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
Lump sum lifetime mortgages can reduce your estate value. Interest-only lifetime mortgages may impact entitlements to 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 Freehold house or a Leasehold house and if the resident is an Private Tenant.
The more aged you are and the more serious your illnesses you are the more cash you can release.
It’s often found to discover people searching for home reversion schemes, lump sum life time mortgages or monthly payment equity release, however, Age Concern like Aegon are keen to see proof of your circumstances in the form of bank statements.