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This letter from the lender indicates your available loan terms, amount, and interest rate if you decide to move forward with the process.
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There are other options to consider, such as downsizing, a standard remortgage or taking out a retirement interest-only mortgage (Rio).
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Which equity release Guide Release is a lifelong commitment, some plans may have early repayment charges, this can be discussed with your advisor.
This lifetime mortgage allows a minimum of £15,000; with £10,000 as the initial deposit and £5,000 as the cash reserve.
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