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
Monthly payment life time mortgage can reduce your estate value. Lifetime mortgage with flexible drawdown cash release may impact entitlements to state benefits. You may need to pay a valuation fee and some products expose you to changes in interest rates.
It is common to discover individuals looking for monthly payment equity release, lumpsum lifetime mortgages or lifetime mortgage with flexible drawdown cash release, however, Bower like VitalityLife Equity Release are keen to see proof of your situation in the form of investment statements.
The 1st and 2nd charge lender will want to know if the property is a Detached freehold house or a Leasehold flat and if the resident is an Owner Occupier.
The more aged you are and the unhealthier you are the more cash you can release.