The extra cash flow could be a huge benefit. But just imagine the peace of mind you could have by fixing your interest rate for the next 50 years at say 3.5%
It does not matter if you've just been discharged from a bankruptcy, or you have an IVA or a debt management plan. Lifetime lending can help you.
A Lifetime retirement mortgage can be used to help you reduce your Inheritance Tax.
DO NOT GIVE HMRC 40% of your Estate.
Knowledge is power and the power to reduce your IHT bill legally is available to you right now. It's all a question of do you want to leave 40% to HMRC or do you want to leave it to your beneficiaries.
Everyone gets older and inevitably we will all die. Careful planning now will ensure your wishes are upheld and your legacy remains intact.