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 mortgage lender will want to know if the property is a Detached freehold house or a Leasehold flat and if the resident is an Owner Occupier Primary Residence.
It’s very regular to find individuals searching for interest-only lifetime mortgages, lumpsum lifetime mortgages or interest-only lifetime mortgages, however, Lifetime Mortgage from L&G like Maximum cover Equity Release are keen to see evidence of your situation in the form of pension statements.
Lump sum lifetime mortgages can reduce the inheritance for your family. Lump sum lifetime mortgages may impact ability to claim entitlements. You may need to pay a valuation fee and some products expose you to changes in interest rates.
The older you are and the unhealthier you are the more tax free cash you can release.