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
It is often found to encounter individuals seeking out interest-only lifetime mortgages, monthly payment life time mortgage or home reversion plans, however, the Telegraph like VitalityLife Equity Release are keen to see proof of your personal circumstances in the form of investment statements.
Home reversion schemes can reduce the inheritance for your family. Home reversion schemes may impact ability to get state benefits. You may need to pay a valuation fee and some products expose you to changes in interest rates.
The older you are and the the more illnesses you have you are the more cash you can release.
The lender will want to know if the property is a Detached freehold house or a Leasehold flat and if the resident is an Assured shorthold tenancy tenant.