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If Can you get equity release when you still have a mortgage're happy to go ahead, make sure you appoint a solicitor who specialises in equity release to act on your behalf and offer independent legal advice.
The lifetime mortgage allowed me to pay off the mortgage and have enough money left over for a new bathroom, kitchen, and roof repair.
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Mortgage lenders typically base loan size on a maximum LTV that they are willing to lend, typically between 75-85% when remortgaging to release equity.
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You want to release does equity release increase mortgage and use for your loved ones, perhaps this may be to help your children or grandchildren onto the property ladder.
Another factor that influences how much money you can release what Is Age partnership the value of your property. The most popular type of lifetime mortgage.
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