month and so their mortgage increased by that amount plus interest.

There was no initial large loan given?

I have suggested that before but I understood that it was very difficult for the banks to do this.

Brendan
 
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