- Remove tax-free equity from your property
- No need to make monthly payments
- Use the money for anything you like
- Are you still paying a mortgage? That’s fine we can help
- Stay living in your own house
Retired business owners that may be interested in Home Reversion Schemes
- Disinfecting and exterminating services Banbury
- Manufacture of synthetic rubber in primary forms Hinckley
- Opencast coal working Lydd
- Manufacture of basic pharmaceutical products Horley
- Television programming and broadcasting activities Tidworth
- Manufacture of other wearing apparel and accessories n e c Eastbourne
- Wholesale of petroleum and petroleum products Framlingham
- Manufacture of bodies coachwork for motor vehicles except for caravans Witham
- Manufacture of industrial gases Kirkby Lonsdale
- Manufacture of knitted and crocheted hosiery Tiverton
- Installation of industrial machinery and equipment Newmarket
- Site preparation Wath-upon-Dearne
- Book publishing Corby
- Binding and related services Lechlade
- The casting of iron Wem
- Fire service activities St Ives
- Bookkeeping activities Swanley
- Manufacture of non-domestic cooling and ventilation equipment Queenborough-in-Sheppey
- Construction of other civil engineering projects n e c Hingham
- Combined office administrative service activities Wadhurst
- Educational support services Croydon
Hard to finance home types include properties in poor condition, properties where tenants live in a self-contained part of the property, feuhold/freehold properties (including flats) in Scotland, properties where the customer is offering only part of the title as security for the loan and properties with leased solar panels.
Appealing retirement mortgage products are TSB mortgages over 70s, HSBC interest only mortgages for over 65 year olds, Natwest interest only lifetime mortgages, Legal and General remortgages for people over 50 years old and Nationwide remortgages for people over 50 years old.
Difficult to mortgage property variants include timber framed properties built before 1920, properties with single skin brickwork where the single skin comprises more than 20% of the surface area of the external walls, studio flats located within the M25, coach houses i.e. freehold properties with garages beneath and basement or lower ground floor flats without level access to private or communal garden space.
Some of the most popular loan to value percentages of Lloyds over 60 lifetime mortgages, Barclays Bank later life borrowing schemes over 55, Halifax mortgages over 70s, L&G later life interest only mortgages over 70, Royal Bank of Scotland interest only mortgages for over 65 year olds and Nationwide Building Society mortgages for 60 plus pensioners are 50%, 60% and 70%.
Challenging to finance home titles 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, agricultural use of the land and any outbuildings, properties that have solar farms or a large number of wind turbines on the land and properties that have a private water supply provided a contract is in place with an approved maintenance company for regular testing and maintenance.
Tough to mortgage home variants include rentcharges properties with a high estate rentcharge, properties without a kitchen or bathroom, derelict property or where part of the building is in severe disrepair and needs demolishing, cob property and properties that has never been registered with the land registry.
How much money can I get?
You can get 70% of your property’s value. As an example, if your house is worth £320000 you can release £224000.
Equity Release LTV Percentages
The older you are and the more serious your illnesses you are the more cash you can release.
Providers for UK Equity Release
- Lifetime Mortgage from L&G
- More to Life
- the Telegraph
The lender will want to know if the property is a Semi detached freehold house or a Leasehold flat and if the resident is an Owner Occupier Primary Residence.
Canada Life Drawdown Lifetime Mortgages
More2Life Retirement Mortgages
Hodge Lifetime Mortgages
LV Equity Release
Disadvantages of Equity Release Plans
Home reversion plans can reduce the value of your estate. Home reversion plans may impact the ability to claim entitlements. You may need to pay a broker’s fee and some products expose you to changes in interest rates.
- Santander Lifetime Mortgage Home Reversion Plan
- Lloyds Lifetime Mortgage Comparison
- Nationwide Retirement Mortgage Advice
- Halifax Retirement Mortgage Providers
- HSBC Lifetime Mortgage Home Reversion Plan
- Santander Retirement Mortgage Age
- Lloyds
- Natwest Retirement Mortgage Reviews
- Natwest
- Lloyds Equity Release Schemes
- Lloyds Bank Lifetime Mortgage Comparison
- Halifax
- Lloyds Bank Equity Release Mortgage
- Halifax
- Nationwide Equity Release On Second Homes
- HSBC Equity Release From Property
Equity Release LTV Percentages
- 60% lifetime mortgage with flexible drawdown cash release Maximum cover Equity Release
- 45% loan to value lumpsum lifetime mortgages Foundation Home Loans
- 25% loan to value (LTV) monthly payment lifetime mortgage Leek United Building Society
- 50% loan to value (LTV) home reversion plans Equifinance
Areas where equity release is common
- West Ham
- Newport Pagnell
- Bolsover
- Topsham
- Wickham
- Sandhurst
- Kirton-in-Lindsey
- Sandiacre
- Bentham
- Chester-le-Street
- Crewkerne
- Tynemouth
- Gateshead
- Hadleigh
- Pure Retirement Drawdown Plan
- More to Life Capital Choice Plan
- Bridgewater Equity Release Schemes
- More2Life Capital Choice Plan
- Just retirement equity release lifetime mortgages
- Saga Equity Release Plans
- More2Life Capital Choice Plus Plan
- L&G Legal & General Premier Flexible Lifetime Mortgage
- Pure Retirement Drawdown Plan
- Age Partnership Lifetime Mortgage
- Royal Bank of Scotland Lifetime Mortgage
- Age Partnership Lifetime Mortgage
Its very regular to find individuals seeking out monthly payment equity release, monthly payment lifetime mortgage or monthly payment equity release, however, Legal and General like Fortify Insurance Solutions are keen to see proof of your circumstances in the form of investment statements.