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A lifetime equity release with existing mortgage is a loan worth at least £10,000 that's secured against your property once you've paid off any standard mortgage that you may have.
AgeOptions innovates, partners, and advocates to improve systems and services in order to strengthen communities so people thrive as they age.
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Interest rates on equity release is basically release products are higher than on mainstream mortgages, and currently range between about 3.5 per cent and 7 per cent.
Arrangement fees can usually be added to the loan amount, or deducted from the Equity release calculator australia release funds you will receive.
The cons of Aviva's equity release plans include a minimum equity requirement, possible impact on means-tested benefits, and compound interest.
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Find out how people can use Equity Release to meet the cost of elderly care in our guide to age partnership equity release contact number Release for Funding Care.
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