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
Home reversion schemes can reduce your estate value. Monthly payment equity release may impact entitlements to benefits. You may need to pay an advisor’s fee and some products expose you to changes in interest rates.
The older you are and the unhealthier you are the more tax free money you can release.
It is often found to find people looking for lumpsum lifetime mortgages, lumpsum lifetime mortgages or monthly payment equity release, however, Age Concern like AIG Life are keen to see evidence of your personal circumstances in the form of pension statements.
The 1st and 2nd charge lender will want to know if the property is a Freehold house or a Leasehold house and if the resident is an Owner Occupier Primary Residence.