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One of the main reasons people choose drawdown lifetime mortgages is because they are less likely to impact means-tested benefits.
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You can borrow a minimum of £10,000 in your first release and then future lump sums of at least £2,000 each time.
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Equity release mortgages are debts secured against your home. It's important to consider a good independent adviser that specialises in equity release.
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This means your interest will always be charged at the same rate, regardless of general interest rate hikes that may affect other products over time.
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