- Remove tax-free money from your property with a Natwest Retirement Mortgage
- 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
- 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 lifetime 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.
Difficult to mortgage home types can include properties in poor condition, properties where the ownership is set up on a tenancy in common basis, freehold houses and bungalows (England, Wales, Northern Ireland), crofted houses and properties with single skin brickwork.
Some of the most popular retirement finance offerings include TSB lifetime mortgages, Barclays Bank interest only lifetime mortgages, Halifax over 60 mortgages, L&G lifetime mortgages and Nationwide Building Society mortgages for 60 plus pensioners.
Difficult to mortgage home types can include difficult roof structures, properties with any externally applied insulation to the walls after construction, steel frame/clad properties built before 1990, freehold/feuhold flats (Scotland only) and basement or lower ground floor flats with level access to private or communal garden space.
Some of the most common loan to value percentage ratios of Lloyds Bank retirement mortgages over 70, Barclays lifetime mortgages for people over 55, Post Office mortgages for over 70s, L&G RIO mortgages over 75, Royal Bank of Scotland pensioner mortgages over 60 and Nationwide BS retirement interest only mortgages over 75 are 35%, 55% and 70%.
Tough to mortgage home titles include properties built or converted into dwellings more than 10 years ago, properties with a large number/scale of outbuildings, grades l and ll* Listed Buildings in England & Wales (Grades A and B in Scotland; A, B+ and B1 in Northern Ireland), properties with mobile phone masts which are not within influencing distance of the house and properties that have a private water supply provided a contract is in place with an approved maintenance company for regular testing and maintenance.
Challenging to finance home variants can include properties will be assessed for flood risk, leasehold properties with a short lease, typically less than 70 years, or a defective lease, property is uninhabitable, corrugated iron construction and missing planning permission or building regulations approval.
How much cash can I borrow?
You can get 65% of your home’s value. For example, if your house is valued at £340000 you can get £221000.
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
- Natwest Lifetime Mortgage Comparison
- Santander Lifetime Mortgage
- Lloyds Bank Retirement Mortgages Advice
- Lloyds Bank Equity Release Loan
- Halifax Equity Release On Second Homes
- Lloyds Lifetime Mortgage Rates 2022
- Lloyds Bank Lifetime Mortgage
- Nationwide Retirement Mortgage Age
- HSBC Retirement Mortgage
- Natwest Equity Release On Second Homes
- HSBC Equity Release Loan
- Natwest Retirement Mortgage Providers
- Santander Retirement Mortgage Interest Only
- Nationwide
- Halifax Retirement Mortgage Reviews
- Nationwide Lifetime Mortgage
Equity Release LTV Percentages
- 60% monthly payment lifetime 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
