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
Monthly payment equity release can reduce the inheritance for your family. Monthly payment life time mortgage may impact entitlements to benefits. You may need to pay a solicitor’s fee and you could have higher rates to pay with some schemes.
It’s often found to encounter individuals looking for home reversion schemes, lumpsum lifetime mortgages or interest-only lifetime mortgages, however, Just Retirement like AIG Life are keen to see paperwork to show your situation in the form of pension statements.
The 1st and 2nd charge lender will want to know if the property is a Freehold house or a Leasehold flat with share of freehold and if the resident is an Private Tenant.
The more elderly you are and the sicker you are the more cash you can release.