- Remove tax-free money from your property
- No monthly repayments for the people 55 plus
- Help your family to buy a home
- Still, have a few more mortgages payments to make? No problems.
- Continue to stay in your home as long as you like
Areas where retirement mortgages are popular
- Enfield
- Market Deeping
- Finchley
- Rochford
- Ashford
- Royal Wootton Bassett
- St Helens
- Ringwood
- Dawley
- Ossett
- Stowmarket
- Langport
- Wath-upon-Dearne
- Faversham
- Aviva Lifestyle Flexible Option
- Just Retirement Equity Release Plans
- Liverpool Victoria LV= Lump Sum Plus Lifetime Mortgage
- Age Partnership Interest Only Lifetime Mortgage
- Nationwide Equity Release
- HSBC Interest Only Lifetime Mortgage
- Lloyds Bank Equity Release Plans
- Saga Equity Release Schemes
- More2Life Capital Choice Plan
- Canada Life Landlord Voluntary Select Plan
- Liverpool Victoria LV= Lump Sum Plus Lifetime Mortgage
- Age Partnership Equity Release Plans
- Aviva Equity Release Plans
- Canada Life Lifestyle Gold Flexi
- Hodge Equity Release Plans
- Just Retirement Equity Release
- Liverpool Victoria LV= Lump Sum Plus Lifetime Mortgage
- Pure Retirement Equity Release
Equity Release Loan To Value for Aviva Home Equity Release 55 plus
- 55% lumpsum lifetime mortgages Old Mutual Wealth
- 55% loan to value lifetime mortgage with flexible drawdown cash release Key Solutions
- 60% loan to value (LTV) monthly payment lifetime mortgage Paragon Personal Finance
- 25% loan to value lumpsum lifetime mortgages Paragon Residential
It is common to encounter people searching for lump sum lifetime mortgages, monthly payment lifetime mortgage or lifetime mortgage with flexible drawdown cash release, however, Bower like VitalityLife Equity Release are keen to see paperwork to show your personal situation in the form of bank statements.
Retired business owners that may be interested in Home Reversion Schemes
- Service activities incidental to air transportation Woodstock
- Hotels and similar accommodation Goole
- Manufacture of printed labels Stafford
- Manufacture of man-made fibres Blyth
- Other social work activities without accommodation n e c Weybridge
- Treatment and disposal of hazardous waste Highworth
- Operation of warehousing and storage facilities for air transport activities Chipping Norton
- Repair of household appliances and home and garden equipment Cheadle
- Wholesale of china and glassware and cleaning materials Windermere
- Repair of watches, clocks and jewellery Burslem
- Manufacture of caravans Reigate
- Life insurance Ashton-under-Lyne
- Life reinsurance Stocksbridge
- Processing and preserving of meat Wells-next-the-Sea
- Retail sale via stalls and markets of other goods Diss
- Television programme production activities St Blaise
- Other letting and operating of own or leased real estate Dunwich
- Other service activities incidental to land transportation, n e c Southsea
- Wholesale of coffee, tea, cocoa and spices Bolton
- Motion picture distribution activities Earby
- Reproduction of computer media Castle Cary
Just Mortgages
LV Lifetime Mortgages
UK Equity Release Scheme Providers
- Age Concern
- Pure Retirement
- More2Life
Equity Release LTV
The older you are and the unhealthier you are the more cash you can release.
The lender will want to know if the property is a Semi detached freehold house or a Leasehold flat with a share of freehold and if the resident is an AST Tenant.
Disadvantages of Interest Only Lifetime Mortgages
A monthly payment lifetime mortgage can reduce the value of your estate. Lumpsum lifetime mortgages may impact the ability to claim entitlements. You may need to pay a legal fee and you could have higher rates to pay with some schemes.
Hard to mortgage home types include properties currently undergoing substantial alterations, extensions or repairs, age restricted properties, freehold houses and bungalows (England, Wales, Northern Ireland), leasehold properties (with the exception of flats and maisonettes) and properties with owned solar panels.
Many of the most appealing retirement loan offerings are Lloyds interest only mortgages for people over 70, HSBC mortgages for people over 50, Natwest lifetime mortgages, Legal & General mortgages for people over 50 and Nationwide later life borrowing schemes.
Hard to finance property variants include properties with post 1945 asbestos or similar composition roof tiles , properties with single skin brickwork where the single skin comprises more than 20% of the surface area of the external walls, privately developed flats, maximum four storeys with a lift, coach houses i.e. freehold properties with garages beneath and freehold flats (England, Wales, Northern Ireland).
Common LTV percentages of TSB remortgages for people over 50 years old, Barclays Bank lifetime mortgages for over 60s, Halifax interest only mortgages for people over 70, Legal and General mortgages for over 50 year olds, Bank of Scotland interest only mortgages for people over 60 and Nationwide BS mortgages for 60 plus pensioners are 35%, 55% and 70%.
Challenging to mortgage home titles can include properties with land in addition to the domestic grounds up to a maximum property size of five acres, where the land is for normal domestic use, properties with a large number/scale of outbuildings, properties with a small number of solar panels or a wind turbine on the land for domestic use, properties where there is a self-contained part of the property or annexe, i.e. basement flat etc and properties adversely affected by existing or proposed issues including roads, rail, airports, power plants, power lines/pylons, wind turbines, sub stations, sewage works, quarries, fuel stations, refuse sites, sports grounds, noise, light or environmental pollution.
Challenging to mortgage home titles include rentcharges properties with a high estate rentcharge, ground rent where the lease or any deed varying the lease provides for a ground rent exceeding, or where the escalating provisions would result in the ground rent exceeding £250 per annum (or £1000 per annum where the property is in Greater London), properties with structural problems, thatched buildings and Airey, Boot, Cornish Unit, Dorran, Dyke, Gregory, Hamish Cross, Myton, Newland, Orlit and Parkinson Frame.
How much money can I release?
You can borrow 60% of your property’s value. For example, if your house is worth £280000 you can borrow £168000.
- HSBC Equity Release Retirement
- HSBC Retirement Mortgage Uk
- Natwest Retirement Mortgage Interest Only
- Natwest
- Lloyds Bank Lifetime Mortgage Fixed Rate
- Lloyds Retirement Mortgage Advice
- Nationwide Equity Release Advice
- Lloyds Bank Retirement Mortgages Home
- HSBC Lifetime Mortgage Home Reversion Plan
- Halifax Equity Release Retirement
- Lloyds Equity Release Advice
- Lloyds Lifetime Mortgage Home Reversion Plan
- Santander Equity Release Best Deals
- Nationwide Retirement Mortgage Broker
- Natwest Lifetime Mortgage Advisers
- Halifax Retirement Mortgage Loan
