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Equity Release
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Hi DebtEverest
Answers to a couple of your questions:
1. We were only able to release 25% of the equity on valuation when we both became 68. At 63 your mum may be a bit too young yet.
2. An independent valuer will come around and do the valuation (you pay for this). It's not the valuation an estate agent will give you when you put the house on the market - it can be a bit less than that. They tend to err on the low side, whereas the estate agent wouldn't.
Do look at the SHIP website - a lot of questions are answered there.
Aunty Margaret[FONT=Times New Roman, serif]Æ[/FONT]r ic wisdom funde, [FONT=Times New Roman, serif]æ[/FONT]r wear[FONT=Times New Roman, serif]ð[/FONT] ic eald.
Before I found wisdom, I became old.0
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