If you don’t want a lifetime mortgage or equity release, and just want a normal interest-only mortgage at 1.97% regardless of your age please Click Here
Not interested in equity release? Do you just want a conventional interest-only mortgage at 1.97% regardless of your age please Click Here
It is often found to find individuals looking for home reversion schemes, monthly payment life time mortgage or lifetime mortgage with flexible drawdown cash release, however, More2Life like Royal London Equity Release are keen to see paperwork to show your personal circumstances in the form of bank statements.
Lump sum lifetime mortgages can reduce your estate value. Monthly payment life time mortgage may impact entitlements to benefits. You may need to pay a legal fee and you could be exposed to changes in interest rates with some products.
The mortgage lender will want to know if the property is a Semi detached freehold house or a Leasehold flat and if the resident is an Owner Occupier.
The older you are and the unhealthier you are the more tax free cash you can release.