27/05/2026
One thing many people don’t realise about equity release is that interest usually only applies to the money you’ve actually borrowed 💡🏡
For example, with a lump sum lifetime mortgage, you receive all of the funds upfront — meaning interest begins building on the full amount straight away 📈
With a drawdown lifetime mortgage, you may have access to a larger facility, but only take smaller amounts as and when needed 💷
In many cases, this means interest is only charged on the money that has actually been withdrawn, rather than the full facility available.
For some people, this can offer more flexibility and control over long-term borrowing.
Easy Equity Ltd is an Appointed Representative of The Right Mortgage Ltd, which is authorised and regulated by the Financial Conduct Authority.
This is a lifetime mortgage. To understand the features and risks, please ask for a personalised illustration. Check that this mortgage will meet your needs if you want to move or sell your home or you want your family to inherit it. If you are in any doubt, seek independent advice.