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
It is often found to encounter people seeking out monthly payment life time mortgage, lumpsum lifetime mortgages or interest-only lifetime mortgages, however, Key Solutions like AIG Life are keen to see evidence of your personal circumstances in the form of bank statements.
The older you are and the more serious your illnesses you are the more cash you can release.
Lump sum lifetime mortgages can reduce the inheritance for your family. Monthly payment equity release may impact ability to claim benefits. 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 house or a Leasehold house and if the resident is an Owner Occupier.