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Your equity loan definition for dummies release solicitors will contact your current mortgage lenders to obtain a formal redemption statement.
Why we rate the company: The insurer offers loans of up to £2m, which may make them a good choice if you're lucky enough to own a very valuable property.
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Different lifetime mortgage providers might have slightly different thresholds. If monthly repayments aren't maintained, your mortgage balance will increase.
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MoneyNerd was founded by Scott Nelson, who spent over 10 years in the credit card and loan industry and wanted to do something more impactful.
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