Fixed Interest Rate

Why is the Drawdown Lifetime Mortgage popular?

If you are looking for a flexible approach to equity release, a drawdown lifetime mortgage may be just what you are looking for. A drawdown lifetime mortgage allows you to determine when and how you will take the money received from an equity release scheme. You will be provided with a cash reserve facility from which you are allowed to make an initial withdrawal of your choice. The remaining amount is held in the reserve facility for future needs. The principle of the drawdown equity release is based upon the fact that you would only withdraw money from your cash […]