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 flat and if the resident is an Private Tenant.
It’s very regular to encounter individuals looking for monthly payment lifetime mortgage, monthly payment life time mortgage or home reversion plans, however, Lifetime Mortgage from L&G like Zurich are keen to see proof of your circumstances in the form of pension statements.
Interest-only lifetime mortgages can reduce your estate value. Home reversion plans may impact entitlements to benefits. You may need to pay an advisor’s fee and some products expose you to changes in interest rates.
The older you are and the unhealthier you are the more tax free cash you can release.