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’s usual to find individuals seeking out lumpsum lifetime mortgages, monthly payment lifetime mortgage or home reversion schemes, however, Sunlife Plans like Royal London Equity Release are keen to see proof of your personal circumstances in the form of investment statements.
Monthly payment equity release can reduce the value of your estate. A monthly payment lifetime mortgage may impact entitlements to benefits. You may need to pay a broker’s fee and you could have higher rates to pay with some schemes.
The 1st and 2nd charge lender will want to know if the property is a Detached freehold house or a Leasehold house and if the resident is a Private Tenant.
The more elderly you are and the unhealthier you are the more money you can release.