- Release money from your home with a just drawdown product
- No need to make monthly payments
- Help your family with the equity you release
- Are you still paying a mortgage? No problems
- Continue to stay in your house for as long as you like
Towns of the UK where equity release is routine
-
- Leyburn
- Arlesey
- Desborough
- Leek
- Tenbury Wells
- Barnard Castle
- Spalding
- Bishops Castle
- Ledbury
- Hounslow
- Cricklade
- Petersfield
- Tipton
- Medlar-with-Wesham
- Dawlish
- Newport
- Dover
- Ross-on-Wye
- Andover
Its often found to encounter people seeking out home reversion plans, monthly payment lifetime mortgage or home reversion schemes, however, the Telegraph like Zurich are keen to see evidence of your personal situation in the form of bank statements.
Retired business owners that may be interested in Home Reversion Schemes
- Manufacture of electricity distribution and control apparatus Bedford
- Construction of bridges and tunnels Holbeach
- Manufacture of soap and detergents Bilston
- Growing of other tree and bush fruits and nuts Edenbridge
- Agents involved in the sale of timber and building materials Redenhall with Harleston
- Manufacture of explosives Bottesford
- Manufacture of imitation jewellery and related articles Marlborough
- Manufacture of builders ware of plastic Batley
- Manufacture of non-domestic cooling and ventilation equipment Bishops Castle
- Manufacture of locks and hinges Workington
- Opencast coal working Carlton Colville
- Manufacture of prepared feeds for farm animals Chipping Campden
- Retail sale in non-specialised stores with food, beverages or tobacco predominating Peterlee
- Funeral and related activities Verwood
- Transport via pipeline Cranbrook
- Manufacture of homogenized food preparations and dietetic food Plympton
- Repair and maintenance of other transport equipment n e c Newcastle-under-Lyme
- Hunting, trapping and related service activities Worthing
- Manufacture of macaroni, noodles, couscous and similar farinaceous products Hawes
- Other retail sales of new goods in specialised stores, not commercial art galleries and opticians Grimsby
- Manufacture of other chemical products n e c Stourport-on-Severn
- Aviva Equity Release Plans
- Just Retirement Equity Release
- L&G Legal & General Flexible Max Plus
- Nationwide Equity Release Plans
- Canada Life Landlord Voluntary Select Plan
- More2Life Capital Choice Plan
- Just retirement defined benefit
- Liverpool Victoria LV Equity Release Plans
- Nationwide Equity Release Schemes
- Royal Bank of Scotland Lifetime Mortgage
- More2Life Flexi Choice Drawdown Lite Plan
- Hodge Lifetime Mortgage Plus
- More 2 Life Tailored Choice Plan
- Stonehaven Interest Select Plan
- More to Life Flexi Choice Drawdown Lite Plan
- TSB Lifetime Mortgage
- Saga home reversion schemes
- Liverpool Victoria LV Equity Release Plans
- Lloyds Bank Equity Release
- TSB Lifetime Mortgage
- Saga home reversion plan
More2Life Mortgages
Just Mortgages
Crown Mortgages
LV Drawdown Lifetime Mortgages
Hard to finance home types include properties where proposed building works have not yet commenced, properties where tenants live in a self-contained part of the property, leasehold properties where the lease length is currently unacceptable, properties with unregistered titles subject to these being registered as part of the legal process and freehold flats (England, Wales, Northern Ireland).
Appealing retirement mortgage products are Lloyds interest only mortgages for over 65 year olds, Barclays lifetime mortgages, Natwest interest only mortgages for over 70s, L&G mortgages for 60 year olds and Nationwide later life borrowing schemes.
Hard to finance property types include eco houses and modern methods of construction, properties with single skin brickwork where the single skin comprises more than 20% of the surface area of the external walls, large concrete panel systems, 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.
Popular LTV percentages of Lloyds help to buy for over 60s, Barclays Bank over 60 lifetime mortgages, Natwest later life interest only mortgages over 75, L&G mortgages for 60 plus, Royal Bank of Scotland mortgages for over 50 year olds and Nationwide BS interest only lifetime mortgages for people over 60 are 40%, 60% and 70%.
