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 more elderly you are and the the more illnesses you have you are the more cash you can release.
Interest-only lifetime mortgages can reduce your estate value. Home reversion plans may impact ability to claim entitlements. You may need to pay a valuation fee and you could have higher rates to pay with some schemes.
The mortgage lender will want to know if the property is a Detached freehold house or a Leasehold house and if the resident is an Owner Occupier.
It’s very regular to find individuals searching for home reversion schemes, lump sum life time mortgages or lifetime mortgage with flexible drawdown cash release, however, Key Retirement like Legal & General are keen to see paperwork to show your circumstances in the form of bank statements.