The unused part of a drawdown plan that may be available for later withdrawals under the plan’s terms. It is not a savings account and is not necessarily guaranteed in every circumstance.
The unused part of a drawdown plan that may be available for later withdrawals under the plan’s terms. It is not a savings account and is not necessarily guaranteed in every circumstance.
Equity release may involve a lifetime mortgage, secured against your property, or a home reversion plan. It will reduce the value of your estate and impact funding long-term care.
This is a plain-language explanation of how the term is commonly used in the UK. It carries no source key because it makes no regulatory, product or property claim that needs one. It does not override a provider’s offer, your mortgage conditions, a solicitor’s advice or a regulator’s rules.
Checked 7 September 2026. The whole vocabulary sits on one page, so you can look up two words in the same sentence without going anywhere: see this entry in the full glossary.
Lifetime mortgages: the five protections
Understand what actually protects you, and how to check it applies.
Read the guide called Lifetime mortgages →Equity release may involve a lifetime mortgage, secured against your property, or a home reversion plan. It will reduce the value of your estate and impact funding long-term care.
One guide on this site uses the term. Here is the sentence, and where it sits.
“Your age, the value of your home, how much you want to borrow relative to that value, the property itself and whether you want a drawdown facility all move it.”
Equity release interest rates, and how to read one →Each of these either appears in the definition above, or names this term in its own.
Short answers to the things that come up most. None of it is advice, and every figure on this page carries its source.
The unused part of a drawdown plan that may be available for later withdrawals under the plan’s terms. It is not a savings account and is not necessarily guaranteed in every circumstance.
It is a plain-language explanation of how the term is commonly used in the UK. It carries no source key because it makes no regulatory, product or property claim that would need one, and it does not override a provider's offer, the conditions of a plan you hold, or advice from your solicitor.
On the guide "Lifetime mortgages: the five protections", which helps you understand what actually protects you, and how to check it applies. A glossary entry explains a word. The guide works through what it actually means for a decision, with its sources and the date each was checked.
No. There is nothing on this page to fill in and nothing is collected by reading it. Looking up what a word means is not a decision, and we are not able to advise you about your own circumstances in any case.
Equity release may involve a lifetime mortgage, secured against your property, or a home reversion plan. It will reduce the value of your estate and impact funding long-term care.
One qualified equity release adviser. They will go through your figures and tell you if there is a better answer. It costs nothing and commits you to nothing.
Google Analytics, Microsoft Clarity and Vimeo. Say no and none of them loads. What each one stores, and what Microsoft use theirs for.