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What types of equity release options are available?

Updated: 8/19/2019
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12y ago

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There are a number equity release options available. The most common is one that gives the owner of the house a large sum of money, for a contract that hands over the ownership back to the bank, once that said person dies. Their are also time lapse equity releases. These work by signing a contract, reiciving a lump sum of money, and releasing the property to the bank once the time has elapsed.

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