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You can use the money you release for home improvements, helping children buy their first property or increase your income in retirement.
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Each subsequent draw-down from the reserve would typically need to be minimum £2,000 at a time, although some plans are £5,000.
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Remember that with some lifetime mortgages - like the two options from Aviva - you don't make any repayments or pay back any equity release compound interest calculator uk on your loan.
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