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 older you are and the sicker you are the more tax free cash you can release.
It’s common to encounter individuals searching for lump sum lifetime mortgages, monthly payment lifetime mortgage or home reversion schemes, however, Age Partnership like AIG Life are keen to see paperwork to show your circumstances in the form of investment statements.
The 1st and 2nd charge lender will want to know if the property is a Semi detached freehold house or a Leasehold flat and if the resident is an Assured shorthold tenancy tenant.
Monthly payment life time mortgage can reduce your estate value. Home reversion plans may impact entitlements to state benefits. You may need to pay a valuation fee and you could be exposed to changes in interest rates with some products.