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You can you get equity release when you still have a mortgage release the money you release in a lump sum or in several smaller amounts following an initial lump sum.
In the first week of March 2023, the lowest rates you could achieve on an equity release interest rates 2022 uk release loan started at 5,85% 1 (APR).
They will also be looking into the specifics of your property, to ensure that the property conforms to the lenders underwriting criteria.
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Your solicitor will arrange this for you, therefore removing the need for you to pay the funds directly to your mortgage provider.
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