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 Detached freehold house or a Leasehold flat and if the resident is an Assured shorthold tenancy tenant.
The more aged you are and the sicker you are the more cash you can release.
It’s often found to find individuals seeking out monthly payment equity release, lump sum life time mortgages or home reversion schemes, however, Bower like The Exeter Equity Release are keen to see paperwork to show your circumstances in the form of investment statements.
Interest-only lifetime mortgages can reduce the inheritance for your family. Home reversion plans may impact ability to claim benefits. You may need to pay an advisor’s fee and some products expose you to changes in interest rates.