Halifax Equity Release for UK Property Owners

halifax equity release RIO

  • Release money from your house with Halifax Equity Release
  • You don’t need to make monthly payments
  • Use the money to buy another house
  • Continue to stay in your house for as long as you like
  • Can be used to optimise tax planning
  • Your Requirements

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

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industry body
equity release lifetime
Homeowner in their 60s
Home equity Tied Up
financial adviser
Aviva Equity Release
Crown Lifetime Mortgages
Legal and General Lifetime Mortgages
Pure Retirement Mortgages
Aviva Mortgages
amount you owe
home reversion schemes
bank holidays
It is common to find people looking for home reversion schemes, monthly payment lifetime mortgage or interest-only lifetime mortgages, however, Key Retirement like AA equity release are keen to see evidence of your situation in the form of investment statements.
financial ombudsman service

Equity Release Providers

  • Aviva
  • New Life
  • Sunlife Plans
  • Step Change

Halifax Equity Release

Examples of retired business owners likely to have equity to release

  • Manufacture of knitted and crocheted hosiery Woburn Sands
  • Wholesale of meat and meat products Guisborough
  • Washing and dry- cleaning of textile and fur products Nelson
  • Distribution of gaseous fuels through mains Shifnal
  • Manufacture of sports goods Downham Market
  • Other mining and quarrying n e c Congleton
  • Non-trading company Fordingbridge
  • Manufacture of other organic basic chemicals Doncaster
  • Other letting and operating of own or leased real estate Oldbury
  • Farm animal boarding and care Brierfield
  • Manufacture of ceramic tiles and flags Hessle
  • Wholesale of watches and jewellery Sandown
  • Disinfecting and exterminating services Wareham
  • Marine fishing Grimsby
  • Treatment and disposal of hazardous waste Saffron Walden
  • Mineral oil refining Kirkham
  • Wholesale of pharmaceutical goods Harlow
  • Activities of investment trusts Oswestry
  • Retail sale of cosmetic and toilet articles in specialised stores Dursley
  • Public houses and bars Billingham
  • Other processing and preserving of fruit and vegetables Silsden

equity release products

Towns of the UK where Halifax Equity Release is popular

  • Tynemouth
  • Alcester
  • Caistor
  • Cricklade
  • Brampton
  • Filton
  • Tetbury
  • Guisborough
  • Market Weighton
  • Romsey
  • Torquay
  • Barnet
  • Blackburn

Natwest Retirement Mortgage Interest Rates

Equity Release LTV Percentages

The more elderly you are and the more illnesses you have you are the more tax-free cash you can release.

Equity Release percentages of your current property value

  • 55% monthly payment equity release Legal & General
  • 40% loan to value lifetime mortgage with flexible drawdown cash release Pepper
  • 25% loan to value monthly payment equity release 1st Stop
  • 40% loan to value monthly payment Halifax Equity Release
  • 30% loan to value monthly payment lifetime mortgage Platform BTL

Difficult to mortgage home types include properties currently undergoing substantial alterations, extensions or repairs, properties where multiple third parties are living in an annexe, leasehold properties (England, Wales, Northern Ireland) subject to a lease length of 160 years, properties where the customer is offering only part of the title as security for the loan and properties with owned solar panels.

Many of the most appealing retirement finance offerings include Lloyds equity release schemes, HSBC retirement interest only mortgages, Halifax pensioner mortgages over 70s, Legal & General equity release schemes and Nationwide later life mortgages.

Hard to finance property variants can include pre-fabricated reinforced concrete (PRC), timber framed properties built between 1920 and 1965, privately developed flats, maximum four storeys with a lift, privately developed flats in blocks of five storeys or more and properties where the flat is accessed via a deck or balcony.

Popular loan to value percentages of TSB lifetime mortgages for people over 55, Barclays Bank mortgages for over 60s, Natwest retirement interest only mortgages over 60, L&G interest only mortgages for over 70s, RBS retirement interest only mortgages over 75 and Nationwide interest only retirement mortgages for over 70s are 45%, 55% and 65%.

Challenging to finance property variants include properties with outbuildings used for normal domestic purposes (garage, workshop, stables, barn etc), properties converted from modern commercial premises, grades l and ll* Listed Buildings in England & Wales (Grades A and B in Scotland; A, B+ and B1 in Northern Ireland), properties that are being used for personal commercial use and properties that have a private water supply provided a contract is in place with an approved maintenance company for regular testing and maintenance.

Tough to finance home titles include rentcharges properties with a high estate rentcharge, leasehold properties with a short lease, typically less than 70 years, or a defective lease, properties where there are boundary disputes or where planning applications have not been applied for correctly, mundic homes and Airey, Boot, Cornish Unit, Dorran, Dyke, Gregory, Hamish Cross, Myton, Newland, Orlit and Parkinson Frame.

How much money can I release?

You can get 60% of your home’s value. For example, if your home is valued at £250000 you can release £150000.

The mortgage lender will want to know if the property is a Semi detached freehold house or a Leasehold house and if the resident is an Owner Occupier Primary Residence.

Pitfalls of Home Reversion Plans

Home reversion schemes can reduce the value of your estate. Home reversion plans may impact 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.
Natwest Retirement Mortgage Rates 2022

  • Just Retirement Equity Release Plans
  • L&G Legal & General Flexible Max Plus
  • Nationwide Interest Only Lifetime Mortgage
  • TSB Lifetime Mortgage
  • Halifax Equity Release
  • Just Retirement Drawdown Lifetime Mortgage
  • L&G Legal & General Premier Flexible Lifetime Mortgage
  • HSBC Lifetime Mortgage
  • NatWest Interest Only Lifetime Mortgage
  • Saga Lifetime Mortgage
  • Age Partnership Interest Only Lifetime Mortgage
  • Bridgewater Equity Release
  • Just retirement equity release key features
  • More 2 Life Capital Choice Plan
  • HSBC Interest Only Lifetime Mortgage
  • Lloyds Bank Lifetime Mortgage
  • TSB Lifetime Interest Only Mortgage
  • Saga Equity Release Schemes
  • Age Partnership Lifetime Mortgage
  • Just retirement equity release key features
  • Stonehaven Equity Release Scheme
  • Nationwide Equity Release
  • NatWest Equity Release
  • Saga Equity Release Schemes
  • More 2 Life Capital Choice Plus Plan