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 elderly you are and the unhealthier you are the more cash you can release.
It’s usual to encounter people looking for monthly payment life time mortgage, monthly payment lifetime mortgage or home reversion plans, however, Key Retirement like The Exeter Equity Release are keen to see paperwork to show your personal situation in the form of investment statements.
Interest-only lifetime mortgages can reduce the value of your estate. A monthly payment lifetime mortgage may impact entitlements to benefits. You may need to pay a valuation fee and you could be exposed to changes in interest rates with some products.
The mortgage lender will want to know if the property is a Freehold terraced house or a Leasehold flat and if the resident is an Owner Occupier.