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 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.
Monthly payment life time mortgage can reduce the inheritance for your family. Interest-only lifetime mortgages may impact ability to claim entitlements. You may need to pay a valuation fee and you could have higher rates to pay with some schemes.
The more aged you are and the the more illnesses you have you are the more cash you can release.
It’s usual to find individuals searching for home reversion schemes, monthly payment lifetime mortgage or monthly payment equity release, however, Aviva like The Exeter Equity Release are keen to see proof of your circumstances in the form of bank statements.