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
The mortgage lender will want to know if the property is a Freehold house or a Leasehold house and if the resident is an AST Tenant.
The more elderly you are and the more serious your illnesses you are the more tax-free money you can release.
Lumpsum lifetime mortgages can reduce your estate value. Lumpsum lifetime mortgages may impact the ability to get state benefits. You may need to pay a solicitor’s fee and you could have higher rates to pay with some schemes.
It is common to discover people looking for monthly payment lifetime mortgage, monthly payment lifetime mortgage or lifetime mortgage with flexible drawdown cash release, however, the Telegraph like Old Mutual Wealth are keen to see evidence of your circumstances in the form of investment statements.