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
It is common to find people looking for lump sum lifetime mortgages, lump sum life time mortgages or interest-only lifetime mortgages, however, Just Retirement like AA equity release are keen to see paperwork to show your situation in the form of investment statements.
The more elderly you are and the unhealthier you are the more cash you can release.
Home reversion plans can reduce your estate value. Interest-only lifetime mortgages may impact entitlements to state benefits. You may need to pay an advisor’s fee and you could have higher rates to pay with some schemes.
The mortgage lender will want to know if the property is a Freehold terraced house or a Leasehold flat and if the resident is an Assured shorthold tenancy tenant.