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 lender will want to know if the property is a Semi detached freehold house or a Leasehold flat with share of freehold and if the resident is an Private Tenant.
Monthly payment lifetime mortgage can reduce the inheritance for your family. Home reversion plans may impact entitlements to state benefits. You may need to pay an advisor’s fee and you could be exposed to changes in interest rates with some products.
The more elderly you are and the more serious your illnesses you are the more money you can release.
It’s usual to encounter people looking for home reversion schemes, lump sum life time mortgages or monthly payment equity release, however, Age Concern like AIG Life are keen to see evidence of your personal circumstances in the form of pension statements.