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๐Ÿš‚ Information Station ๐Ÿš‚

Updated: Jan 23

The Drawdown Option

๐Ÿ‘‹ Welcome to Information Station ๐Ÿš‚ where we dive into the world of lifetime mortgage plans. If you're a homeowner ๐Ÿก and you want to release funds from your property ๐Ÿ’ฐ, one flexible option you might consider is the "Drawdown" feature.

With the Drawdown option, you don't take one lump sum upfront ๐Ÿ’ผ. Instead, you set up an initial amount and a reserve ๐Ÿ’ฐ.

The best part? You only pay interest on the money you've withdrawn ๐ŸŒฑ, not the whole amount.

It's a smart choice if you want to manage your finances ๐Ÿ’ก and control interest costs๐Ÿ“Š. Plus, you can keep your reserve for future plans and goals ๐ŸŒŸ, avoiding interest costs on unused funds. Curious to learn more about Drawdown or other equity release options?

Drop me a comment ๐Ÿ’ฌ or send me a message ๐Ÿ“ฉ. Your questions could be featured in my next video!

Thanks for tuning in to "My Information Station." Stay informed ๐Ÿง , and remember, knowledge is power ๐Ÿ’ช when it comes to making decisions about your financial future. Until next time! ๐Ÿš‚


This is a lifetime mortgage. To understand the features and risks ask for a personalised illustration. Check that this mortgage will meet your needs if you want to move or sell your home, or you want your family to inherit it. If you are in any doubt, seek independent advice.

A fee may be charged for mortgage advice, the exact amount will depend on your circumstances.

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