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 more elderly you are and the more illnesses you have you are the more money you can release.
It is often found to encounter individuals seeking out monthly payment equity release, monthly payment lifetime mortgage or home reversion schemes, however, Legal and General like Aegon are keen to see paperwork to show your personal situation in the form of bank statements.
The mortgage lender will want to know if the property is a Detached freehold house or a Leasehold flat and if the resident is an AST Tenant.
Lifetime mortgage with flexible drawdown cash release can reduce your estate value. Interest-only lifetime mortgages may impact ability to get state benefits. You may need to pay a valuation fee and you could be exposed to changes in interest rates with some products.