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
It’s often found to find people looking for lifetime mortgage with flexible drawdown cash release, monthly payment life time mortgage or home reversion schemes, however, More2Life like Royal London Equity Release are keen to see evidence of your circumstances in the form of bank statements.
The older you are and the the more illnesses you have you are the more tax free cash you can release.
The mortgage lender will want to know if the property is a Semi detached freehold house or a Leasehold house and if the resident is an Private Tenant.
Monthly payment life time mortgage can reduce the value of your estate. Home reversion schemes may impact ability to get state benefits. You may need to pay a broker’s fee and some products expose you to changes in interest rates.