Drawdown Schemes |
Drawdown Lifetime Mortgages are a welcome innovation to the equity release market & are now the most popular method of releasing equity. Their prominence has also been assisted by the fact that interest rates have now become much more competitive. Drawdown schemes are based on the principle of ‘roll-up’.
However, rather than taking funds in a single withdrawal, drawdown enables you to take it in stages. This is achieved by the creation of a reserve facility, which holds additional funds for future use.
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Types of Equity Release Schemes | ||
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Types of Lifetime Mortgages | |||||
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Select a lender from the following list to request your enhanced lifetime mortgage quote.
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