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 plans can reduce the inheritance for your family. Lifetime mortgage with flexible drawdown cash release may impact entitlements to benefits. You may need to pay a broker’s fee and you could be exposed to changes in interest rates with some products.
It’s common to encounter people searching for lumpsum lifetime mortgages, lump sum life time mortgages or home reversion plans, however, Just Retirement like AA equity release are keen to see paperwork to show your personal situation in the form of pension statements.
The lender will want to know if the property is a Semi detached freehold house or a Leasehold house and if the resident is an Owner Occupier.
The more aged you are and the the more illnesses you have you are the more tax free cash you can release.