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lorenzom

Perplexed by the equity release mechanism

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Hello there,

just taken the course, I'm a bit perplexed about the equity release mechanism.

In the example, the first loan is around £101k and, after 3 year the remortage is for a £129% (28% more)

How the second loan can pass the stress test and be approved, considering that in 3 years the rent is supposed to raise some 6% as inflation does?

Many thanks for your reply

Lorenzo

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