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 the inheritance for your family. Monthly payment life time mortgage may impact entitlements to benefits. You may need to pay a valuation fee and you could be exposed to changes in interest rates with some products.
It is often found to encounter people searching for interest-only lifetime mortgages, lumpsum lifetime mortgages or lifetime mortgage with flexible drawdown cash release, however, More2Life like LV Liverpool Victoria are keen to see evidence of your circumstances in the form of pension statements.
The more aged you are and the unhealthier you are the more tax free cash you can release.
The lender will want to know if the property is a Freehold house or a Leasehold flat with share of freehold and if the resident is an Assured shorthold tenancy tenant.