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’s common to find individuals seeking out monthly payment life time mortgage, monthly payment lifetime mortgage or home reversion plans, however, Aviva like Fortify Insurance Solutions are keen to see evidence of your personal situation in the form of bank statements.
The 1st and 2nd charge lender will want to know if the property is a Detached freehold house or a Leasehold flat with share of freehold and if the resident is an AST Tenant.
The more elderly you are and the sicker you are the more tax free money you can release.
Monthly payment equity release can reduce the value of your estate. Monthly payment life time mortgage may impact ability to claim entitlements. You may need to pay a broker’s fee and some products expose you to changes in interest rates.