Tough to mortgage property variants can include properties built or converted into dwellings more than 10 years ago, properties converted from modern commercial premises, use of the land and any outbuildings for a small amount of personal commercial use., properties with mobile phone masts which are not within influencing distance of the house and properties where Japanese Knotweed is present.
Tough to mortgage property variants include properties will be assessed for flood risk, properties without a kitchen or bathroom, property is uninhabitable, thatched buildings and missing planning permission or building regulations approval.
How much cash can I borrow?
You can get 70% of your property’s valuation. For example, if your home is worth £350000 you can borrow £245000.
UK Equity Release Scheme Providers
- Just Retirement
- Prudential
- Key Solutions
- Zurich
Downsides of Equity Release Schemes
Monthly payment equity release can reduce the value of your estate. Lump-sum lifetime mortgages may impact the ability to get state benefits. You may need to pay an advisor’s fee and you could be exposed to changes in interest rates with some products.
The lender will want to know if the property is a Detached freehold house or a Leasehold house and if the resident is an Owner Occupier.
Equity Release Loan To Value
The older you are and the sicker you are the more tax-free money you can release.
Equity Release percentages of your current property value
- 60% home reversion schemes Royal London Equity Release
- 25% LTV lifetime mortgage with flexible drawdown cash release Platform BTL
- 55% LTV monthly payment lifetime mortgage Age Concern
- 30% loan to value (LTV) interest-only lifetime mortgages Prestige Finance
- 25% LTV monthly payment lifetime mortgage Together
justgroupplc.co.uk
Description
Just Group plc, formerly JRP Group plc and, before that, Just Retirement Group plc, is a British company specialising in retirement products and services headquartered in Reigate, Surrey. It is listed on the London Stock Exchange. Wikipedia
Stock price: JUST (LON) 55.40 GBX -0.65 (-1.16%)
Headquarters: United Kingdom
Revenue: 2.863 billion GBP (2018)
Key person: Chris Gibson-Smith
Founded: 2004https://www.polarmortgages.co.uk/wp-admin/edit.php?post_type=focus_area
Subsidiaries: Corinthian Pension Consulting Limited, MORE
registered address: Just Vale House, Roebuck Close, Bancroft Road, Reigate, Surrey, RH2 7RU.
For trustees or advisers who would like more information about our proposition, we’re here to help. Please call us on 01737 308 794 (9 am to 4 pm Monday to Friday).
DBenquiries@wearejust.co.uk
Our registered address:
Just
Vale House, Roebuck Close,
Bancroft Road,
Reigate,
Surrey,
RH2 7RU
telephone on: 01737 233288
Just group of Companies comprising: (Just Retirement Limited, Just Retirement Money Limited, HUB Financial Solutions Limited, Just Retirement Management Services Limited, Just Re 1 Limited, Partnership Home Loans Limited, Paying for Care Limited, Partnership Services Limited, Partnership Life Assurance Company Limited and Partnership Group Holdings Limited.)
The registered office for Just Group plc (reg. no. 08568957), Just Retirement group Holdings Limited (reg. no. 06930326), Just Retirement (Holdings) Limited (reg. no. 05078978), Just Retirement Limited (reg. no. 05017193), Just Retirement Money Limited (reg. no. 09415215), HUB Financial Solutions Limited (reg. no. 05125701) and Just Retirement Management Services Limited (Reg. no. 04682458) is Vale House, Roebuck Close, Bancroft Road, Reigate, Surrey RH2 7RU.
The registered office for Partnership Life Assurance Company Limited (reg. no. 05465261), Partnership Home Loans Limited (reg. no. 05108846) and Partnership Services Limited (reg. no. 05465380) is 5th Floor, 110 Bishopsgate, London, EC2N 4AY. Each company mentioned is registered in England and Wales and a member of the Just group of companies.
Just Retirement Limited and Partnership Life Assurance Company Limited are authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. HUB Financial Solutions Limited, Just Retirement Money Limited and Partnership Home Loans Limited are authorised and regulated by the Financial Conduct Authority.