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 older you are and the more serious your illnesses you are the more money you can release.
Interest-only lifetime mortgages can reduce the inheritance for your family. Lump sum lifetime mortgages may impact entitlements to benefits. You may need to pay a legal fee and you could have higher rates to pay with some schemes.
It’s often found to encounter people looking for home reversion schemes, monthly payment life time mortgage or lifetime mortgage with flexible drawdown cash release, however, Just Retirement like Zurich are keen to see paperwork to show your personal circumstances in the form of pension statements.
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 Assured shorthold tenancy tenant.