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
Lumpsum lifetime mortgages can reduce your estate value. Home reversion schemes may impact ability to claim benefits. You may need to pay a broker’s fee and some products expose you to changes in interest rates.
The lender will want to know if the property is a Detached freehold house or a Leasehold flat and if the resident is an Assured shorthold tenancy tenant.
It’s usual to encounter individuals searching for home reversion plans, monthly payment lifetime mortgage or monthly payment equity release, however, Key Solutions like Aegon are keen to see evidence of your circumstances in the form of investment statements.
The older you are and the more serious your illnesses you are the more cash you can release.