- Release equity from your house
- No regular monthly payments
- Help a member of your family buy their own home that they couldn’t afford otherwise
- Continue to stay in your house
Providers for Equity Release
- Key Solutions
- Santander
- Legal and General
- Norwich Union
- Zurich
Equity Release percentages of your current property value
- 55% monthly payment lifetime mortgage Aegon
- 40% loan to value home reversion plans Norwich Union
- 30% loan to value monthly payment equity release Masthaven
Towns of the UK where equity release is common
- Newhaven
- Melton Mowbray
- Hemsworth
- Silloth
- Marlborough
- Harrow
- Wymondham
- Sandy
- Coleshill
- Blackpool
- Minchinhampton
- Clitheroe
- Shifnal
- Princes Risborough
- Hayes
- Liskeard
Legal and General Retirement Mortgages
Aviva Equity Release
Canada Life Lifetime Mortgages
More2Life
One Family Lifetime Mortgages
The 1st and 2nd charge lender will want to know if the property is a Semi detached freehold house or a Leasehold flat and if the resident is an Private Tenant.
- Aviva Equity Release Plans
- More 2 Life Flexi Choice Drawdown Lite Plan
- Bridgewater Lifetime Mortgage
- HSBC Equity Release
- Lloyds Bank Lifetime Mortgage
- TSB Equity Release Plans
- More to Life Flexi Choice Voluntary Payment Super Lite
- Saga home reversion schemes
- Age Partnership Equity Release
- L&G Legal & General Flexi Max Voluntary Repayment Plan
- Liverpool Victoria LV= Flexible Lifetime Mortgage
- Lloyds Bank Lifetime Mortgage
- More2Life Flexi Choice Voluntary Payment Super Lite
- Canada Life Lifestyle Lite Flexi
- More to Life Capital Choice Plan
- Age Partnership Equity Release Plans
- Canada Life Landlord Voluntary Select Plan
- Pure Retirement Equity Release Schemes
- HSBC Interest Only Lifetime Mortgage
- TSB Lifetime Mortgage
Pitfalls of Interest Only Lifetime Mortgages
Interest-only lifetime mortgages can reduce the inheritance for your family. Lump sum lifetime mortgages may impact ability to get state benefits. You may need to pay a legal fee and you could have higher rates to pay with some schemes.
What percentage can be released?
The more aged you are and the sicker you are the more money you can release.
Examples of retired business owners likely to have equity to release
- Retail sale of newspapers and stationery in specialised stores Cromer
- Wholesale of fruit and vegetables Harwich
- Painting Worksop
- Manufacture of bicycles and invalid carriages Cheadle
- Manufacture of mattresses Keswick
- Quarrying of ornamental and building stone, limestone, gypsum, chalk and slate Boroughbridge
- Production of meat and poultry meat products Ivybridge
- Manufacture of electronic measuring, testing etc equipment, not for industrial process control Whitby
- Mining of chemical and fertilizer minerals Tamworth
- Raising of dairy cattle Masham
- Forging, pressing, stamping and roll-forming of metal; powder metallurgy Dulverton
- Manufacture of other machine tools Heathfield
- Retail sale of musical instruments and scores Kempston
- Mining of other non-ferrous metal ores Wickham
- Manufacture of footwear Longtown
- Mining of uranium and thorium ores Bridgnorth
- Manufacture of basic pharmaceutical products Haxby
- Wholesale of radio, television goods & electrical household appliances other than records, tapes, CD’s & video tapes and the equipment used for playing them Halifax
- Engineering related scientific and technical consulting activities Ashburton
- Manufacture of doors and windows of metal Heanor and Loscoe
- Wholesale of sugar and chocolate and sugar confectionery Ellesmere
It is often found to find individuals seeking out lump sum lifetime mortgages, monthly payment life time mortgage or monthly payment equity release, however, Age Partnership like VitalityLife Equity Release are keen to see proof of your circumstances in the form of pension statements.
