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
Interest-only lifetime mortgages can reduce the value of your estate. Lump sum lifetime mortgages 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.
The mortgage lender will want to know if the property is a Detached freehold house or a Leasehold house and if the resident is an Owner Occupier Primary Residence.
It’s usual to encounter individuals seeking out lifetime mortgage with flexible drawdown cash release, lumpsum lifetime mortgages or lifetime mortgage with flexible drawdown cash release, however, Just Retirement like Royal London Equity Release are keen to see evidence of your circumstances in the form of bank statements.
The more elderly you are and the sicker you are the more cash you can release.