Discounted and Fixed Rate Lloyds Equity Release Plans for 2021

Lloyds Bank

Release tax-free equity from your home
No need to make monthly payments if you don’t want to
Use the money to help your family buy their first home
Stay living in your own house for as long as you like

Lloyds Equity Release

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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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equity release lifetime
Old money home

Disadvantages of Lifetime Mortgages

Home reversion plans can reduce the inheritance for your family. Monthly payment equity release may impact ability to claim benefits. You may need to pay a broker’s fee and some products expose you to changes in interest rates.

The lender will want to know if the property is a Freehold terraced house or a Leasehold flat and if the resident is an Owner Occupier.

Equity Release percentages of your current property value

The older you are and the unhealthier you are the more money you can release.

Aviva Equity Release

Hodge Lifetime

Equity Release Scheme Lenders

Key Retirement
Prudential
Just Retirement
Stepchange
Aegon

Halifax Lifetime Mortgage Calculator

Lloyds Retirement Mortgage Calculator

HSBC Equity Release On Second Homes

Retired business owners that may be interested in Home Reversion Schemes

Manufacture of doors and windows of metal Bexley
Service activities incidental to air transportation Midhurst
Packaging activities Bury St Edmunds
Wholesale of coffee, tea, cocoa and spices Kirton-in-Lindsey
Manufacture of machinery for paper and paperboard production Reading
Development of building projects Brackley
Other activities auxiliary to insurance and pension funding Nantwich
Manufacture of bricks, tiles and construction products, in baked clay Chesterfield
Investigation activities Fordwich
Support activities for crop production Stamford
Television programme production activities Clevedon
Wholesale of meat and meat products March
Wholesale of flowers and plants Hednesford
Raising of other cattle and buffaloes Winterton
Regulation of health care, education, cultural and other social services, not incl social security Clun
Activities of financial services holding companies Wadhurst
Activities of insurance agents and brokers Nelson
Activities of other membership organizations n e c Grimsby
Printing of newspapers Darley Dale
Wired telecommunications activities Horncastle
Manufacture of other non-distilled fermented beverages Clare

It’s common to find people looking for lump sum lifetime mortgages, monthly payment life time mortgage or monthly payment equity release, however, Key Retirement like Fortify Insurance Solutions are keen to see evidence of your circumstances in the form of investment statements.

Equity Release LTV

60% lumpsum lifetime mortgages AA equity release
60% loan to value (LTV) monthly payment equity release Paragon Personal Finance
35% loan to value lumpsum lifetime mortgages United Trust Bank
50% LTV lifetime mortgage with flexible drawdown cash release More2Life
40% loan to value lifetime mortgage with flexible drawdown cash release Optimum Credit
30% LTV monthly payment life time mortgage Clearly Loans
25% loan to value lumpsum lifetime mortgages Melton Mowbray

equity release advice

channel islands

Hard to mortgage home variants include properties in poor condition, age restricted properties, feuhold/freehold properties (including flats) in Scotland, leasehold properties (with the exception of flats and maisonettes) and freehold flats (England, Wales, Northern Ireland).

Common retirement loan offerings include Lloyds Bank mortgages for pensioners, HSBC mortgages for 60 year olds, Natwest interest only lifetime mortgages, Legal and General remortgages for people over 50 years old and Nationwide mortgages for 60 year olds.

Hard to finance property variants can include eco houses and modern methods of construction, properties with any external treatment applied to the roof after construction, large concrete panel systems, studio flats outside the M25 and flats above or adjacent to commercial premises.

Popular loan to value percentages of Lloyds Bank later life borrowing schemes over 55, Barclays Bank mortgages for people 60 plus, Natwest over 60 mortgages, Legal and General mortgages for pensioners over 60, RBS interest only lifetime mortgages for over 60s and Nationwide Building Society RIO mortgages over 75 are 35%, 60% and 65%.

Challenging to finance home variants can include flats of less than 30 square metres in any location, properties with room(s) or outbuilding(s) used for a small amount of personal commercial use, properties with more than one annexe or self-contained part of the property, 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 include properties will be assessed for flood risk, leasehold properties with a short lease, typically less than 70 years, or a defective lease, properties where there are boundary disputes or where planning applications have not been applied for correctly, corrugated iron construction and concrete frame.

How much cash can I release?

You can get 60% of your property’s valuation. As an example, if your home is valued at £200000 you can get £120000.

amount you can borrow
isle of man