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 unhealthier you are the more money you can release.
It’s very regular to encounter people looking for lumpsum lifetime mortgages, lump sum life time mortgages or lifetime mortgage with flexible drawdown cash release, however, Age Partnership like The Exeter Equity Release are keen to see paperwork to show your situation in the form of investment statements.
The mortgage lender will want to know if the property is a Detached freehold house or a Leasehold flat and if the resident is an AST Tenant.
Home reversion schemes can reduce your estate value. Lifetime mortgage with flexible drawdown cash release may impact ability to claim entitlements. You may need to pay a broker’s fee and you could be exposed to changes in interest rates with some products.