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
Monthly payment equity release can reduce your estate value. Monthly payment lifetime mortgage may impact entitlements to state benefits. You may need to pay an advisor’s fee and you could have higher rates to pay with some schemes.
The 1st and 2nd charge lender will want to know if the property is a Freehold terraced house or a Leasehold flat and if the resident is an Owner Occupier.
It’s often found to find individuals searching for lifetime mortgage with flexible drawdown cash release, monthly payment lifetime mortgage or monthly payment equity release, however, the Telegraph like Legal & General are keen to see evidence of your personal circumstances in the form of bank statements.
The older you are and the unhealthier you are the more tax free cash you can release.