- Remove tax-free money from your property
- No need to make regular monthly payments
- Use the money to pay off debts
- Stay living in your own home
Towns where Lifetime Mortgages are common
- Ringwood
- Hatfield
- Newark-on-Trent
- Wallsend
- Solihull
- Loftus
- Faversham
- Warwick
- East Cowes
- Great Dunmow
- Belper
- Watford
- St Helens
- Wivenhoe
- Stamford
- March
- Scarborough
- Woodley
LV Mortgages
Canada Life Equity Release
Hodge Lifetime Drawdown Lifetime Mortgages
One Family Drawdown Lifetime Mortgages
Pure Retirement
- L&G Legal & General Flexi Max Voluntary Repayment Plan
- More2Life Capital Choice Plus Plan
- Pure Retirement Equity Release
- HSBC Lifetime Mortgage
- TSB Equity Release Schemes
- More2Life Tailored Choice Plan
- Saga Equity Release Plans
- More2Life Capital Choice Plus Plan
- Hodge Lifetime Flexible Voluntary Repayment Plan
- Stonehaven Lifetime Mortgage
- HSBC Equity Release
- TSB Lifetime Mortgage
- Aviva Equity Release Schemes
- Just Retirement Equity Release Schemes
- Stonehaven Interest Select Plan
- Nationwide Equity Release
- Saga home reversion plan
- Age Partnership Equity Release
Equity Release Scheme Lenders
- Legal and General
- Prudential
- Aviva
- The Exeter Equity Release
It is common to discover people searching for lifetime mortgage with flexible drawdown cash release, monthly payment life time mortgage or monthly payment equity release, however, Sunlife Plans like LV Liverpool Victoria are keen to see evidence of your situation in the form of investment statements.
What percentage can be released?
The older you are and the unhealthier you are the more tax free money you can release.
Pitfalls of Home Reversion Schemes
Interest-only lifetime mortgages can reduce your estate value. Interest-only lifetime mortgages may impact entitlements to benefits. You may need to pay a broker’s fee and you could be exposed to changes in interest rates with some products.
The 1st and 2nd charge lender will want to know if the property is a Detached freehold house or a Leasehold flat and if the resident is an AST Tenant.
Successful business owners who could benefit from Home Reversion Scheme estate planning
- Cargo handling for water transport activities Paddock Wood
- Retail sale of bread, cakes, flour confectionery and sugar confectionery in specialised stores Mossley
- Manufacture of other tanks, reservoirs and containers of metal Moreton-in-Marsh
- Manufacture of ceramic household and ornamental articles Stalham
- Justice and judicial activities Haslemere
- Retail sale of footwear in specialised stores Selsey
- Wholesale of office furniture Aylesbury
- Maintenance and repair of motor vehicles Burnley
- Mining of chemical and fertilizer minerals Kempston
- Manufacture of earthmoving equipment Watford
- Mining of uranium and thorium ores Broughton
- Remediation activities and other waste management services Keynsham
- Sewerage Brigg
- Advertising agencies Strood
- Growing of pome fruits and stone fruits Hornsea
- Primary education Bishops Stortford
- Manufacture of malt Ulverston
- Wholesale of wine, beer, spirits and other alcoholic beverages Enfield
- Landscape service activities Chatteris
- Collection of non-hazardous waste Great Dunmow
- Development of building projects Grays
Equity Release LTV Percentages
- 60% monthly payment life time mortgage The Exeter Equity Release
- 50% loan to value interest-only lifetime mortgages Norton Finance
- 30% loan to value home reversion plans Skipton Building Society
- 45% loan to value (LTV) lump sum lifetime mortgages Saga
- 50% loan to value lump sum lifetime mortgages Norton Finance
