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
Not interested in equity release? Do you just want a conventional mortgage at 1.97% regardless of your age please Click Here
It is often found to encounter individuals looking for lump sum lifetime mortgages, monthly payment lifetime mortgage or lifetime mortgage with flexible drawdown cash release, however, More2Life like AIG Life are keen to see paperwork to show your situation in the form of bank statements.
The more elderly you are and the sicker you are the more money you can release.
The mortgage lender will want to know if the property is a Freehold house or a Leasehold flat with share of freehold and if the resident is an Private Tenant.
Interest-only lifetime mortgages can reduce the value of your estate. Interest-only lifetime mortgages may impact entitlements to state benefits. You may need to pay a broker’s fee and you could be exposed to changes in interest rates with some products.