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For lifetime mortgage schemes, expect a timeframe of around eight weeks before you're able how to release equity from mortgage access your funds.
If you have debt that requires mandatory monthly payments, paying it off will free up extra cash flow each month.
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Equity release plans have continued to become more and more flexible over recent years, with new plan features across a range of financial products.
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Should you move home, the new property will need to meet the lending criteria in order for the lifetime mortgage to move with you.
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