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 older you are and the more serious your illnesses you are the more tax free cash you can release.
Monthly payment lifetime mortgage can reduce the inheritance for your family. Interest-only lifetime mortgages may impact ability to get state benefits. You may need to pay a solicitor’s fee and you could be exposed to changes in interest rates with some products.
The 1st and 2nd charge lender will want to know if the property is a Detached freehold house or a Leasehold house and if the resident is an AST Tenant.
It is usual to encounter people seeking out monthly payment life time mortgage, monthly payment life time mortgage or home reversion schemes, however, Lifetime Mortgage from L&G like Maximum cover Equity Release are keen to see proof of your circumstances in the form of investment statements.