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
It’s very regular to find individuals searching for home reversion schemes, lumpsum lifetime mortgages or lifetime mortgage with flexible drawdown cash release, however, Age Concern like AIG Life are keen to see paperwork to show your circumstances in the form of pension statements.
Interest-only lifetime mortgages can reduce your estate value. Lumpsum lifetime mortgages may impact the ability to claim entitlements. You may need to pay a broker’s fee and some products expose you to changes in interest rates.
The mortgage lender will want to know if the property is a Freehold house or a Leasehold flat with share of freehold and if the resident is an Owner Occupier Primary Residence.
The older you are and the more serious your illnesses you are the more tax-free cash you can release.