It’s common to find people searching for lumpsum lifetime mortgages, lump sum lifetime mortgages or home reversion plans, however, Lifetime Mortgage from L&G like The Exeter Equity Release are keen to see evidence of your situation in the form of investment statements.
Often used to optimise tax planning and interest rates can be quite low. Use the money to keep another family member away from a high loan to value mortgage or pay off your debts like loans and credit cards so you can spend more of your monthly income.
Canada Life – Landlord Voluntary Select Plan
Canada Life – Second Home Voluntary Select Plan
Canada Life – Voluntary Select Gold
Canada Life – Voluntary Select Gold Flexi
Canada Life Interest Select Gold Flexi
Canada Life Lifestyle Gold Flexi
Canada Life Lifestyle Lite Flexi
Canada Life Prestige Flexi Option
The lender will want to know if the property is a Freehold house or a Leasehold flat with share of freehold and if the resident is an Owner Occupier Primary Residence.
It is common to discover individuals searching for interest-only lifetime mortgages, monthly payment lifetime mortgage or monthly payment equity release. However, Aviva like LV Liverpool Victoria is eager to see evidence of your circumstances in the form of pension statements.
Home reversion schemes can reduce the value of your estate. A monthly payment lifetime mortgage may impact the ability to claim 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 sicker you are, the more cash you can release.