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Equity Release

Can I take out a deal if I still have a mortgage

Most Equity Release providers will still accept your business as long as it's a relatively small mortgage, perhaps less than 20% of the total value of the property.

However, most lenders will expect any money released to first pay off the existing mortgage in full.

Start to speak to a few different providers to see what they say.

Tip - make it clear from the beginning that you're only calling for an initial chat to get some information - you don't want them to give you the hard sell right away.

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