Cashback deal for Scottish Properties Canada Life Home Finance Lifetime Mortgage

Canada-Life

  • Release money from your home
  • Not necessary to make regular monthly payments
  • Help your family to buy a home
  • Continue to live in your own house
  • 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

Hammersmith London Home
industry body
loan amount
home's value
Under 65 Home owner
interest rates

 

Pure Retirement - Classic Super Lite Plan
home reversion schemes
form of equity release

Hard to mortgage property variants can include properties in poor condition, age restricted properties, freehold houses and bungalows (England, Wales, Northern Ireland), leasehold properties (with the exception of flats and maisonettes) and properties with leased solar panels.

Appealing retirement finance offerings are TSB later life mortgages, Barclays mortgages for pensioners, Post Office lifetime mortgages, L&G mortgages for over 70s and Nationwide mortgages for 60 plus pensioners.

Hard to mortgage home variants can include timber framed properties built before 1920, timber framed properties built between 1920 and 1965, properties with minimum floor area of 30 square metres, privately developed flats in blocks of five storeys or more and basement or lower ground floor flats with level access to private or communal garden space.

Common loan to value percentages of Lloyds Bank retirement mortgages over 70, HSBC retirement mortgages over 65, Natwest mortgages over 70s, Legal and General mortgages for 60 plus, RBS over 60 lifetime mortgages no fees and Nationwide RIO mortgages over 75 are 45%, 55% and 70%.

Tough to finance 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, properties without direct access to an adopted highway or which are accessed over an unmade road, properties using rooms, land or outbuildings for business purposes which are not personal to the borrower(s) or which extend to more than 50% of the property to be secured 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 property variants can include rentcharges properties with a high estate rentcharge, high service charges – properties where the Service Charge per annum at the time of application is more than 2% of the property value, properties with structural problems, cob property and missing planning permission or building regulations approval.

How much cash can I release?

You can borrow 65% of your home’s valuation. For example, if your house is worth £210000 you can borrow £136500.

is equity release safe
equity release schemes
equity release work

Lloyds Retirement Mortgage Providers

The lender will want to know if the property is a Freehold terraced house or a Leasehold flat with a share of freehold and if the resident is an Owner Occupier Primary Residence.

What percentage can be released?

The older you are and the unhealthier you are the more money you can release.

financial services

Equity Release LTV

  • 60% monthly payment lifetime mortgage Aegon
  • 45% loan to value home reversion plans Crown
  • 30% LTV lumpsum lifetime mortgages United Trust Bank
  • 40% loan to value monthly payment lifetime mortgage Foundation Home Loans
  • 35% LTV lifetime mortgage with flexible drawdown cash release Foundation Home Loans

 

Towns where equity release is popular

  • Sidmouth
  • Fowey
  • Normanton
  • Kenilworth
  • Stockton-on-Tees
  • Wilton
  • Lowestoft
  • Brigg
  • Clay Cross
  • Burton upon Trent
  • Bawtry
  • Southend-on-Sea
  • Tidworth
  • Tewkesbury
  • Yeovil
  • Lynton & Lynmouth
  • Bentham
  • South Shields
  • Stanhope
  • Hendon
  • Ashby-de-la-Zouch

 

Pitfalls of Home Reversion Schemes

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

cash lump sum

financial ombudsman service

  • Aviva Lifetime Mortgages Scotland
  • Canada Life Equity Release Plans
  • Age Partnership Equity Release
  • Hodge Lifetime Mortgage Flexible Drawdown Plan
  • L&G Legal & General Flexible Max Scheme
  • Pure Retirement Equity Release
  • Lloyds Bank Equity Release Schemes
  • TSB Lifetime Mortgage
  • Just Retirement Equity Release
  • Pure Retirement Equity Release Plans
  • Just Retirement Interest Only Lifetime Mortgage
  • L&G Legal & General Flexi Max Voluntary Repayment Plan
  • Pure Retirement Classic Drawdown Lite Plan Scotland
  • HSBC Lifetime Mortgage
  • Royal Bank of Scotland Lifetime Mortgage
  • More 2 Life Flexi Choice Voluntary Payment Super Lite

Crown Equity Release

More2Life Equity Release

One Family

Scottish Legal and General Drawdown Lifetime Mortgages

Scotland Lloyds Retirement Mortgage House

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Providers for Equity Release

    • the Telegraph
    • More to Life
  • Sunlife Plans
  • New Life
  • Maximum cover Equity Release

equity release equity release
How to Use a Loan Modification Calculator – Scotland Equity Releaseequity release products

Small business owners detail likely with equity to release

  • Manufacture of other technical ceramic products Poole
  • Other credit granting n e c Sandown
  • Other construction installation CleckheatonLV= Lump Sum+ Lifetime Mortgage
  • Manufacture of condiments and seasonings Chippenham
  • Manufacture of soft furnishings Cotgrave
  • Manufacture and processing of other glass, including technical glassware Warrington
  • Raising of dairy cattle Dunstable
  • Manufacture of other chemical products n e c Chipping Norton
  • Publishing of newspapers Normanton
  • Support activities for crop production Dunwich
  • Activities of other holding companies n e c Teignmouth
  • Other software publishing Brentford
  • Quantity surveying activities Rochester
  • Silviculture and other forestry activities Epping
  • Butter and cheese production Folkestone
  • Computer facilities management activities Exmouth
  • Collection of non-hazardous waste Blackwater and Hawley
  • Manufacture of non-wovens and articles made from non-wovens, except apparel Weston-super-Mare
  • Manufacture of metal structures and parts of structures Ramsey
  • Manufacture of other fabricated metal products n e c Corby
  • Manufacture of fasteners and screw machine products Banbury

 

It is very regular to find people looking for home reversion plans, lumpsum lifetime mortgages or interest-only lifetime mortgages, however, Legal and General like LV Liverpool Victoria are keen to see proof of your personal situation in the form of investment statements.