Income Drawdown allows you to take smaller lump sums over a period of time once you have taken an initial amount. The main benefit of Income Drawdown is that you are not charged interest on that portion of the equity release until you take it. This saves considerable amounts of interest and means that you don’t have to use the money until you need it. It is normally part of a lifetime mortgage scenario
You can access the money quickly and easily when you need it without making a further application and no further valuation is required.
Why not try our easy to use calculator to find out how much you may be able to release from your home?