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
Home reversion plans can reduce the value of your estate. Monthly payment life time mortgage may impact entitlements to state benefits. You may need to pay a solicitor’s fee and you could be exposed to changes in interest rates with some products.
It’s common to encounter people searching for lumpsum lifetime mortgages, lumpsum lifetime mortgages or home reversion plans, however, Key Retirement like Old Mutual Wealth are keen to see proof of your personal situation in the form of investment statements.
The lender will want to know if the property is a Semi detached freehold house or a Leasehold house and if the resident is an Owner Occupier.
The older you are and the unhealthier you are the more tax free cash you can release.