Hodge Lifetime Indexed Lifetime Mortgage

Hodge Lifetime

Remove money from your property
No monthly payments
Buy a family member a home without a mortgage
Continue to stay in your house

Your Requirements
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How Much Would You Like Release From Your Property?*
Please enter a number from 9000 to 20000000.
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Total amount of mortgage/loans you have on your property
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It is often found to find individuals seeking out home reversion schemes, monthly payment life time mortgage or home reversion plans, however, Aviva like The Exeter Equity Release are keen to see proof of your personal situation in the form of bank statements.

Support activities to performing arts Sturminster Newton
Manufacture of ceramic tiles and flags Peterlee
Retail of furniture, lighting, and similar not musical instruments or scores in specialised store Biggleswade
Manufacture of other general-purpose machinery n e c Lyme Regis
Other non-ferrous metal production Staveley
Growing of sugar cane Warminster
Performing arts Shirebrook
Lead, zinc and tin production Looe
Manufacture of sugar confectionery Epworth
Web portals Huddersfield
Manufacture of starches and starch products Thornbury
Manufacture of office and shop furniture Brierfield
Construction of commercial buildings Greater Willington
Pre-press and pre-media services Shanklin
General secondary education Sandwich
Manufacture of printed labels Chesterfield
Construction of roads and motorways Ludlow
First-degree level higher education Silloth
Casting of iron Ormskirk
Growing of pome fruits and stone fruits Frome
Youth hostels Exmouth

Areas where retirement mortgages are common

Skelton-in-Cleveland
Telscombe
Matlock
Melton Mowbray
Southminster
Otley
Hyde
Castle Cary
Bolsover
Newport
Bicester

How much is it common to release from a home

The more aged you are and the sicker you are the more cash you can release.

interest rates

equity release work

The lender will want to know if the property is a Freehold terraced house or a Leasehold flat with share of freehold and if the resident is an AST Tenant.

Aviva Equity Release

Legal and General Lifetime Mortgages

Pure Retirement Mortgages

Santander Equity Release Brokers Uk

Natwest Retirement Mortgage Home

Santander Retirement Mortgage Providers

Equity Release percentages of your current property value

55% monthly payment equity release Maximum cover Equity Release
35% loan to value monthly payment lifetime mortgage Crown
25% LTV lifetime mortgage with flexible drawdown cash release Evolution Money
35% loan to value monthly payment lifetime mortgage 1st Stop Home Loans
30% loan to value lifetime mortgage with flexible drawdown cash release Clydesdale Bank PLC
60% LTV home reversion plans Equifinance

Legal & General - Flexible Yellow

isle of man

Legal & General Home Finance lifetime mortgage

Hodge Lifetime - Lump Sum Lifetime Mortgage
financial advisers

Difficult to mortgage home types can include properties in poor condition, properties where letting arrangement where the tenancy agreement is not appropriate, freehold houses and bungalows (England, Wales, Northern Ireland), properties with unregistered titles subject to these being registered as part of the legal process and freehold flats (England, Wales, Northern Ireland).

Common pensioner finance products are Lloyds Bank equity release schemes, Barclays mortgages over 65, Halifax pensioner mortgages, L&G later life mortgages and Nationwide BS over 60 mortgages.

Difficult to mortgage home types can include properties with post-1945 asbestos or similar composition roof tiles, properties with any external treatment applied to the roof after construction, large concrete panel systems, privately developed flats in blocks of five storeys or more and properties where the flat is accessed via a deck or balcony.

Common LTV ratios of Lloyds Bank over 60 mortgages, Barclays mortgages over 65, Halifax mortgages for 60 plus, Legal and General interest only mortgages for people over 70, RBS mortgages for 60 year olds and Nationwide equity release schemes for people over 70 are 45%, 60% and 65%.

Tough to finance home variants include properties with land in addition to the domestic grounds up to a maximum property size of five acres, where the land is for normal domestic use, properties with a single annexe or other self-contained part of the property, properties with a small number of solar panels or a wind turbine on the land for domestic use, properties that have solar farms or a large number of wind turbines on the land and properties with mobile phone masts which are within influencing distance of the house.

Tough to mortgage home variants can include high service charges, 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), derelict property or where part of the building is in severe disrepair and needs demolishing, timber buildings and missing planning permission or building regulations approval.

How much can I get?

You can borrow 60% of your property’s valuation. For example, if your house is valued at £260000 you can get £156000.

Legal & General Home Finance lifetime mortgage
Pure Retirement - Classic Super Lite Plan
amount you owe
home reversion plans

financial ombudsman service

Pitfalls of Interest Only Lifetime Mortgages

A lifetime mortgage with flexible drawdown cash release can reduce the inheritance for your family. A monthly payment lifetime mortgage may impact entitlements to benefits. You may need to pay a solicitor’s fee and you could be exposed to changes in interest rates with some products.

Just Retirement - Roll-Up Lifetime Mortgage