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Drawdown schemes are a welcome innovation to the equity release market & are now a very popular method of releasing equity.
Drawdown schemes are based on the principle of ‘roll-up’. However, rather than taking funds in a single withdrawal, drawdown enables you to take it in stages.
This is achieved by the creation of a reserve facility, which holds additional funds for future use. In addition to the above features, drawdown plans have the following advantages/disadvantages: -
This is a drawdown Scheme. To understand the features and risks, ask for a personalised illustration.