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 Detached freehold house or a Leasehold house and if the resident is an Owner Occupier Primary Residence.
It’s very regular to encounter people seeking out lump sum lifetime mortgages, lumpsum lifetime mortgages or home reversion schemes, however, Just Retirement like Old Mutual Wealth are keen to see paperwork to show your personal situation in the form of bank statements.
The more aged you are and the unhealthier you are the more tax free money you can release.
Lump sum lifetime mortgages can reduce the value of your estate. Interest-only lifetime mortgages may impact ability to claim benefits. You may need to pay a solicitor’s fee and some products expose you to changes in interest rates.