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 lender will want to know if the property is a Freehold house or a Leasehold house and if the resident is an Owner Occupier.
Interest-only lifetime mortgages can reduce your estate value. Monthly payment equity release may impact ability to get state benefits. You may need to pay a broker’s fee and you could have higher rates to pay with some schemes.
It’s usual to find individuals seeking out lumpsum lifetime mortgages, lumpsum lifetime mortgages or lifetime mortgage with flexible drawdown cash release, however, Sunlife Plans like LV Liverpool Victoria are keen to see paperwork to show your personal circumstances in the form of bank statements.
The older you are and the sicker you are the more cash you can release.