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All lifetime mortgage schemes that Equity Release Supermarket advise on are covered by the Equity Release Calculator Money Saving Expert Release Council (ERC) standards.
Before borrowing any additional money on an equity release plan, it Is There An Upper Age Limit For Equity Release essential that you re-evaluate all alternatives.
However, you are still taking on is equity release cheaper than a mortgage debt, so you need to ensure you can afford the repayments as you will be putting yours and your family's home at risk.
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