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
It’s very regular to encounter people looking for monthly payment life time mortgage, lump sum life time mortgages or lifetime mortgage with flexible drawdown cash release, however, Legal and General like LV Liverpool Victoria are keen to see proof of your circumstances in the form of investment statements.
The lender will want to know if the property is a Freehold terraced house or a Leasehold flat and if the resident is an AST Tenant.
The more aged you are and the unhealthier you are the more cash you can release.
Home reversion plans can reduce your estate value. Home reversion plans may impact ability to get state benefits. You may need to pay an advisor’s fee and you could have higher rates to pay with some schemes.