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 aged you are and the sicker you are the more cash you can release.
The lender will want to know if the property is a Detached freehold house or a Leasehold flat with share of freehold and if the resident is an Assured shorthold tenancy tenant.
It’s often found to discover people searching for lump sum lifetime mortgages, monthly payment life time mortgage or home reversion schemes, however, More2Life like LV Liverpool Victoria are keen to see paperwork to show your circumstances in the form of pension statements.
Lifetime mortgage with flexible drawdown cash release can reduce the inheritance for your family. Interest-only lifetime mortgages may impact entitlements to state benefits. You may need to pay a broker’s fee and some products expose you to changes in interest rates.