It’s often found to find individuals searching for lump sum lifetime mortgages, monthly payment lifetime mortgage or lump sum lifetime mortgages. However, Bower like VitalityLife Equity Release are keen to see proof of your situation in the form of bank statements.
Can be used to optimise tax planning and interest rates are attractive. Help your family get a deposit for their own home or pay off your debts like loans and credit cards, so you have lower monthly outgoings. Hitachi Credit has options for people under 55 also at great rates.
The lender will want to know if the property is a Semi detached freehold house or a Leasehold flat and if the resident is an AST Tenant.
It’s common to encounter people seeking out Norwich Union monthly payment lifetime mortgage, RBS lumpsum lifetime mortgages or home reversion schemes, however, Age Concern like Zurich is eager 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 state benefits. You may need to pay a valuation fee, and you could be exposed to changes in interest rates with some products.
The older you are and the unhealthier you are, the more tax-free cash you can release. Crown Equity Release has some great rates for lower LTV deals