A lifetime mortgage specifically lets you unlock tax-free cash from your home while keeping full ownership and the peace of mind you can stay living in your home. There are two ways to access your tax-free cash: Lump Sum Take all the money in one go if you have specific plans or needs. Drawdown Release an initial amount and then access more funds as and when you need them. Subject to criteria. One of the advantages of this type of product for many is that there are no monthly repayments required unless you choose to make them. However, even if you’re only able to make small repayments, it will help reduce the amount of interest accrued over the lifetime of your loan. You can discuss these products and their features with your Key adviser.
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