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It would reduce the amount of interest added over the life of the mortgage and reduce the amount you'll owe in the end.
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For example, if you own £200,000 of a £300,000 property, you can 'release', or sell back to the bank, a percentage of the £200,000 in exchange for cash.
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Following release, monthly interest repayments are made which means that only the initial amount borrowed is repaid when your plan ends.
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