Its often found to encounter people looking for monthly payment equity release, interest-only lifetime mortgages or interest-only lifetime mortgages. However, More2Life like Zurich are keen to see proof of your situation in the form of pension statements.
Can be used to manage inheritance tax bills and interest rates can be quite low. Help a member of your family buy their own home that they couldn’t afford otherwise or pay down your credit cards and loans, so you have more monthly disposable income.
The 1st and 2nd charge lender will want to know if the property is a Semi detached freehold house or a Leasehold flat with share of freehold and if the resident is an Owner Occupier Primary Residence.
Its often found to find individuals searching for interest-only lifetime mortgages, monthly payment lifetime mortgage or monthly payment equity release, however, More2Life like The Exeter Equity Release are eager to see evidence of your circumstances in the form of bank statements.
Interest-only lifetime mortgages can reduce your estate value. Lump sum lifetime mortgages may impact the ability to claim entitlements. You may need to pay an advisor’s fee, and you could have higher rates to pay with some schemes.
The older you are and the more serious the illnesses you have, the more cash you can release.
Lloyds has a variety of lending products that may be suitable for you to get the money that is tied up in your home. As it’s a major prime bank, you can reasonably expect very competitive interest rates.
Lloyds Bank plc registered office:
25 Gresham Street,
London EC2V 7HN.
Registered in England and Wales No. 2065.