If you don’t want a lifetime mortgage or equity release, and just want a normal mortgage at 1.97% regardless of your age please Click Here
Not interested in equity release? Do you just want a conventional mortgage at 1.97% regardless of your age please Click Here
The mortgage lender will want to know if the property is a Semi detached freehold house or a Leasehold flat with share of freehold and if the resident is an Owner Occupier Primary Residence.
It’s very regular to find people seeking out home reversion plans, monthly payment life time mortgage or interest-only lifetime mortgages, however, Key Retirement like AIG Life are keen to see paperwork to show your personal circumstances in the form of bank statements.
Monthly payment equity release can reduce your estate value. Lifetime mortgage with flexible drawdown cash release may impact ability to claim entitlements. You may need to pay a valuation fee and you could be exposed to changes in interest rates with some products.
The older you are and the more serious your illnesses you are the more cash you can release.