You release a lump sum from the value of your property, whilst maintaining 100% ownership of your home. This amount, plus any interest accrued, is repaid from the sale of your property once you pass away or move into long term care.
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drawdown lifetime mortgages: This is similar to a lifetime mortgage; but with added flexibility. The cash can be released over time, as and when you need it. Because you only accrue interest on the funds once you have taken them, this can reduce the amount you pay over time (when compared with a lump sum)
home reversion plans: home reversion plans
interest only lifetime mortgages : interest only lifetime mortgages
lifetime mortgages: lifetime mortgages
Safe Home Income Plans (SHIP): SHIP equity release plans are completely safe and come with a set of guarantees, shown via the link below, that act to protect your financial future.