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To find out how much you could release, use our equity release calculator ; it requires no personal contact information and the results are instant.
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Over 60s can take advantage of remortgaging in order to reduce their monthly payments, pay off their loan faster or unlock equity from their home.
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Generally, the more health conditions you have, the larger the maximum amount available for equity release. Yes, you can pay off a lifetime mortgage.
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Equally you are free to sell your home and move at any point in the future and take the mortgage with you (subject to the lender's criteria).
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There's no interest to pay however, as the value of the property increases, you only benefit from the increase on the percentage of the home that you own.
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