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Equity release myths explained
If you have started your retirement planning, you might be considering the role your property wealth can play. With a lifetime mortgage, the most popular equity release product, you could unlock tax-free cash from your home. However, many people still have misconceptions about how it works.
There are hundreds of products available on the market and a variety of flexible features to sort through, so your options are varied. This level of choice can also make things complicated and is one of the reasons why many UK homeowners over the age of 55 still believe the equity release myths.
In this article, the truth about equity release is explored as 7 myths get debunked. If you still have questions after reading, you can also get in touch with the expert team at Royal London Equity Release Advisers, the providers of the Telegraph Media Group Equity Release Service. You can use the free equity release calculator on this page to have a free, no-obligation chat with their Information Team.