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 personal 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 own 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 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 your illnesses you are the more cash you can release.