It’s often found to discover individuals looking for monthly payment lifetime mortgage, interest-only lifetime mortgages or monthly payment lifetime mortgage, however, Bower like Zurich are keen to see evidence of your personal situation in the form of pension statements.
Could be used to manage inheritance tax bills and interest rates on the money can be appealing. Low cost way of helping family to buy their own home or pay off your own debts like loans and credit cards so you have lower monthly outgoings.
The lender will want to know if the property is a Detached freehold house or a Leasehold flat with share of freehold and if the resident is an Owner Occupier.
Its common to encounter people searching for lifetime mortgage with flexible drawdown cash release, monthly payment life time mortgage or interest-only lifetime mortgages, however, Aviva like Legal & General are eager to see evidence of your circumstances in the form of investment statements.
Lumpsum lifetime mortgages can reduce the value of your estate. Lumpsum lifetime mortgages may impact ability to get state benefits. You may need to pay a valuation fee and you could have higher rates to pay with some schemes.
The more aged you are and the sicker you are the more tax free money you can release.
Yorkshire Bank have a variety of lending products which can offer great value if you want to remove equity tied up in your home.
Headquarter Leeds, UK
Key People David Duffy (CEO)
Head Office 20 Merrion Way, Leeds, LS2 8NZ
Phone 08447 368-368
Lost or Stolen Cards (24hour): 08456 060 622 (UK), +44 (0) 113 2881403 (from abroad)
Official Site www.ybonline.co.uk Website
SWIFT Code YORKGB21