
- Remove tax-free equity from your property
- No monthly repayments for people 55 plus
- Use the money to pay off debts
- Stay living in your own property
- Often used to manage inheritance tax bills





Equity Release Loan To Value
The more aged you are and the more serious your illnesses you are the more tax free money you can release.


Its common to encounter individuals seeking out lump sum lifetime mortgages, lumpsum lifetime mortgages or monthly payment equity release, however, Age Concern like Aegon are keen to see evidence of your situation in the form of pension statements.
Disadvantages of Interest Only Lifetime Mortgages
Home reversion plans can reduce your estate value. Home reversion plans may impact entitlements to state benefits. You may need to pay a legal fee and some products expose you to changes in interest rates.


Areas where Lifetime Mortgages are common
- Mexborough
- Beverley
- Stonehouse
- Weymouth
- Solihull
- Paddock Wood
- Dunstable
- Seaton






Equity Release LTV
- 50% home reversion schemes Legal & General
- 50% loan to value (LTV) home reversion plans Together Money
- 35% loan to value (LTV) lump sum lifetime mortgages Shawbrook
- 30% loan to value monthly payment equity release Bank of Ireland
- 40% LTV monthly payment life time mortgage Prudential
- 25% loan to value lifetime mortgage with flexible drawdown cash release Barclays

Providers for Equity Release
- Lifetime Mortgage from L&G
- Prudential
- Aviva
- Prudential
- AIG Life
Retired business owners that may be interested in lifetime mortgages
- Manufacture of central heating radiators and boilers Letchworth Garden City
- Manufacture of other inorganic basic chemicals Swindon
- Manufacture of man-made fibres New Romney
- Repair of personal and household goods n e c Carshalton
- Accounting and auditing activities Barnet
- Wholesale trade of motor vehicle parts and accessories Redenhall with Harleston
- Manufacture of other electronic and electric wires and cables Launceston
- Licensed carriers Sandhurst
- Production of abrasive products Westerham
- Manufacture of fruit and vegetable juice Brighouse
- Cargo handling for air transport activities Rothbury
- Manufacture of paper and paperboard Frome
- Other sports activities Faringdon
- Inland freight water transport Hednesford
- Activities of exhibition and fair organisers Attleborough
- Manufacture of rusks and biscuits; manufacture of preserved pastry goods and cakes Spilsby
- Activities of business and employers membership organizations Penkridge
- Operation of rail passenger facilities at railway stations Ledbury
- Central banking Kirkby-in-Ashfield
- Activities of amusement parks and theme parks High Wycombe
- Manufacture of agricultural and forestry machinery other than tractors Rushden


Just
- L&G Legal & General Flexible Max Plus
- Nationwide Equity Release
- NatWest Interest Only Lifetime Mortgage
- Saga Equity Release Schemes
- Age Partnership Lifetime Mortgage
- Liverpool Victoria LV= Flexible Lifetime Mortgage
- Age Partnership Interest Only Lifetime Mortgage
- Just retirement equity release lifetime mortgages
- L&G Legal & General Premier Flexible Lifetime Mortgage
- Liverpool Victoria LV Equity Release Plans
- Pure Retirement Classic Drawdown Lite Plan
- Lloyds Bank Equity Release
- TSB Lifetime Mortgage
- Age Partnership Lifetime Mortgage
- Aviva Lifetime Mortgages for Pensioners
- Bridgewater Equity Release Schemes
- Pure Retirement Classic Voluntary Payment Super Lite
- TSB Equity Release Plans
- Saga home reversion schemes
- More 2 Life Capital Choice Plus Plan
- Age Partnership Equity Release Schemes



The mortgage lender will want to know if the property is a Freehold terraced house or a Leasehold house and if the resident is an Assured shorthold tenancy tenant.





