More 2 Life enhanced Lifetime Mortgage

more to life

Release tax-free money from your home
Not necessary to make regular monthly payments
Help your family to buy another home
Continue to stay in your property for as long as you like

Your Requirements
Release equity from:*
How Much Would You Like Release From Your Property?*
Please enter a number from 9000 to 20000000.
Estimated Value Of Your Property?*
Total amount of mortgage/loans you have on your property
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Under 65 Home owner
lump sum payment
financial adviser
Just Retirement - Roll-Up Lifetime Mortgage

Pure Retirement - Classic Super Lite Plan

equity release schemes

Lloyds Bank Equity Release Schemes

Santander Equity Release From House

Halifax Retirement Mortgage

Areas in the UK where retirement mortgages are popular

Portishead and North Weston
Faringdon
Royal Leamington Spa
Romford
Haxby
Frome
Dewsbury
Kirkham
Manningtree
Hemel Hempstead
Margate
Bexley
Penrith
Goole

Providers for Equity Release

Lifetime Mortgage from L&G
Stepchange
Just Retirement
Bridgewater
AIG Life

Its very regular to discover people looking for interest-only lifetime mortgages, lump sum life time mortgages or monthly payment equity release, however, Sunlife Plans like AIG Life are keen to see proof of your personal situation in the form of bank statements.

financial advisers

Hard to finance property types include poorly maintained at the time of the valuation inspection, properties where letting arrangement where the tenancy agreement is not appropriate, leasehold properties where the lease length is currently unacceptable, commonhold properties and freehold flats (England, Wales, Northern Ireland).

Some of the most common retirement mortgage products are Lloyds mortgages for 60 year olds, Barclays retirement mortgages, Post Office retirement interest only mortgages, L&G interest only lifetime mortgages and Nationwide mortgages over 65.

Difficult to mortgage property types include timber framed properties built before 1920, properties with any external treatment applied to the roof after construction, studio flats located within the M25, privately developed flats in blocks of five storeys or more and basement or lower ground floor flats without level access to private or communal garden space.

Common loan to value percentage ratios of Lloyds Bank interest only lifetime mortgages for people over 60, HSBC mortgages for over 65, Natwest help to buy for over 60s, Legal and General later life interest only mortgages over 60, RBS lifetime mortgages for people over 55 and Nationwide BS later life borrowing schemes over 55 are 45%, 55% and 70%.

Challenging to finance property variants include properties built or converted into dwellings within the last 10 years, properties with flying or creeping freehold which comprises 15% or less of the total floor area, agricultural use of the land and any outbuildings, properties where there is a self-contained part of the property or annexe, i.e. basement flat etc and properties with mobile phone masts which are within influencing distance of the house.

Tough to mortgage home variants include high service charges, high service charges – properties where the Service Charge per annum at the time of application is more than 2% of the property value, the property is uninhabitable, thatched buildings and concrete panel houses.

Loan to value for equity release?

You can get 65% of your home’s valuation. For example, if your house is valued at £190000 you can get £123500.

is equity release safe
amount you can borrow
home improvements

Downsides of Interest Only Lifetime Mortgages

Lump sum lifetime mortgages can reduce the value of your estate. Monthly payment equity release may impact ability to get state benefits. You may need to pay a valuation fee and you could have higher rates to pay with some schemes.

early repayment

The lender will want to know if the property is a Detached freehold house or a Leasehold house and if the resident is an Owner Occupier Primary Residence.

Successful business owners who could benefit from equity release estate planning

Manufacture of steam generators, except central heating hot water boilers North Walsham
Raising of dairy cattle Wotton-under-Edge
Retail sale of footwear in specialised stores Willesden
Recreational vehicle parks, trailer parks and camping grounds Towcester
Growing of citrus fruits Stockton-on-Tees
Retail sale of flowers, plants, seeds, fertilizers, pet animals and pet food in specialised stores Belper
Library activities Selby
Growing of oleaginous fruits Maryport
Manufacture of cider and other fruit wines Ellesmere
Mining of uranium and thorium ores Crowborough
Passenger rail transport, interurban Paignton
Manufacture of other special-purpose machinery n e c Kendal
Postal activities under universal service obligation Accrington
Other retail sale not in stores, stalls or markets Chudleigh
Manufacture of other textiles n e c Axbridge
Cutting, shaping and finishing of stone Colyton
Financial intermediation not elsewhere classified Bentham
Silviculture and other forestry activities Buckfastleigh
Floor and wall covering Ilkley
Other specialist photography Cricklade
Growing of beverage crops Cranbrook

financial services

die or move into long term care

amount you owe

cash lump sum

How much is it common to release from a home

55% monthly payment lifetime mortgage Maximum cover Equity Release
50% loan to value monthly payment equity release the Telegraph
25% loan to value interest-only lifetime mortgages Masthaven
50% LTV lifetime mortgage with flexible drawdown cash release Key Solutions
25% loan to value lifetime mortgage with flexible drawdown cash release Central Trust
60% loan to value (LTV) interest-only lifetime mortgages Norton Finance
60% loan to value home reversion schemes Equifinance
25% LTV monthly payment equity release Foundation Home Loans