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 aged you are and the unhealthier you are the more money you can release.
Lumpsum lifetime mortgages can reduce the inheritance for your family. Home reversion plans may impact ability to claim benefits. You may need to pay a solicitor’s fee and you could be exposed to changes in interest rates with some products.
It is usual to discover people looking for interest-only lifetime mortgages, monthly payment life time mortgage or lifetime mortgage with flexible drawdown cash release, however, Aviva like AA equity release are keen to see paperwork to show your situation in the form of bank statements.
The 1st and 2nd charge lender will want to know if the property is a Detached freehold house or a Leasehold flat with share of freehold and if the resident is an Owner Occupier.