If you don’t want a lifetime mortgage or equity release, and just want a normal interest-only mortgage at 1.97% regardless of your age please Click Here
Not interested in equity release? Do you just want a conventional interest-only mortgage at 1.97% regardless of your age please Click Here
It’s very regular to discover people looking for home reversion plans, lumpsum lifetime mortgages or home reversion schemes, however, the Telegraph like Zurich are keen to see paperwork to show your personal situation in the form of investment statements.
The more elderly you are and the sicker you are the more cash you can release.
Lumpsum lifetime mortgages can reduce your estate value. Lifetime mortgage with flexible drawdown cash release may impact ability to get state benefits. You may need to pay a legal fee and you could have higher rates to pay with some schemes.
The lender will want to know if the property is a Detached freehold house or a Leasehold flat with share of freehold and if the resident is an Owner Occupier.