- Remove tax-free money from your property
- No monthly repayments
- Help a family member buy their own home with a smaller mortgage
- Continue to stay in your house
Towns where equity release is popular
- Whitby
- Tipton
- South Elmsall
- Kingsteignton
- Berwick-upon-Tweed
- Malvern
- Hinckley
- Uckfield
- Southend-on-Sea
- Alton
The lender will want to know if the property is a Detached freehold house or a Leasehold flat and if the resident is an Assured shorthold tenancy tenant.
Equity Release LTV
- 55% lump sum lifetime mortgages LV Liverpool Victoria
- 40% loan to value monthly payment equity release Step Change
- 50% LTV lumpsum lifetime mortgages Paragon Personal Finance
- 25% loan to value lifetime mortgage with flexible drawdown cash release Nationwide Building Society
- 50% LTV lifetime mortgage with flexible drawdown cash release Key Solutions
- 55% loan to value (LTV) home reversion plans 1st Stop Home Loans
- 25% LTV monthly payment life time mortgage Evolution Money
- 30% loan to value monthly payment lifetime mortgage Chorley Building Society
It’s very regular to encounter people searching for home reversion plans, monthly payment life time mortgage or monthly payment equity release, however, Just Retirement like VitalityLife Equity Release are keen to see paperwork to show your personal situation in the form of bank statements.
- Pure Retirement Classic Voluntary Payment Super Lite
- Nationwide Equity Release Plans
- Age Partnership Equity Release
- Just Retirement Equity Release Plans
- Stonehaven Equity Release Plan
- Aviva Equity Release Plans
- Hodge Equity Release Schemes
- Just Retirement Drawdown Lifetime Mortgage
- Nationwide Equity Release Plans
- More to Life Flexi Choice Drawdown Lite Plan
- Aviva Equity Release Plans
- Canada Life Equity Release Schemes
- More2Life Flexi Choice Drawdown Lite Plan
Equity Release Scheme Lenders
- Age Concern
- LV lifetime mortgage
- More2Life
How much is it common to release from a home
The older you are and the unhealthier you are the more tax free money you can release.
Downsides of Lifetime Mortgages
Home reversion schemes can reduce your estate value. Monthly payment equity release may impact entitlements to benefits. You may need to pay a legal fee and you could have higher rates to pay with some schemes.
Legal and General Retirement Mortgages
Aviva Drawdown Lifetime Mortgages
Canada Life Retirement Mortgages
Pure Retirement Mortgages
Wealthy business owners who could benefit from equity release estate planning
- Motion picture, television and other theatrical casting activities Fareham
- Retail sale via stalls and markets of textiles, clothing and footwear Lydd
- First-degree level higher education Edgware
- Retail sale of books in specialised stores March
- Other treatment of petroleum products excluding petrochemicals manufacture Cheadle
- Sale of used cars and light motor vehicles Castleford
- Manufacture of non-domestic cooling and ventilation equipment North Hykeham
- Manufacture of magnetic and optical media Bulwell
- Growing of other non-perennial crops Aspatria
- Financial management Maryport
- Other mining and quarrying n e c Goole
- Processing and preserving of fish, crustaceans and molluscs Sutton Coldfield
- Construction of utility projects for electricity and telecommunications Richmond
- Operation of warehousing and storage facilities for water transport activities Wooler
- Wholesale of other intermediate products Southport
- Growing of tropical and subtropical fruits Bromyard
- Building of pleasure and sporting boats Cotgrave
- Specialised cleaning services Harpenden
- Construction of railways and underground railways Burntwood
- Activities of real estate investment trusts Clay Cross
- Manufacture of prepared meals and dishes Grantham
