- Remove money from your property
- No regular monthly repayments
- Use the money for a holiday
- Continue to stay in your property
- Can be used to manage inheritance tax bills
Canada Life Lifetime Mortgages
Legal and General Equity Release
One Family Lifetime Mortgages
Areas where equity release is common
- Ormskirk
- Sandhurst
- Chingford
- Bexley
- Rothbury
- Blackwater and Hawley
- Carlton Colville
- Emsworth
- Newton Abbot
- Havant
- Haslemere
- Coleshill
- Royal Wootton Bassett
- Gravesend
- Tadley
- Burnham-on-Crouch
Successful business owners who could benefit from equity release estate planning
- Manufacture of computers and peripheral equipment Southwell
- Market research and public opinion polling Winchelsea
- Sea and coastal passenger water transport Wath-upon-Dearne
- Wholesale of other machinery and equipment Crook
- Sea and coastal freight water transport Wolverton and Greenleys
- Activities of conference organisers Willenhall
- Manufacture of plastic packing goods Brixham
- Publishing of newspapers Corsham
- Taxi operation Emsworth
- Raising of other animals Pateley Bridge
- Retail sale of mobile telephones Wincanton
- Other holiday and other collective accommodation Rugeley
- Binding and related services Buxton
- Activities of head offices Barnoldswick
- Manufacture of prepared feeds for farm animals Royal Tunbridge Wells
- Retail sale via mail order houses or via Internet High Wycombe
- Activities of mortgage finance companies Loughton
- Manufacture of compressors Blackwater and Hawley
- Manufacture of electronic industrial process control equipment Malton
- Activities of real estate investment trusts Sandwich
- Private security activities Wivenhoe
How much is it common to release from a home
- 55% monthly payment life time mortgage LV Liverpool Victoria
- 40% loan to value monthly payment life time mortgage One Family
- 25% loan to value lumpsum lifetime mortgages Vernon Building Society
- 35% loan to value monthly payment equity release Stepchange
- 50% loan to value lifetime mortgage with flexible drawdown cash release Equifinance
- 25% LTV interest-only lifetime mortgages Barclays
- 30% loan to value home reversion plans Masthaven
- 40% loan to value interest-only lifetime mortgages Vida
Drawbacks of Equity Release Plans
Interest-only lifetime mortgages can reduce the value of your estate. Monthly payment lifetime mortgage may impact ability to claim entitlements. You may need to pay an advisor’s fee and you could have higher rates to pay with some schemes.
- Hodge Lifetime Flexible Drawdown Plan
- L&G Legal & General Flexible Plus Lifetime Mortgage
- Liverpool Victoria LV Equity Release Schemes
- Nationwide Equity Release Plans
- Royal Bank of Scotland Equity Release Plans
- Age Partnership Interest Only Lifetime Mortgage
- Just Retirement Equity Release
- L&G Legal & General Flexible Plus Lifetime Mortgage
- More to Life Capital Choice Plan
- Nationwide Interest Only Lifetime Mortgage
- Lloyds Bank Equity Release Plans
- TSB Equity Release Schemes
- NatWest Equity Release
- Pure Retirement Drawdown Plan
- Bridgewater Equity Release Plans
- Canada Life Prestige Flexi Option
- Liverpool Victoria LV= Lump Sum Plus Lifetime Mortgage
- More to Life Flexi Choice Voluntary Payment Super Lite
- Stonehaven Equity Release
- Nationwide Equity Release
- HSBC Interest Only Lifetime Mortgage
- NatWest Equity Release Schemes
- Saga home reversion schemes
- Age Partnership Lifetime Mortgage
Equity Release Loan To Value
The more aged you are and the sicker you are the more cash you can release.
The 1st and 2nd charge lender will want to know if the property is a Freehold house or a Leasehold house and if the resident is an AST Tenant.
UK Providers for Equity Release
- Just Retirement
- One Family
- Aviva
Its very regular to discover individuals searching for lump sum lifetime mortgages, lump sum life time mortgages or interest-only lifetime mortgages, however, Aviva like Legal & General are keen to see paperwork to show your circumstances in the form of investment statements.
