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🚂 Information Station 🚂

Writer's picture: Lyn PalmerLyn Palmer

The Drawdown Option


👋Welcome to Information Station 🚂 where we dive into the world of lifetime mortgage plans.

If you're a homeowner 🏡 and you want to release funds from your property, one flexible option you might consider is the Drawdown feature.


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


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 You only pay interest on the money you've withdrawn 🌱, not the whole amount.


It's a smart choice if you want to manage your finances 💡 and control the interest costs📊. Plus, you can keep your reserve for future plans and goals 🌟, avoiding interest costs on unused funds.


Curious to find out more about Drawdowns or other equity release options?  Call me or send me a message 📩


Thanks for tuning in to Information Station. Stay informed 🧠 and remember, knowledge is power 💪 when it comes to making decisions about your financial future.


For more information use the Contact Me section at the bottom of this page, to send me a message to book in a chat.  Or call me on 07887885182.





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Email: Lyn@simplifiedequityrelease.co.uk

Phone: 07887 885182

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Simplified Equity Release has no control or responsibility for the pages you are about to access or where any subsequent link may take you

Equity release may involve a home reversion plan or a lifetime mortgage, which is secured against your property and will reduce the value of your estate and impact funding long-term care.

 

Equity release requires paying off any existing mortgage. Any money released, plus accrued interest would be repaid upon death, or moving into long-term care.

With a lifetime mortgage, if you don't make repayments interest will roll up over time.  This will increase the size of the debt and will reduce the amount left that will be left to your beneficiaries when you're gone.

 

We provide initial advice for free and without obligation. Only if your case completes would our advice fee of £1,695 be payable. Other lender and solicitor fees may apply.

Simplified Equity Release is a trading name of Equity Release Associates Limited, which is authorised and regulated by the Financial Conduct Authority. FCA registered number 932793. Company registered in England and Wales number 12258392. VAT Registered Number 365 5888 43. Registered address, 2200 Century Way, Thorpe Park, Leeds, LS15 8ZB.


The information on this website is intended for guidance purposes only and does not constitute
advice. Furthermore, the information on this website is subject to UK regulatory regime and is
therefore intended for consumers living in the UK only. We are not responsible for the content in
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