Equity Release

Take control of your finances with tax-free cash released from your home.

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What Are Drawdown Plans?

A drawdown lifetime mortgage plan has the same advantages and disadvantages as a regular lifetime mortgage, as well as a few more that are unique to this kind of home equity release.

The main difference with a drawdown plan and other forms of home equity release is that you don’t request the full sum of money available to you immediately. Instead, you decide on a maximum amount of equity you want to release, and ‘drawdown’ the cash in stages when and if you want to. The minimum age is 55.

Why not try our equity release calculator and see how much you could release

Advantages of a drawdown lifetime mortgage:

Disadvantages of a drawdown lifetime mortgage:

To find out more about equity release:

 

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