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 more elderly you are and the sicker you are the more money you can release.
It’s usual to encounter individuals looking for lifetime mortgage with flexible drawdown cash release, monthly payment lifetime mortgage or monthly payment equity release, however, Legal and General like Aegon are keen to see proof of your circumstances in the form of investment statements.
The 1st and 2nd charge lender will want to know if the property is a Freehold terraced house or a Leasehold flat with share of freehold and if the resident is an Assured shorthold tenancy tenant.
Home reversion plans can reduce the value of your estate. Home reversion schemes may impact ability to claim entitlements. You may need to pay a valuation fee and some products expose you to changes in interest rates.