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 discover people looking for monthly payment equity release, lump sum life time mortgages or interest-only lifetime mortgages, however, Key Solutions like Aegon are keen to see evidence of your circumstances in the form of bank statements.
The lender will want to know if the property is a Freehold house or a Leasehold house and if the resident is an Private Tenant.
Monthly payment lifetime mortgage can reduce your estate value. Home reversion schemes may impact ability to get state benefits. You may need to pay a solicitor’s fee and you could have higher rates to pay with some schemes.
The more elderly you are and the sicker you are the more cash you can release.