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The examples compare the repayments over a period of five, ten and fifteen years with example compound interest rates of 3%, 4%, 5% and 6%.
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If you have less equity in your home but need funds now, you will likely pay a higher interest rate for a loan.
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For example, equity release lenders charge different application fees. Awarded Later Life Lender of the Year in The Mortgage Awards 2021.
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Money Release Limited is authorised and regulated by the Financial Conduct Authority. Both loans use home equity as collateral for the loan.
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