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No - but you can choose to make partial repayments if you want to manage the amount owed on the loan and interest.
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If you are likely How to Release equity from mortgage consider repaying some or all of the equity that you release in the future, consider any potential early repayment charges involved.
Your equity release lender should provide this, but you could also opt to seek your own independent financial advice on top.
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You can typically release between 20-56% of the value of your home with a lifetime mortgage rates mortgage, depending on your age.
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