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
Monthly payment equity release can reduce the inheritance for your family. Monthly payment lifetime mortgage may impact ability to get state benefits. You may need to pay an advisor’s fee and some products expose you to changes in interest rates.
It is often found to find people searching for home reversion schemes, lumpsum lifetime mortgages or interest-only lifetime mortgages, however, Legal and General like Fortify Insurance Solutions are keen to see evidence of your personal circumstances in the form of pension statements.
The 1st and 2nd charge lender will want to know if the property is a Detached freehold house or a Leasehold flat with share of freehold and if the resident is an Assured shorthold tenancy tenant.
The more aged you are and the unhealthier you are the more cash you can release.