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Equity release is a means of retaining use of a house or other asset which has capital value, while also obtaining a lump sum or a steady stream of income, using the value of the asset. It is also possible to make multiple withdrawals with equity release instead of just unlocking one big lump sum.[1]
- ^ "SURPRISING EQUITY RELEASE FACTS • That Are Still Relevant in 2023". SovereignBoss. 13 July 2022. Retrieved 4 June 2023.