If you've completed a plan with a drawdown facility and still have funds available, you can choose to access the remaining money. After receiving your initial lump sum, you can withdraw the remainder of your release in smaller withdrawals as and when needed, subject to minimum amounts and criteria.
If you’re considering releasing further funds from your drawdown facility, we recommend that you speak to your equity release adviser to discuss the implications of accessing more funds and whether this is the right option for you.
Please note that the amount of your cash facility is not guaranteed and the facility may be reduced or withdrawn at any time. If you still have funds available and wish to drawdown some or all of the facility, please follow the instructions below.
If your adviser considers that a further advance is suitable for your needs, they’ll make a request on your behalf. Our team will establish if you’re eligible for a further advance, as they’re subject to minimum release amounts.
To take out a lifetime mortgage, you first need to receive advice from a qualified equity release adviser who’ll look at your options and tell you if it’s right for you. If you’re yet to find an equity release adviser, we recommend searching the Equity Release Council's database of registered equity release adviser members. All Equity Release Council members have agreed to abide by Equity Release Council rules, guidance and standards, and have agreed to the Council's Statement of Principles.