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.
The 1st and 2nd charge lender will want to know if the property is a Freehold terraced house or a Leasehold flat and if the resident is an Owner Occupier.
Home reversion plans can reduce the value of your estate. Home reversion plans may impact entitlements to state benefits. You may need to pay a legal fee and some products expose you to changes in interest rates.
It is very regular to encounter people looking for monthly payment life time mortgage, lumpsum lifetime mortgages or home reversion plans, however, More2Life like AA equity release are keen to see evidence of your personal situation in the form of investment statements.