Is a Halifax Lifetime Mortgage a good deal for you?

halifax lifetime mortgage RIO

  • Release cash from your home with a Halifax lifetime mortgage
  • No monthly repayments
  • Use the money for home improvements
  • Stay living in your property
  • Can be used to manage inheritance tax bills
  • Your Requirements

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

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loan amount
Old money home

lump sum payment
Hammersmith London Home

Equity Release LTV

The more aged you are and the sicker you are the more tax-free money you can release.

Lloyds Lifetime Mortgage Home Reversion Plan

 

Drawbacks of Lifetime Mortgages

Lumpsum lifetime mortgages can reduce your estate value. A monthly payment lifetime mortgage may impact entitlements to benefits. You may need to pay a valuation fee, and you could have higher rates to pay with some schemes.

UK Equity Release Providers

  • Key Retirement
  • Bridgewater
  • Key Retirement
  • AA equity release

Successful business owners who could benefit from equity release tax planning

  • Renting and operating of Housing Association real estate Midhurst
  • Manufacture of plastics and rubber machinery Crosby
  • Credit granting by non-deposit taking finance houses and other specialist consumer credit grantors Budleigh Salterton
  • Retail sale of leather goods in specialised stores Long Sutton
  • Floor and wall covering Walthamstow
  • Financial management Ramsey
  • Operation of gravel and sand pits; mining of clays and kaolin Berkhamsted
  • Hairdressing and other beauty treatment Wainfleet All Saints
  • Bookkeeping activities Hertford
  • Other activities auxiliary to insurance and pension funding Wareham
  • Manufacture of machinery for textile, apparel and leather production Halstead
  • Inland freight water transport Middlewich
  • Research and experimental development on social sciences and humanities Stonehouse
  • Retail sale of other second-hand goods in stores, not incl antiques Ampthill
  • Retail sale via mail order houses or via Internet Patchway
  • Construction of bridges and tunnels Easingwold
  • Manufacture of mortars Market Deeping
  • Security and commodity contracts dealing activities Bovey Tracey
  • Development of building projects North Tawton
  • Take-away food shops and mobile food stands Warrington
  • Post-harvest crop activities Burton Latimer

It’s usual to find individuals searching for monthly payment lifetime mortgage, lumpsum lifetime mortgages or home reversion plans. However, Bower like VitalityLife Equity Release is keen to see paperwork to show your circumstances in the form of investment statements.

Towns where Lifetime Mortgages are common similar to a Halifax lifetime mortgage

  • Neston
  • Upton-upon-Severn
  • Shildon
  • Thornaby-on-Tees
  • Buckfastleigh
  • Newton-le-Willows
  • Marazion
  • Ringwood
  • Soham
  • Northleach with Eastington
  • Lewes
  • Braunstone Town
  • Glossop
  • Waltham Cross
  • Rowley Regis
  • Stalham
  • Thatcham
  • Earley

Lloyds Lifetime Mortgage

Hodge Lifetime Drawdown Lifetime Mortgages

More2Life Retirement Mortgages

Pure Retirement Drawdown Lifetime Mortgages

Crown Mortgages

company number

Difficult to mortgage home variants include homes requiring essential repairs, entirely tenanted properties, freehold houses and bungalows (England, Wales, Northern Ireland), commonhold properties and properties with owned solar panels.

Appealing pensioner mortgage products are Lloyds mortgages for pensioners, HSBC interest only lifetime mortgages, Natwest retirement interest only mortgages, L&G interest only mortgages for over 65 year olds and Nationwide BS retirement interest only mortgages.

Difficult to mortgage home types can include pre-fabricated reinforced concrete (PRC), properties with spray foam insulation applied to the underside of the roof, studio flats located within the M25, privately developed flats in blocks of five storeys or more and flats above or adjacent to commercial premises.

Common loan to value percentages of Lloyds help to buy for over 60s, Barclays mortgages over 65, Post Office retirement interest only mortgages over 60, Legal and General interest only mortgages for over 70s, Bank of Scotland later life interest only mortgages over 60 and Nationwide Building Society lifetime mortgages for over 60s are 45%, 60% and 70%.

Tough to mortgage property variants can include grade ll Listed houses (grade C in Scotland and B2 in Northern Ireland), properties with a single annexe or other self-contained part of the property, 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 rentcharges properties with a high estate rentcharge, 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 of non-standard construction, thatched buildings and concrete panel houses.

Equity release loan to value?

You can release 60% of your home’s value. As an example, if your home is valued at £340000 you can borrow £204000.

amount you can borrow
financial advice

equity release schemes

Equity Release percentages of your current property value

  • 50% home reversion plans Fortify Insurance Solutions
  • 30% loan to value lump sum lifetime mortgages Prestige Finance
  • 50% LTV monthly payment lifetime mortgage Norton Finance
  • 40% loan to value home reversion plans Vida
  • 30% loan to value lifetime mortgage with flexible drawdown cash release Newbury
  • 50% LTV lifetime mortgage with compliant drawdown cash release More2Life
  • 25% loan to value monthly payment lifetime mortgage Equifinance
  • 45% loan to value monthly payment equity release Foundation Home Loans

equity release advice

  • Bridgewater Equity Release
  • Hodge Equity Release Schemes
  • Stonehaven Equity Release Scheme
  • NatWest Lifetime Mortgage
  • More to Life Capital Choice Plan
  • Saga home reversion schemes
  • Canada Life Lifetime Mortgages
  • More2Life Flexi Choice Voluntary Payment Super Lite
  • Hodge Equity Release Plans
  • L&G Legal & General Flexible Lifetime Mortgage
  • Liverpool Victoria LV Equity Release
  • Lloyds Bank Lifetime Mortgage
  • NatWest Equity Release
  • More2Life Capital Choice Plus Plan
  • Hodge Lifetime Flexible Voluntary Repayment Plan
  • Pure Retirement Lifetime Mortgage
  • More to Life Tailored Choice Plan
  • TSB Equity Release Schemes
  • NatWest Lifetime Mortgage
  • Aviva Lifetime Mortgage
  • Just retirement equity release key features
  • NatWest Equity Release Plans
  • Age Partnership Equity Release

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

die or move into long term care