Mortgages: Equity Release
(asked on 30th October 2017) - View Source
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what steps he has taken to allow equity release for terminally ill people with mortgages whatever the age of that person.
This question was answered on 2nd November 2017
Lenders are not restricted from offering equity release products to terminally ill people.
Decisions around the pricing and availability of individual mortgage loans, including age limits, are commercial decisions for lenders, and the Government does not seek to intervene in these.