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They can be an excellent idea for people that need to pay off an existing mortgage. A lifetime mortgage has no fixed duration.
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All our plans meet Equity Release Council standards which means they come with the no negative equity guarantee.
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For example with an interest rate of 5.5%, an equity release loan of £50,000 would increase to £86,554 over 10 years.
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If it's a thumbs up on the equity release front, you'll then finish the application with your equity release adviser.
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