Canada Life Buy to Let Equity Release

Canada-Life

  • Remove tax-free money from your property or buy to let property
  • You don’t need to make regular monthly payments unless you want an interest-only
  • Use the money to pay off debts or other mortgages
  • Continue to stay in your home for as long as you like
  • Could be used to manage inheritance tax bills
  • Your Requirements

  • Please enter a number from 9000 to 20000000.
  • About You

  • By clicking Submit and ticking the box above you agree to be contacted by email or telephone by an FCA authorised equity release advisor and confirm that you have read and agreed to our Terms & Conditions and our Privacy Policy

home's value
industry body
Canada Life Buy to Let Equity Release
Under 65 Home owner
Just Retirement - Roll-Up Lifetime Mortgage

Natwest Equity Release Interest Rates

financial services

More2Life Equity Release

Just Lifetime Mortgages

Hodge Lifetime Mortgages

Disadvantages of Interest Only Lifetime Mortgages

Monthly payment equity release can reduce your estate value. Home reversion schemes may impact ability to claim entitlements. You may need to pay a legal fee and you could be exposed to changes in interest rates with some products.

equity release schemes

UK Equity Release Providers

  • Sunlife Plans
  • Norwich Union
  • Age Partnership
  • AA equity release

Canada Life Buy to Let Equity Release

The lender will want to know if the property is a Freehold terraced house or a Leasehold flat and if the resident is an AST Tenant.

Equity Release Loan To Value on BTL property

  • 55% monthly payment lifetime mortgage Aegon
  • 50% loan to value lumpsum lifetime mortgages Norton Finance
  • 35% loan to value (LTV) lump sum lifetime mortgages West One
  • 25% loan to value monthly payment equity release Spring Finance
  • 40% LTV monthly payment equity release Optimum Credit
  • 30% loan to value lumpsum lifetime mortgages Clydesdale Bank PLC

 

Equity release is common among business owners like below

  • Temporary employment agency activities Newport
  • Manufacture of lifting and handling equipment Shifnal
  • Renting and leasing of recreational and sports goods Chorley
  • Construction of roads and motorways Penwortham
  • Information technology consultancy activities Hounslow
  • Processing and preserving of fish, crustaceans and molluscs Amble
  • Growing of beverage crops Ashby Woulds
  • Other retail sale of new goods in specialised stores not commercial art galleries and opticians Arlesey
  • Manufacture of other technical ceramic products Flitwick
  • Gathering of wild growing non-wood products Leominster
  • Environmental consulting activities Newbiggin-by-the-Sea
  • Repair of machinery Westerham
  • Manufacture of electronic components Medlar-with-Wesham
  • Other telecommunications activities Lowestoft
  • Casting of steel Heywood
  • Television programme distribution activities Driffield
  • Sale of other motor vehicles Cleobury Mortimer
  • Wholesale of fruit and vegetable juices, mineral water and soft drinks Waltham Abbey
  • Portrait photographic activities Mildenhall
  • Manufacture of paper and paperboard Fowey
  • Data processing, hosting and related activities Dunstable

interest rates

form of equity release

financial ombudsman service

Difficult to mortgage home types can include homes requiring essential repairs, age restricted properties, leasehold properties (England, Wales, Northern Ireland) subject to a lease length of 160 years, leasehold properties (with the exception of flats and maisonettes) and properties where the borrower(s) own the freehold with any connected party.

Popular retirement loan offerings are Lloyds retirement mortgages, Barclays mortgages for people 60 plus, Post Office mortgages for people over 50, Legal and General mortgages for people over 50 and Nationwide mortgages for people 60 plus.

Hard to mortgage home types include pre-fabricated reinforced concrete (PRC), properties with any externally applied insulation to the walls after construction, privately developed flats, maximum four storeys with a lift, privately developed flats in blocks of five storeys or more and privately developed flats in blocks of three or four storeys without a lift.

Common LTV ratios of Lloyds Bank pensioner mortgages over 60, Barclays Bank mortgages for people 60 plus, Natwest pensioner mortgages over 60, L&G mortgages for 60 plus, RBS mortgages for 60 plus and Nationwide Building Society mortgages for over 70s are 50%, 55% and 65%.

Challenging to mortgage property titles include grade ll Listed houses (grade C in Scotland and B2 in Northern Ireland), properties with flying or creeping freehold which comprises 15% or less of the total floor area, use of the land and any outbuildings for a small amount of personal commercial use., properties that have solar farms or a large number of wind turbines on the land and properties which have been built on a previously contaminated land are acceptable provided the result of an environmental search determines the land to be clear of contamination.

Tough to finance property titles can include properties built on contaminated land, 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 borrow?

You can borrow 65% of your property’s valuation. For example, if your house is worth £190000 you can release £123500.

home reversion plan

Natwest Equity Release On Second Homes

die or move into long term care

Equity Release percentages of your current property value

The more elderly you are and the more serious your illnesses you are the more money you can release.

isle of man

It’s very regular to find people seeking out lump sum lifetime mortgages, monthly payment lifetime mortgage or lifetime mortgage with flexible drawdown cash release, however, Age Partnership like The Exeter Equity Release are keen to see paperwork to show your circumstances in the form of pension statements.

equity release products
home improvements
Hodge Lifetime - Lump Sum Lifetime Mortgage

make monthly payments
equity release products
Pure Retirement - Classic Super Lite Plan

  • Aviva Flexible Voluntary Repayment Plan
  • Hodge Lifetime Flexible Voluntary Repayment Plan
  • Just Retirement Equity Release Schemes
  • Stonehaven Interest Select Plan
  • HSBC Equity Release Schemes
  • Lloyds Bank Lifetime Mortgage
  • More to Life Flexi Choice Drawdown Lite Plan
  • Aviva Lifetime Mortgages for Pensioners
  • Hodge Lifetime Flexible Drawdown Plan
  • Liverpool Victoria LV Equity Release Plans
  • Pure Retirement Equity Release
  • Stonehaven Interest Select Plan
  • NatWest Lifetime Mortgage
  • Age Partnership Lifetime Mortgage
  • More2Life Tailored Choice Plan
  • Just Retirement Interest Only Lifetime Mortgage
  • Liverpool Victoria LV Equity Release Plans
  • More 2 Life Tailored Choice Plan
  • Nationwide Equity Release Schemes
  • TSB Equity Release
  • NatWest Interest Only Lifetime Mortgage
  • Aviva Equity Release
  • Canada Life Voluntary Select Gold
  • HSBC Equity Release

 

Towns in the UK where retirement mortgages are routine

  • Wisbech
  • Wigton
  • Barton-upon-Humber
  • Dover
  • Dronfield
  • Hastings
  • Ashington
  • Leominster
  • Leiston
  • Grimsby
  • Scarborough
  • Haslingden
  • Ilford
  • Launceston