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 1st and 2nd charge lender will want to know if the property is a Semi detached freehold house or a Leasehold flat with share of freehold and if the resident is an AST Tenant.
Monthly payment life time mortgage can reduce the value of your estate. Monthly payment equity release may impact ability to claim 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 usual to discover individuals looking for monthly payment life time mortgage, lumpsum lifetime mortgages or home reversion plans, however, the Telegraph like Legal & General are keen to see evidence of your personal situation in the form of bank statements.
The more aged you are and the the more illnesses you have you are the more money you can release.