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What is Equity Release?
Equity is the value of your home minus any outstanding mortgages and loans. Equity release is the process whereby this is turned into cash, which you can then spend on whatever you like.
As the equity is yours in the first place, there is no tax to pay on the funds you receive.
More traditional equity release schemes stipulate that you have to be over 55 to qualify. Bright Future Properties operate a scheme, which does not have a qualifying age. You can release equity whatever your age.
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