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To qualify for an equity release plan, you must meet certain requirements such as:
This is a lifetime mortgage. To understand the features and risks, ask for a personalised illustration.
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“The most popular form of equity release product is called a lifetime mortgage, which is aimed at homeowners aged 55 and over. It allows you to borrow against the value of your home, while retaining 100% home ownership for your lifetime, without needing to make monthly payments.”
“The average amount of equity customers are releasing increased from £72,340 to £94,982”