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It's always crucial to speak with a company like UK Moneyman.
We offer a truly holistic over 50s lending approach.
A lifetime mortgage and a home reversion plan can be an option. Lifetime mortgages allow you to unlock some of the value from your home.
Releasing equity to buy another property, through remortgaging or equity release, may be an option depending on circumstances.
You can get equity release on leasehold properties. However, the lender will take extra considerations into account.
You can be refused equity release if your property or personal circumstances do not meet lending criteria, but we are here to help.
If you take out a lifetime mortgage, you can pay back some or all of it early. But lifetime mortgages are long-term products.
How much does equity release cost? Understanding equity release interest rates, fees and charges is essential to answer that question
Yes, the equity you already have from any property you have sold, or other existing savings, can be the deposit, with a lifetime mortgage.
There’s no single interest rate for equity release products. Different lenders will offer different rates on each one.
What is the catch with equity release and how this history still causes some misconceptions in today’s market.