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You can explore whether this is the right solution for you, using the HUB Financial Solutions equity release definition [read full article] Release Advice Service.

You'll need to get in touch with a financial advisor who will be able to let you know if your mortgage is small enough.


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Unlike a traditional credit line, however, a HELOC directly draws from the equity in your home, increasing the amount you owe on the property.



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Let's now look at the different types of equity release available to you - a lifetime mortgage and a home reversion plan.

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