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Not interested in equity release? Do you just want a conventional interest only mortgage at 1.97% regardless of your age please Click Here
It’s usual to encounter individuals seeking out lump sum lifetime mortgages, lumpsum lifetime mortgages or lifetime mortgage with flexible drawdown cash release, however, the Telegraph like Legal & General are keen to see evidence of your personal situation in the form of pension statements.
The 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 aged you are and the unhealthier you are the more tax free cash you can release.
Monthly payment life time mortgage can reduce your estate value. Monthly payment lifetime mortgage may impact ability to claim benefits. You may need to pay a legal fee and you could have higher rates to pay with some schemes.