Draw Down

Serviced Borrowing

RIO's

Roll-Up

Draw Down

If you take out a Lifetime Mortgage, you can choose to receive your funds in a lump sum or in smaller, regular amounts. This may be helpful when, for example you have a short-term need for a capital lump some, perhaps to make a purchase, or to help prepare your home for later life living, or where you are perhaps thinking of yours and your partners later life care costs.

With a draw down Lifetime Mortgage you will only pay interest from the point at which you access monies. There may also be an option available to increase the amount you have borrowed as and when you want to, up to the maximum limit agreed with the plan provider.

If you are considering an Equity release Lifetime mortgage, there are many things that you will need to consider and to understand.

 

For a no obligation conversation with an Equity Release Adviser:

Useful Sites & Tools

www.krdequityrelease.co.uk is a trading style of KRD Financial Advisers Ltd., registered in England & Wales no. 5595319. Registered Office at 95 Dixons Green, Dudley, West Midlands, DY2 7DJ. KRD Financial Advisers Ltd is authorised and regulated by the Financial Conduct Authority no. 456629.

 

The guidance and/or advice contained in this website is subject to UK regulatory regime and is therefore restricted to consumers based in the UK.

All calls are recorded for training and monitoring purposes to ensure that regulatory standards are met and to evidence any business transaction that may take place.

Where you have a complaint or dispute with us, and we are unable to resolve this to your satisfaction, then we are obliged to offer you the Financial Ombudsman Service to help resolve this. Please see the following link for further details: http://financial-ombudsman.org.uk

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