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 unhealthier you are the more tax free cash you can release.
It’s very regular to discover individuals seeking out monthly payment life time mortgage, lump sum life time mortgages or interest-only lifetime mortgages, however, Sunlife Plans like Aegon are keen to see paperwork to show your situation in the form of bank statements.
Home reversion plans can reduce your estate value. Monthly payment lifetime mortgage may impact entitlements to benefits. You may need to pay a broker’s fee and you could have higher rates to pay with some schemes.
The mortgage lender will want to know if the property is a Freehold house or a Leasehold flat with share of freehold and if the resident is an AST Tenant.