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 1st and 2nd charge lender will want to know if the property is a Freehold house or a Leasehold flat and if the resident is an Owner Occupier Primary Residence.
The more elderly you are and the sicker you are the more tax free money you can release.
Monthly payment lifetime mortgage can reduce the value of your estate. Home reversion schemes 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.
It is common to find people looking for monthly payment life time mortgage, lump sum life time mortgages or home reversion plans, however, Sunlife Plans like Maximum cover Equity Release are keen to see proof of your circumstances in the form of bank statements.