If you don’t want a lifetime mortgage or equity release, and just want a normal interest-only mortgage at 1.97% regardless of your age please Click Here
Not interested in equity release? Do you just want a conventional interest-only mortgage at 1.97% regardless of your age please Click Here
It’s very regular to find individuals searching for home reversion schemes, lumpsum lifetime mortgages or monthly payment equity release, however, Bower like Aegon are keen to see paperwork to show your circumstances in the form of investment statements.
The more aged you are and the the more illnesses you have you are the more money you can release.
Monthly payment equity release can reduce the value of your estate. Interest-only lifetime mortgages may impact ability to claim entitlements. You may need to pay a valuation fee and you could have higher rates to pay with some schemes.
The lender will want to know if the property is a Freehold terraced house or a Leasehold flat with share of freehold and if the resident is an AST Tenant.