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 tax free cash you can release.
It’s often found to encounter individuals searching for interest-only lifetime mortgages, lumpsum lifetime mortgages or interest-only lifetime mortgages, however, Age Partnership like Maximum cover Equity Release are keen to see paperwork to show your situation in the form of pension statements.
The 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 Primary Residence.
Monthly payment equity release can reduce the value of your estate. Lumpsum lifetime mortgages may impact ability to claim benefits. You may need to pay an advisor’s fee and some products expose you to changes in interest rates.