A lifetime mortgage allows you to release some of the equity from your property into funds that you can use in a variety of ways. The money you release can be taken in one lump sum, or a smaller initial sum with an agreed drawdown amount in the future as needed.
Further advances may also be available subject to the lender’s criteria at the time or a possible remortgage to another lender.
Please bear in mind early repayment charges may be applicable.
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