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 Detached freehold house or a Leasehold flat and if the resident is an Owner Occupier Primary Residence.
It’s usual to find people seeking out monthly payment equity release, lumpsum lifetime mortgages or home reversion schemes, however, Key Retirement like Royal London Equity Release are keen to see proof of your personal situation in the form of investment statements.
Lifetime mortgage with flexible drawdown cash release can reduce your estate value. Home reversion schemes may impact ability to get state benefits. You may need to pay a broker’s fee and you could have higher rates to pay with some schemes.
The more elderly you are and the more serious your illnesses you are the more tax free cash you can release.