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Advanced Mortgage Services Ltd  

Specialists in Equity Release

AMS Equity Release

Home AMS The Benefits of Using AMS How Much Can You Release? The Need For Advice Uses For Equity Release What is Equity Release Equity Release Considerations Is Equity Release Safe? What Does It Cost Lifetime Mortgages Home Reversion Plans Interest Options Protecting your inheritance Draw Down Lifetime Mortgage Frequently Asked Questions Contacts for Further Information About Us Contact Us

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We provide Independent Advice from the Whole Market

We are proud to be members of the Equity Release Council

For Equity Release Information and Advice from a Specialist Adviser covering Bournemouth Poole Christchurch New Milton Lymington Highcliffe Ringwood Wimbourne Ferndown Verwood Canford Cliffs Sandbanks Westbourne Branksome Parkstone Boscombe Southbourne Tuckton Wareham Swanage Corfe Castle Dorchester Weymouth Corfe Mullen Upton Brockenhurst Lyndhurst New Forest Burley Sway Barton on Sea Milford on Sea Dorset Hampshire   

Draw-Down Lifetime Mortgage

Draw-down Lifetime Mortgages offer great flexibility enabling you to access more money as and when required. Rather than just receiving a lump sum, you have the option to release your cash over time, as and when you need it. This means that you can accrue a reduced amount of interest and also limit or prevent any impact that the additional funds may have on means-tested state benefits, should you currently receive any.

As an example you could release £15,000 as an initial lump sum to pay for some home improvements that you require. At the same time a reserve facility can be agreed that allows you to request further funds of up to £30,000 in the future (Draw-Down facility).


The amount available will depend on the product provider, your age and the value of the property.


The interest rates charged on future draw downs are likely to change as are the terms of the redemption penalties so it is advisable to review your options at this point and possibly obtain further advice.


The amount you release can range from £2000 minimum to £5000 minimum and there may be additional administration costs involved with future draw downs. The terms and conditions will differ from product to product and are likely to change over time as these products are updated.

The total amount that you have borrowed, plus any interest accrued, is only repaid once you pass away or permanently vacate the property e.g. move into long-term care.

It is important to consider your options carefully and to get qualified advice. To understand this in more detail and to provide you with a personalised illustration please contact us.


If you would like to find out more please contact us

Equity Release Risk Warning.

Lifetime mortgage, or home reversion plan.

Equity release may affect your entitlement to state benefits and could reduce the value of your estate. To understand the features and risks, ask for a personalised illustration.

Please think carefully before securing other debts against your home.



Advanced Mortgage Services Ltd is an appointed representative of The On-Line Partnership Limited which is authorised and regulated by the Financial Conduct Authority. Advanced Mortgage Services is registered in England. Company registration number 4751565.

Cherry Tree House, 20 Inverleigh Road, Bournemouth, Dorset, BH6 5HA.

Advanced Mortgage Services Ltd website is only for the use by UK residents & is subject to the UK regulatory regime.