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 unhealthier you are the more cash you can release.
It’s common to encounter individuals looking for lifetime mortgage with flexible drawdown cash release, monthly payment life time mortgage or interest-only lifetime mortgages, however, Age Partnership like Fortify Insurance Solutions are keen to see proof of your situation in the form of pension 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.
Lifetime mortgage with flexible drawdown cash release can reduce the inheritance for your family. Lumpsum lifetime mortgages may impact ability to claim benefits. You may need to pay a solicitor’s fee and some products expose you to changes in interest rates.