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 older you are and the the more illnesses you have you are the more money you can release.
The 1st and 2nd charge lender will want to know if the property is a Semi detached freehold house or a Leasehold flat and if the resident is an Assured shorthold tenancy tenant.
Home reversion schemes can reduce your estate value. Lump sum lifetime mortgages may impact ability to claim entitlements. You may need to pay an advisor’s fee and you could be exposed to changes in interest rates with some products.
It’s very regular to find individuals looking for lumpsum lifetime mortgages, monthly payment life time mortgage or lifetime mortgage with flexible drawdown cash release, however, Bower like AA equity release are keen to see paperwork to show your personal situation in the form of pension statements.