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 more aged you are and the the more illnesses you have you are the more tax free money you can release.
Monthly payment life time mortgage can reduce the value of your estate. Monthly payment lifetime mortgage may impact entitlements to benefits. You may need to pay an advisor’s fee and some products expose you to changes in interest rates.
It’s very regular to encounter individuals looking for lump sum lifetime mortgages, monthly payment life time mortgage or home reversion plans, however, Key Solutions like Royal London Equity Release are keen to see paperwork to show your personal circumstances in the form of pension statements.
The mortgage lender will want to know if the property is a Freehold terraced house or a Leasehold house and if the resident is an Owner Occupier.