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
It is often found to encounter people seeking out lumpsum lifetime mortgages, monthly payment life time mortgage or home reversion schemes, however, Lifetime Mortgage from L&G like AA equity release are keen to see evidence of your circumstances in the form of pension statements.
Monthly payment equity release can reduce the value of your estate. Interest-only lifetime mortgages may impact ability to get state benefits. You may need to pay a solicitor’s fee and you could be exposed to changes in interest rates with some products.
The more aged you are and the sicker you are the more tax free money you can release.
The mortgage lender will want to know if the property is a Freehold house or a Leasehold flat and if the resident is an Private Tenant.