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by TheaGood
on 11/8/15
British retirees face heavy charges and early-repayment fines if they have to sell their home
http://www.dailymail.co.uk/news/article-3193011/Thousands-OAPs-trapped-crippling-equity-debts-Pensioners-facing-crippling-charges-early-repayment-fine-sell-home.html
More than 80,000 couples who took out so-called equity release loans more than a decade ago have found that compound interest charges mean their debt has more than doubled.
SOUNDS LIKE THE OLD BALLOON MORTAGE SCAM OF THE 1980s