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To release cash from your property to top up your pension income. equity release or retirement mortgage release interest rates can be anywhere from 2-6%.
It works similar to a equity release with existing mortgage by lending homeowners a lump sum or regular income (usually on a monthly basis), in return for a portion of their property.
Calculating your equity release payments is as simple as dividing the total amount you borrow by the number of months left on the term.
If you come to us directly, you won't pay a separate advice fee, instead we'll pay the adviser commission once you complete on your lifetime mortgage.
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