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 1st and 2nd charge lender will want to know if the property is a Detached freehold house or a Leasehold flat with share of freehold and if the resident is an Owner Occupier.
The more aged you are and 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 entitlements to state benefits. You may need to pay a solicitor’s fee and some products expose you to changes in interest rates.
It’s common to find people searching for monthly payment lifetime mortgage, lump sum life time mortgages or lifetime mortgage with flexible drawdown cash release, however, Just Retirement like AIG Life are keen to see evidence of your personal circumstances in the form of pension statements.