Hodge Lifetime Fixed-Rate Retirement Mortgage

Hodge Lifetime

Remove money from your home
No monthly repayments
Help a family member buy their own home with a modest mortgage
Continue to live in your own home for as long as you like
Could be used to help tax planning

Your Requirements
Release equity from:*
How Much Would You Like Release From Your Property?*
Please enter a number from 9000 to 20000000.
Estimated Value Of Your Property?*
Total amount of mortgage/loans you have on your property
About You
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equity release lifetime
equity release lender
industry body
Under 65 Home owner

financial advice

Retired small business owners that may be interested in Home Reversion Schemes

Other human health activities Sutton Coldfield
Activities of property unit trusts Southport
Other accommodation Buckingham
Forging, pressing, stamping and roll-forming of metal; powder metallurgy Congleton
Unlicensed restaurants and cafes Whaley Bridge
Support services to forestry Ilminster
Manufacture of sugar Darlington
Renting and leasing of cars and light motor vehicles Bradford-on-Avon
Trade of gas through mains Cleckheaton
Manufacture of other ceramic products n e c Spennymoor
Wholesale of computers, computer peripheral equipment and software Market Drayton
Manufacture of household and sanitary goods and of toilet requisites Henley-on-Thames
Mining of lignite Watchet
manufacture of household textiles Kings Lynn
Processing of nuclear fuel Falmouth
Support activities for petroleum and natural gas extraction Willenhall
Recovery of sorted materials Ashton-under-Lyne
Archives activities Wirksworth
Research and experimental development on social sciences and humanities Stamford
Manufacture of bearings, gears, gearing and driving elements Knaresborough
Quarrying of ornamental and building stone, limestone, gypsum, chalk and slate Boroughbridge

Aviva Lifestyle Flexible Option
More 2 Life Capital Choice Plus Plan
Stonehaven Lifetime Mortgage
TSB Lifetime Mortgage
Aviva Equity Release Schemes
More2Life Flexi Choice Drawdown Lite Plan
Just Retirement Drawdown Lifetime Mortgage
L&G Legal & General Flexible Max Scheme
More to Life Capital Choice Plan
More2Life Tailored Choice Plan
Liverpool Victoria LV= Lump Sum Plus Lifetime Mortgage
Nationwide Equity Release Plans
Lloyds Bank Equity Release Plans
TSB Equity Release
Aviva Equity Release
Stonehaven Interest Only Lifetime Mortgage
NatWest Equity Release Plans
More 2 Life Flexi Choice Voluntary Payment Super Lite
Age Partnership Equity Release Plans

Areas where equity release is common

Ashton-under-Lyne
Rochdale
Romsey
Leatherhead
Evesham
Oswestry
Wigton
Coleshill
Eastwood
Leek
Fordwich
Hastings
Prescot
Ryde
Haltwhistle

die or move into long term care

home reversion plans

It is very regular to find individuals looking for lifetime mortgages with flexible drawdown cash releases, monthly payments lifetime mortgages or home reversion plans, however, Just Retirement like AA equity release are keen to see evidence of your situation in the form of investment statements.

Equity Release Providers

the Telegraph
Prudential
More2Life

aged 55

equity release advice

company number
cash lump sum

Hard to mortgage property variants can include properties in the course of construction or pre-construction, 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 properties with leased solar panels.

Many of the most appealing pensioner loan products are TSB retirement interest only mortgages, HSBC interest only mortgages for people over 60, Halifax mortgages for people 60 plus, Legal & General mortgages for over 65 and Nationwide equity release schemes.

Hard to finance home variants include pre-fabricated reinforced concrete (PRC), properties with pre 1945 asbestos or similar composition roof tiles, large concrete panel systems, former local authority flats and flats above or adjacent to commercial premises.

Common loan to value ratios of Lloyds interest only mortgages for over 70s, Barclays Bank mortgages for over 70s, Halifax interest only lifetime mortgages for over 60s, L&G retirement mortgagesover 65, RBS mortgages for pensioners over 60 and Nationwide later life interest only mortgages over 70 are 45%, 60% and 65%.

Tough to finance property variants can include properties built or converted into dwellings within the last 10 years , properties with grounds in excess of five acres, use of the land and any outbuildings for a small amount of personal commercial use., properties with flying or creeping freeholds which comprise over 15% of the total floor area 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.

Challenging to finance home variants can include properties with a sinking fund of 7% or more of the property sale price when the property is sold, properties without a kitchen or bathroom, properties with structural problems, asbestos construction and concrete frame.

How much cash can I release?

You can get 70% of your property’s valuation. As an example, if your house is worth £270000 you can release £189000.

make monthly payments
home reversion plan
bank holidays
equity release products

The 1st and 2nd charge lender will want to know if the property is a Freehold terraced house or a Leasehold house and if the resident is an Assured shorthold tenancy tenant.

equity release product

Hodge Lifetime Lifetime Mortgages

Legal and General Lifetime Mortgages

Just

Pitfalls of Home Reversion Schemes

A lifetime mortgage with flexible drawdown cash release can reduce the value of your estate. Home reversion plans may impact the ability to claim entitlements. You may need to pay an advisor’s fee and you could have higher rates to pay with some schemes.

Lloyds Bank Lifetime Mortgage Interest Only Rates

Santander Retirement Mortgage Comparison

Halifax Lifetime Mortgage Over 55