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How much cash could you release from your home?

This is Money has chosen to introduce its readers to Royal London Equity Release Advisers, which has a simple tool you can use to calculate how much you could release from your home to help with retirement costs.

It only takes a few seconds and if you’d like to find out more, Royal London Equity Release Advisers can provide access to equity release advice with no obligation.

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EQUITY RELEASE: WHAT YOU NEED TO KNOW

Ten steps to consider before equity release: Could releasing money from your home help you?

Equity release: Ten things you need to know and questions to ask

Equity release allows homeowners over the age of 55 to draw on their home's value in their retirement. There is no need to make monthly payments with equity release, as there is with a mortgage, but this can lead to a downside as interest rolls up over the years. That means that equity release leaves less for to your loved ones as an inheritance, so it may be worth looking at alternative ways to raise income. Read our guide to what you must know.