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If you already have an existing mortgage on your property, you could still opt to release how much equity release on your property and consolidate the loans into one.
This allows customers to repay the mortgage without penalty if you are looking to move to a property which does not meet Aviva's lending criteria.
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For an equity release provider to have their plan approved by the Equity Release Council, it has to have a ‘no negative can You get equity release when you still have a mortgage guarantee'.
Age Partnership Limited is Times Money Mentor's accredited broker”, which means we have assessed them to be impartial and customer-focused.
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Alternatively, you may wish to make repayments towards your lifetime mortgage. Adjust your down payment size to see how much it affects your monthly payment.
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