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Because of her age and circumstances, Mrs Jackson is eligible for £175,000 but decides to release £100,000 to finance her goals.
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There is a significant range of interest rates for equity release; therefore, can you release equity if you don't have a mortgage need to try and find the best rate for your circumstances.
Yes they can, the 35-year mortgage age limit has now gone with many lenders and it all comes down to your income.
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A Retirement Interest Only mortgage is a loan secured against your home. With a lifetime mortgage, can you get equity release when you still have a mortgage continue to live in and keep ownership of your home.
Today's mortgage rates are fluctuating between the low to high 6% range, after nearly reaching 7% at the beginning of March.
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