- Remove tax-free money from your home
- No need to make monthly payments
- Help your family to buy another home
- Still, have a few more mortgages payments to make? We can help with that
- Stay living in your own house for as long as you like
- Bridgewater Equity Release Plans
- Just Retirement Equity Release Schemes
- Liverpool Victoria LV Equity Release Plans
- Royal Bank of Scotland Interest Only Lifetime Mortgage
- Saga Lifetime Mortgage
- Hodge Equity Release Plans
- L&G Legal & General Flexi Max Voluntary Repayment Plan
- Nationwide Interest Only Lifetime Mortgage
- Royal Bank of Scotland Equity Release
- Saga Equity Release Plans
- Bridgewater Equity Release Plans
- Canada Life Lifetime Mortgage
- Just Retirement Drawdown Lifetime Mortgage
- More to Life Capital Choice Plan
- NatWest Equity Release Plans
- Saga Equity Release Schemes
- Age Partnership Equity Release Plans
- L&G Legal & General Flexible Max Scheme
- More2Life Capital Choice Plan
- Stonehaven Equity Release Scheme
- Saga home reversion plan
- Age Partnership Equity Release
Providers for Equity Release
- Key Retirement
- LV lifetime mortgage
- Aviva
- Aegon
Equity Release Loan To Value
- 50% interest-only lifetime mortgages VitalityLife Equity Release
- 60% loan to value lump sum lifetime mortgages Equifinance
- 45% loan to value home reversion plans West One
- 25% LTV interest-only lifetime mortgages Scottish Building Society
- 50% loan to value (LTV) home reversion plans More2Life
- 30% loan to value lump sum lifetime mortgages Loughborough Building Society
- 60% loan to value (LTV) lifetime mortgage with flexible drawdown cash release 1st Stop Home Loans
The 1st and 2nd charge lender will want to know if the property is a Freehold house or a Leasehold house and if the resident is an Owner Occupier.
It’s usual to find individuals seeking out home reversion schemes, lumpsum lifetime mortgages or interest-only lifetime mortgages, however, Key Retirement like LV Liverpool Victoria are keen to see proof of your personal situation in the form of investment statements.
Pitfalls of Lifetime Mortgages
A lifetime mortgage with flexible drawdown cash release can reduce the value of your estate. Monthly payment equity release may impact the ability to get state benefits. You may need to pay a legal fee and you could be exposed to changes in interest rates with some products.
Difficult to mortgage property types can include properties where proposed building works have not yet commenced, properties where the ownership is set up on a tenancy in common basis, feuhold/freehold properties (including flats) in Scotland, leasehold properties (with the exception of flats and maisonettes) and properties owned under any form of shared equity scheme.
Appealing pensioner finance products are TSB over 60 lifetime mortgages, HSBC mortgages for pensioners, Post Office retirement mortgages, Legal and General pensioner mortgages and Nationwide pensioner mortgages.
Hard to finance home variants can include properties with post 1945 asbestos or similar composition roof tiles , 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 two storeys without a lift and privately developed flats in blocks of three or four storeys without a lift.
Popular loan to value ratios of Lloyds Bank interest only retirement mortgages for over 70s, Barclays interest only retirement mortgages for over 70s, Post Office retirement interest only mortgages over 75, Legal & General interest only mortgages for people over 70, Royal Bank of Scotland later life mortgages for over 70s and Nationwide Building Society mortgages for over 70s are 50%, 60% and 70%.
Challenging to finance property variants 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 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 where Japanese Knotweed is present.
Tough to finance home titles can include properties with legal agreements such as Overage, Clawback, Option, Pre-emption, or any onerous Restrictive Covenant, leasehold properties with a short lease, typically less than 70 years, or a defective lease, the property is uninhabitable, thatched buildings and properties that have never been registered with the land registry.
How much cash can I borrow?
You can release 60% of your property’s valuation. For example, if your home is valued at £210000 you can borrow £126000.
Towns where equity release is popular
- Filton
- Potton
- Weymouth
- Shoreham-by-Sea
- St Ives
- Normanton
- Heywood
- Billericay
- Mirfield
- Bollington
- Wendover
- Snaith and Cowick
- Halewood
- Preesall
- Brierley
- Harworth and Bircotes
- Kendal
- Thorpe St Andrew
- Uckfield
- Middlewich
Hodge Lifetime Lifetime Mortgages
- Nationwide Equity Release Interest Rates
- Nationwide
- Lloyds Retirement Mortgage Interest Rate
- Natwest Lifetime Mortgage Reviews
- Halifax Retirement Mortgage Reviews
- Lloyds
- Halifax Equity Release Brokers Uk
- Lloyds Bank Equity Release On Second Homes
- Lloyds Bank Retirement Mortgages Home
- Santander Lifetime Mortgage Calculator
- Natwest Equity Release Retirement
- Natwest Retirement Mortgage Broker
- Halifax Lifetime Mortgage Comparison
- Santander Retirement Mortgage Uk
- Lloyds
- HSBC Retirement Mortgage Calculator
Equity Release LTV Percentages
The more aged you are and the more serious your illnesses you are the more money you can release. Canada Life Prestige Options Flexi Equity Release
Wealthy business owners who could benefit from equity release estate planning – Canada Life Prestige Options Flexi Equity Release
- Operation of sports facilities Teignmouth
- General public administration activities Sutton
- Event catering activities Raunds
- Wholesale of perfume and cosmetics Askern
- Translation and interpretation activities Keighley
- Wholesale of other food, including fish, crustaceans and molluscs Bromyard
- Retail of furniture, lighting, and similar not musical instruments or scores in specialised store West Tilbury
- Manufacture of paints, varnishes and similar coatings, mastics and sealants Penzance
- Manufacture and processing of other glass, including technical glassware Hastings
- Wholesale of tobacco products Wareham
- Manufacture of musical instruments Yeovil
- Operation of warehousing and storage facilities for air transport activities Bradley Stoke
- Construction of water projects Accrington
- Post-graduate level higher education Berkeley
- Other activities auxiliary to insurance and pension funding Long Sutton
- Manufacture of machinery for paper and paperboard production Stotfold
- Agents involved in the sale of fuels, ores, metals and industrial chemicals Stanley
- Construction of bridges and tunnels Wigan
- Distilling, rectifying and blending of spirits Broadstairs and St Peters
- Repair and maintenance of aircraft and spacecraft Stafford
- Manufacture of paper and paperboard Reading
