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 very regular to find people seeking out monthly payment life time mortgage, lumpsum lifetime mortgages or lifetime mortgage with flexible drawdown cash release, however, Legal and General like Zurich are keen to see paperwork to show your situation in the form of investment statements.
Interest-only lifetime mortgages can reduce the inheritance for your family. Lifetime mortgage with flexible drawdown cash release may impact entitlements to benefits. You may need to pay an advisor’s fee and some products expose you to changes in interest rates.
The 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 Owner Occupier.