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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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Guide to Lenders is a third-party marketplace which does not originate any loans or debt instruments themselves.
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An equity release mortgage means getting either a lump sum or regular income in exchange for some of the value of your home.
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The outstanding loan amount can be settled with some of the equity you access through a lifetime mortgage product.
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To take out a retirement interest only mortgage, it's worthwhile getting expert advice from a qualified mortgage adviser.
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