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 1st and 2nd charge lender will want to know if the property is a Detached freehold house or a Leasehold flat and if the resident is an Private Tenant.
Monthly payment equity release can reduce the inheritance for your family. Monthly payment lifetime mortgage may impact ability to claim benefits. You may need to pay an advisor’s fee and you could be exposed to changes in interest rates with some products.
It is usual to discover individuals seeking out interest-only lifetime mortgages, monthly payment life time mortgage or interest-only lifetime mortgages, however, the Telegraph like VitalityLife Equity Release are keen to see proof of your personal situation in the form of bank statements.
The more elderly you are and the more serious your illnesses you are the more tax free money you can release.