Equity release generally involves stumping up the entirety or a portion of the value of your property in return for cash.


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The time it takes to release equity through remortgage can vary, it normally takes around four to eight weeks.


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Homeowners often refinance to lower their payment, pay their loan off faster or take cash-out for debt consolidation, home repairs or renovations.


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A home reversion plan should also be portable, however you may need to repay some of the money if you downsize to a cheaper property.


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