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 with share of freehold and if the resident is an Private Tenant.
Monthly payment life time mortgage can reduce your estate value. Monthly payment life time mortgage may impact entitlements to benefits. You may need to pay a solicitor’s fee and you could have higher rates to pay with some schemes.
It’s usual to find individuals searching for lump sum lifetime mortgages, lump sum life time mortgages or monthly payment equity release, however, Just Retirement like Legal & General are keen to see proof of your situation in the form of pension statements.
The more aged you are and the more serious your illnesses you are the more tax free cash you can release.