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 money you can release.
Monthly payment lifetime mortgage can reduce your estate value. Home reversion plans may impact entitlements to state benefits. You may need to pay a broker’s fee and you could have higher rates to pay with some schemes.
The mortgage lender will want to know if the property is a Freehold house or a Leasehold house and if the resident is an AST Tenant.
It is very regular to encounter people looking for home reversion plans, monthly payment lifetime mortgage or home reversion plans, however, the Telegraph like Fortify Insurance Solutions are keen to see evidence of your situation in the form of investment statements.