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 lender will want to know if the property is a Semi detached freehold house or a Leasehold flat and if the resident is an Owner Occupier.
Lump sum lifetime mortgages can reduce the value of your estate. Home reversion schemes may impact ability to get state benefits. You may need to pay a legal fee and some products expose you to changes in interest rates.
The more elderly you are and the unhealthier you are the more cash you can release.
It’s often found to find people seeking out lifetime mortgage with flexible drawdown cash release, monthly payment life time mortgage or home reversion plans, however, the Telegraph like VitalityLife Equity Release are keen to see evidence of your personal circumstances in the form of pension statements.