Hodge Lifetime Interest Only Mortgage

Hodge Lifetime

  • Remove tax-free equity from your house
  • Not necessary to make regular monthly payments
  • Use the money for a holiday
  • Still, have a mortgage? No problems
  • Stay living in your own house
  • Often used to manage inheritance tax bills
  • Your Requirements

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

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Old money home
main residence
Hammersmith London Home
lump sum payment
equity release loan

Just Retirement - Roll-Up Lifetime Mortgage

Halifax Lifetime Mortgage Drawdown Scheme

  • Aviva Lifetime Mortgages
  • Bridgewater Lifetime Mortgage
  • Hodge Lifetime Mortgage Flexible Drawdown Plan
  • Stonehaven Equity Release Scheme
  • TSB Equity Release Schemes
  • Age Partnership Equity Release Plans
  • Hodge Lifetime Mortgage Flexible Drawdown Plan
  • Lloyds Bank Equity Release Schemes
  • Bridgewater Equity Release Schemes
  • Stonehaven Interest Select Plan
  • Nationwide Interest Only Lifetime Mortgage
  • TSB Equity Release
  • NatWest Equity Release
  • More to Life Capital Choice Plan
  • Pure Retirement Classic Voluntary Payment Super Lite

is equity release safe

Equity Release percentages of your current property value

  • 60% monthly payment lifetime mortgage Aegon
  • 60% loan to value home reversion schemes Bower
  • 25% loan to value lump sum lifetime mortgages Step One Finance
  • 35% loan to value (LTV) home reversion schemes Saga
  • 25% loan to value monthly payment lifetime mortgage Spring Finance
  • 60% loan to value lumpsum lifetime mortgages 1st Stop Home Loans
  • 30% LTV monthly payment lifetime mortgage Paragon Residential
  • 30% loan to value interest-only lifetime mortgages United Trust Bank
  • 60% loan to value interest-only lifetime mortgages Precise
  • 45% loan to value monthly payment lifetime mortgage United Trust Bank

make monthly payments
die or move into long term care
cash lump sum

Hard to mortgage property variants include poorly maintained at the time of the valuation inspection, properties where tenants live in a self-contained part of the property, freehold houses and bungalows (England, Wales, Northern Ireland), commonhold properties and properties with single skin brickwork.

Many of the most appealing retirement mortgage products include Lloyds mortgages for over 60s, Barclays Bank over 60 lifetime mortgages, Post Office later life borrowing schemes, Legal & General later life interest only mortgages over 70 and Nationwide interest only mortgages for people over 70.

Hard to mortgage home types include eco houses and modern methods of construction, properties with any external treatment applied to the roof after construction, steel frame/clad properties built before 1990, studio flats outside the M25 and freehold flats (England, Wales, Northern Ireland).

Common loan to values of Lloyds Bank interest only mortgages for people over 60, Barclays later life interest only mortgages over 70, Post Office pensioner mortgages over 60, Legal and General retirement mortgages over 70, Royal Bank of Scotland later life mortgages for over 70s and Nationwide lifetime mortgages for people over 55 are 40%, 60% and 70%.

Challenging to finance property titles can include flats of less than 30 square metres in any location, properties with flying or creeping freehold which comprises 15% or less of the total floor area, 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 where Japanese Knotweed is present.

Challenging to mortgage home titles include properties with a sinking fund of 7% or more of the property sale price when the property is sold, 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 where there are boundary disputes or where planning applications have not been applied for correctly, thatched buildings and concrete frame.

Loan to value for equity release?

You can release 70% of your home’s value. For example, if your house is valued at £280000 you can get £196000.

equity release cost
form of equity release
amount you owe

equity release advice

The mortgage lender will want to know if the property is a Freehold house or a Leasehold house and if the resident is an Assured shorthold tenancy tenant.

Halifax Lifetime Mortgage Over 55

aged 55

Equity Release percentages of your current property value

The older you are and the unhealthier you are the more tax-free cash you can release.

Canada Life Mortgages
Crown Retirement Mortgages

Hodge Lifetime

Legal and General Drawdown Lifetime Mortgages

Equity Release UK Providers

  • Bower
  • Saga
  • Sunlife Plans

 

Areas where equity release is common

  • St Austell
  • Harrow
  • Corringham
  • Settle
  • Birkenhead
  • Bruton
  • Rochdale
  • West Tilbury
  • Hartland
  • Staines-upon-Thames
  • Spalding
  • Cirencester
  • Westbury
  • Mirfield
  • Bordon
  • Neston
  • Hatfield
  • Shifnal
  • Barnoldswick
  • Warminster
  • Skelmersdale

amount you can borrow

home reversion plans

It is very regular to encounter individuals searching for lump sum lifetime mortgages, lumpsum lifetime mortgages or monthly payment equity release, however, Sunlife Plans like VitalityLife Equity Release are keen to see paperwork to show your personal situation in the form of bank statements.

equity release product

Hodge Lifetime - Lump Sum Lifetime Mortgage

channel islands

LV= Lump Sum+ Lifetime Mortgage

Successful business owners who could benefit from equity release estate planning

  • Publishing of computer games Crowland
  • Wholesale of tobacco products Redruth
  • Manufacture of other technical ceramic products Warrington
  • Growing of other perennial crops Featherstone
  • Window cleaning services Warwick
  • Educational support services Harwich
  • Production of coffee and coffee substitutes Chester-le-Street
  • Wholesale of coffee, tea, cocoa and spices Biggleswade
  • Manufacture of perfumes and toilet preparations Shoreham-by-Sea
  • Manufacture of fasteners and screw machine products Enfield
  • Post-graduate level higher education Wallsend
  • Other service activities incidental to land transportation, n e c South Woodham Ferrers
  • Radio broadcasting Middlewich
  • Combined facilities support activities Fleet
  • Repair of footwear and leather goods Darwen
  • Growing of citrus fruits Harrogate
  • Activities of real estate investment trust Sedgefield
  • Undifferentiated goods-producing activities of private households for own use Bromborough
  • Manufacture of homogenized food preparations and dietetic food Stroud
  • Mining of chemical and fertilizer minerals Grays
  • Building societies Havant

 

Downsides of Home Reversion Plans

A monthly payment lifetime mortgage can reduce your estate value. Home reversion plans may impact the ability to get state benefits. You may need to pay a broker’s fee and you could have higher rates to pay with some schemes.