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
Interest-only lifetime mortgages can reduce the value of your estate. A monthly payment lifetime mortgage may impact the ability to get state benefits. You may need to pay a valuation fee and you could have higher rates to pay with some schemes.
It’s very regular to discover individuals searching for interest-only lifetime mortgages, lump sum life time mortgages or lifetime mortgage with flexible drawdown cash release, however, Lifetime Mortgage from L&G like Zurich are keen to see paperwork to show your situation in the form of bank statements.
The more aged you are and the the more illnesses you have you are the more money you can release.
The 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 AST Tenant.