What is 'roll-up interest' in the context of a lifetime mortgage?
-
A
Interest that is added to the outstanding loan balance each month rather than being paid by the borrower
-
B
A discounted promotional interest rate offered at the start of a lifetime mortgage
-
C
Interest that is charged only in a single payment at the very end of the term
-
D
A variable interest rate that rolls with the Bank of England base rate