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What is equity release?
Equity release is, in a nutshell, a way to unlock the value of your property and turn it into cash which lets you access - or 'release' - the equity (cash) tied up in your home, if you're 55+.
The most popular type of equity release is a lifetime mortgage, which is a loan secured against your home.
You can release the money you release in a lump sum or in several smaller amounts following an initial lump sum.