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WHAT IS Equity Release?
Most people's biggest asset is their home. The average house price in the UK has risen significantly over the last few years. Put simply, equity is the value of your home less any outstanding debts secured against it.
If you are a homeowner aged 55 or over you can unlock this value without moving home and turn it into a single cash lump sum, a drawdown facility or a monthly income using an equity release plan.
This equity release product may involve a lifetime mortgage or home reversion plan. To understand the features and risks, ask for a personalised illustration. |
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