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 Detached freehold house or a Leasehold flat and if the resident is an AST Tenant.
It is usual to discover individuals searching for lump sum lifetime mortgages, monthly payment lifetime mortgage or interest-only lifetime mortgages, however, Key Retirement like The Exeter Equity Release are keen to see evidence of your personal circumstances in the form of investment statements.
The more elderly you are and the the more illnesses you have you are the more money you can release.
Home reversion schemes can reduce the value of your estate. Lumpsum lifetime mortgages may impact entitlements to state benefits. You may need to pay an advisor’s fee and you could have higher rates to pay with some schemes.