It’s very regular to find individuals searching for home reversion schemes, lifetime mortgage with flexible drawdown cash release or monthly payment equity release, however, Lifetime Mortgage from L&G like Old Mutual Wealth is keen to see proof of your circumstances in the form of investment statements.
Canada Life – Landlord Voluntary Select Plan
Canada Life Lifestyle Gold Flexi
Canada Life Lifestyle Lite Flexi
Canada Life Interest Select Gold Flexi
Canada Life Prestige Flexi Option
Canada Life – Second Home Voluntary Select Plan
Canada Life – Voluntary Select Gold
Canada Life – Voluntary Select Gold Flexi
These are current Canada Life UK deals listed above
Can be used to optimise tax planning and interest rates can be attractive. A low-cost way of helping the family to buy their own home or pay off your debts like loans and credit cards, so you have more monthly disposable income.
The 1st and 2nd charge 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 AST Tenant.
It is usual to discover individuals looking for lump sum lifetime mortgages, monthly payment lifetime mortgage or monthly payment equity release, however, Age Concern like Maximum cover Equity Release are eager to see evidence of your situation in the form of investment statements.
Lumpsum lifetime mortgages can reduce your estate value. Home reversion schemes may impact the ability to claim entitlements. You may need to pay a solicitor’s fee and some products expose you to changes in interest rates.
The older you are and the more serious the illnesses you have, the more money you can release.