Can equity release be paid off early

A lifetime mortgage is a long term commitment and is not intended to be paid off early. You may be concerned that by taking on a Lifetime Mortgage will leave you with debt for the rest of your life, it’s very common for people to ask, can equity release be paid off early?

Absolutely, yes you can pay back equity release early, you can make partial or full repayment whenever you like. However, It’s important to note that Early Repayment Charges may apply.