- Release money from your home with a Natwest Lifetime Mortgage
- No regular monthly payments
- Use the money to keep another family member away from a high LTV mortgage
- Stay living in your own property for as long as you like
- Often used to help tax planning
Towns of the UK where Lifetime Mortgages are common
- Yeovil
- Maghull
- Aldeburgh
- Ringwood
- Stapleford
- Hedge End
- Bridgwater
- Neston
- Lynton & Lynmouth
- Blackpool
- Padiham
- Woburn Sands
- Crosby
- Bedford
- Flitwick
Equity Release LTV
The older you are and the sicker you are the more tax-free cash you can release.
UK Lenders for Equity Release
- Sunlife Plans
- Step Change
- Age Concern
- Step Change
It’s very regular to find people searching for monthly payment lifetime mortgage, monthly payment lifetime mortgage or lifetime mortgage with flexible drawdown cash release, however, Age Concern like Maximum cover Equity Release are keen to see evidence of your personal situation in the form of investment statements.
Drawbacks of Lifetime Mortgages
Home reversion plans can reduce the inheritance for your family. Lifetime mortgage with flexible drawdown cash release may impact entitlements to benefits. You may need to pay a legal fee and you could be exposed to changes in interest rates with some products.
Successful business owners who could benefit from equity release estate planning
- Other telecommunications activities Halesworth
- Sale, maintenance and repair of motorcycles and related parts and accessories Crosby
- Wholesale of musical instruments Hounslow
- Extraction of crude petroleum Sidmouth
- Environmental consulting activities Northam
- Repair of electrical equipment Lechlade
- Other activities auxiliary to insurance and pension funding New Alresford
- Sawmilling and planing of wood Belper
- Primary education Leatherhead
- Retail sale of beverages in specialised stores South Brent
- Other retail sale of food in specialised stores Heywood
- Manufacture of other electrical equipment Watford
- Engineering design activities for industrial process and production Peterlee
- Manufacture of printing ink Littlehampton
- Growing of pome fruits and stone fruits Blyth
- Activities of unit trust Shepshed
- Manufacture of other plastic products Rayleigh
- Retail sale of computers, peripheral units and software in specialised stores Cheshunt
- Manufacture of other men’s outerwear Newquay
- Other specialised construction activities n e c Highbridge
- Manufacture of ovens, furnaces and furnace burners Wiveliscombe
- Santander Lifetime Mortgage Over 55
- Natwest Equity Release Schemes
- Lloyds Bank Equity Release Loan
- Natwest Lifetime Mortgage
- Halifax Equity Release Best Deals
- Santander Equity Release Loan
- Nationwide Lifetime Mortgage Home Reversion Plan
- Nationwide Equity Release
- Lloyds Lifetime Mortgage On Second Property
- Santander Retirement Mortgage Age
- Lloyds Bank Retirement Mortgages Reviews
- HSBC Retirement Mortgage Reviews
- HSBC Lifetime Mortgage No Payments
- Natwest Retirement Mortgage Broker
- Halifax Retirement Mortgage Age
- Nationwide Retirement Mortgage Home
Equity Release LTV
- 60% home reversion schemes Royal London Equity Release
- 25% LTV home reversion schemes Clydesdale Bank PLC
- 60% LTV monthly payment lifetime mortgage Key Solutions
Difficult to mortgage property types include properties currently undergoing substantial alterations, extensions or repairs, age restricted properties, right to buy – properties in England, Wales and Northern Ireland, leasehold properties (with the exception of flats and maisonettes) and properties with owned solar panels.
Popular pensioner loan products include TSB retirement interest only mortgages, HSBC mortgages over 65, Post Office lifetime mortgages, L&G mortgages for 60 year olds and Nationwide BS lifetime mortgages.
Difficult to mortgage home variants include pre-fabricated reinforced concrete (PRC), properties with single skin brickwork where the single skin comprises more than 20% of the surface area of the external walls, steel frame/clad properties built before 1990, former local authority flats and flats above or adjacent to commercial premises.
Popular loan to value ratios of Lloyds pensioner mortgages over 55, HSBC interest only mortgages for over 65 year olds, Natwest equity release plans for people over 60, L&G mortgages for 60 plus pensioners, RBS later life interest only mortgages over 75 and Nationwide equity release schemes for over 55’s are 35%, 60% and 70%.
Challenging to mortgage property variants include properties built or converted into dwellings more than 10 years ago, properties with flying or creeping freehold which comprises 15% or less of the total floor area, use of the land and any outbuildings for a small amount of personal commercial use., properties with mobile phone masts which are not within influencing distance of the house and properties which have been built on a previously contaminated land are acceptable provided the result of an environmental search determines the land to be clear of contamination.
Tough to finance home variants can include high service charges, properties close to mining works, areas of landfill, areas of recent flooding or subsidence, properties of non-standard construction, corrugated iron construction and missing planning permission or building regulations approval.
Loan to value for equity release?
You can get 60% of your home’s valuation. For example, if your house is valued at £230000 you can release £138000.
- Canada Life Lifetime Mortgage
- Liverpool Victoria LV Equity Release Schemes
- NatWest Equity Release Schemes
- Age Partnership Equity Release Schemes
- Hodge Indexed Lifetime Mortgage
- Liverpool Victoria LV= Flexible Lifetime Mortgage
- Pure Retirement Classic Voluntary Payment Super Lite
- Lloyds Bank Lifetime Mortgage
- More 2 Life Capital Choice Plus Plan
- Age Partnership Interest Only Lifetime Mortgage
- Aviva Equity Release Schemes
- Lloyds Bank Equity Release Schemes
- Age Partnership Equity Release Schemes
- Just Retirement Equity Release Plans
- Pure Retirement Lifetime Mortgage
- Lloyds Bank Equity Release Schemes
- TSB Lifetime Interest Only Mortgage
- NatWest Equity Release Schemes
The mortgage lender will want to know if the property is a Detached freehold house or a Leasehold flat with a share of freehold and if the resident is an Assured shorthold tenancy tenant.