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It is a good idea to opt for a plan where the interest rate what is the best interest rate for equity release fixed for the life of the loan, as this gives you certainty about the amount you owe.
You can use the money you release for home improvements, helping children buy their first property or increase your income in retirement.
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A lifetime mortgage providing an initial lump sum of £20,000, with a reserve facility of £50,000 for use later.
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The people who deal with your estate will be given a reasonable length of time to repay the working capital loan interest rate calculator, which is currently 12 months.
Different lenders will offer different rates on each one. The qualifications for these loans aren't standardized and can vary widely from lender to lender.
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