If you don’t want a lifetime mortgage or equity release, and just want a normal interest only mortgage at 1.97% regardless of your age please Click Here
Not interested in equity release? Do you just want a conventional interest only mortgage at 1.97% regardless of your age please Click Here
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 Assured shorthold tenancy tenant.
Lumpsum lifetime mortgages can reduce the value of your estate. Home reversion plans may impact entitlements to benefits. You may need to pay a valuation fee and some products expose you to changes in interest rates.
The older you are and the sicker you are the more tax free money you can release.
It is usual to find individuals searching for monthly payment lifetime mortgage, monthly payment lifetime mortgage or interest-only lifetime mortgages, however, Bower like LV Liverpool Victoria are keen to see paperwork to show your personal situation in the form of pension statements.