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 older you are and the the more illnesses you have you are the more cash you can release.
The lender will want to know if the property is a Detached freehold house or a Leasehold house and if the resident is an Private Tenant.
It’s common to encounter people searching for home reversion schemes, monthly payment life time mortgage or home reversion plans, however, Legal and General like Legal & General are keen to see evidence of your situation in the form of investment statements.
Lump sum lifetime mortgages can reduce the value of your estate. Monthly payment equity release may impact ability to claim benefits. You may need to pay a solicitor’s fee and you could have higher rates to pay with some schemes.