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 Freehold terraced house or a Leasehold flat with share of freehold and if the resident is an AST Tenant.
Lump sum lifetime mortgages can reduce the value of your estate. Lump sum lifetime mortgages may impact ability to claim benefits. You may need to pay an advisor’s fee and you could be exposed to changes in interest rates with some products.
It’s often found to encounter individuals searching for home reversion schemes, lumpsum lifetime mortgages or interest-only lifetime mortgages, however, Age Concern like Zurich are keen to see evidence of your circumstances in the form of bank statements.
The older you are and the more serious your illnesses you are the more cash you can release.