Drawdown Schemes
Many people don’t require a one off amount from Equity
Release; some spending plans may be years ahead.
A drawdown Lifetime Mortgage provides a facility which can
be drawn down gradually, as and when you need it.
It enables you to borrow what you need now with the facility
to take further funds later on with minimal paperwork.
The main advantage is that you only pay interest on what
you borrow.
This is usually preferred to releasing a larger sum only
to keep in a bank account pending future plans.
We discuss this option with all clients.
Ask for a free Equity Release
guide or call free on 0800 018 5753