Drawdown Equity Release

Drawdown Equity Release

Looking to raise tax free cash without moving home?

Compare Equity Release Quotes From UK Providers

Mortgages In Retirement

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Lowest Rate Promise or Key Advice Will Give You £500!

If you’ve already had equity release quotes from providers or advisers, arrange a consultation, give Key Advice the same criteria and they will beat or match their rate or pay you £500. This challenge only applies when you’ve had a consultation with Key, and to Equity Release Council approved plans available at the time of your recommendation from Key.

Drawdown Equity Release

Want to release tax free cash from your home? Why not look at drawdown equity release options?

Drawdown equity release is just like a lifetime mortgage i.e. you can release the equity in your home without having to move.

However, with a drawdown plan, instead of requesting the full sum of money available to you immediately, you decide on a maximum amount of equity you want to release, and ‘drawdown’ the cash in stages when you want to.

Advantages of drawdown equity release include:

  • Choose to either make withdrawals as and when you need them or set up a monthly income
  • You don’t have to move
  • You retain ownership of your home
      There are also a number of disadvantages of drawdown equity release, including the fact that interest rates are usually higher on a drawdown equity release plan than they are on a standard lifetime mortgage, there are is often a minimum release amount and it can reduce the amount you leave as an inheritance.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. Equity release may affect your entitlement to state benefits and will reduce the value of your estate. It may involve a lifetime mortgage or home reversion plan. All content set out in this website is provided for information only and should not be considered as advice. It is strongly recommended that you seek advice of a qualified, independent financial advisor before making any decisions to take out an equity release product.