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Equity release is a means of retaining use of your house or other object which has capital value, while also obtaining a lump sum or a steady stream of income, using the value of the house.The "catch" is that the income-provider must be repaid at a later stage, usually when you die.Thus equity release is particularly useful for elderly persons who do not intend or are not able to leave a large estate for their heirs when they die.

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  • Equity release is a means of retaining use of your house or other object which has capital value, while also obtaining a lump sum or a steady stream of income, using the value of the house.The "catch" is that the income-provider must be repaid at a later stage, usually when you die.Thus equity release is particularly useful for elderly persons who do not intend or are not able to leave a large estate for their heirs when they die.
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