Drawdown Lifetime Mortgage from Pure Retirement

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  • Release tax-free equity from your home
  • You don’t need to make regular monthly payments
  • Use the money to help your family
  • Stay living in your own home for as long as you like
  • Your Requirements

  • Please enter a number from 9000 to 20000000.
  • About You

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Hammersmith London Home
Hammersmith London Home
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industry body
equity release loan
authorised and regulated

equity release council

Canada Life Drawdown Lifetime Mortgages

Crown Retirement Mortgages

Just Retirement Mortgages

Santander Lifetime Mortgage Home Reversion Plan

  • Bridgewater Lifetime Mortgage
  • Canada Life Landlord Voluntary Select Plan
  • Nationwide Equity Release
  • More to Life Capital Choice Plan
  • Bridgewater Lifetime Mortgage
  • Canada Life Equity Release
  • Just Retirement Equity Release Plans
  • Lloyds Bank Equity Release Schemes
  • Royal Bank of Scotland Equity Release
  • Saga Lifetime Mortgage
  • Canada Life Voluntary Select Gold
  • Just Retirement Equity Release
  • L&G Legal & General Flexible Lifetime Mortgage
  • Stonehaven Lifetime Mortgage
  • HSBC Lifetime Mortgage
  • Saga home reversion schemes
  • Aviva Equity Release Schemes
  • Bridgewater Lifetime Mortgage
  • Just retirement defined benefit
  • Saga home reversion plan
  • Age Partnership Interest Only Lifetime Mortgage

 

Equity Release Scheme Providers

  • Key Solutions
  • Liverpool Victoria
  • Key Retirement

financial ombudsman service

It’s often found to encounter individuals looking for monthly payment lifetime mortgage, lump sum lifetime mortgages or interest-only lifetime mortgages, however, More2Life like VitalityLife Equity Release are keen to see proof of your circumstances in the form of investment statements.

Santander Lifetime Mortgage Drawdown Scheme

LV= Lump Sum+ Lifetime Mortgage

Retired small business owners that may be interested in Home Reversion Schemes

  • Marine aquaculture Buckfastleigh
  • Specialised cleaning services Buntingford
  • Manufacture of other organic basic chemicals Dartford
  • Technical testing and analysis Keswick
  • Growing of other tree and bush fruits and nuts Adlington
  • Seed processing for propagation Bishops Castle
  • Youth hostels Painswick
  • Support activities for other mining and quarrying Bradninch
  • Retail sale of fruit and vegetables in specialised stores Sandown
  • Construction of water projects Louth
  • Raising of swine pigs Pershore
  • Other residential care activities n e c Sutton
  • Renting and leasing of freight water transport equipment Keynsham
  • Growing of sugar cane Sale
  • Remediation activities and other waste management services Lytchett Minster & Upton
  • Hairdressing and other beauty treatment Partington
  • Manufacture of plastics in primary forms Hoddesdon
  • Repair of electrical equipment Richmond
  • Reproduction of sound recording Haverhill
  • Building of pleasure and sporting boats Chilton
  • Test drilling and boring Princes Risborough

 

cash lump sum

Equity Release percentages of your current property value

  • 50% monthly payment equity release Old Mutual Wealth
  • 35% loan to value monthly payment lifetime mortgage More to Life
  • 30% loan to value monthly payment lifetime mortgage Hodge
  • 30% loan to value lump sum lifetime mortgages Evolution Money

The 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.

Hodge Lifetime - Lump Sum Lifetime Mortgage

financial advisers

Areas of the UK where Lifetime Mortgages are routine

  • Radstock
  • Hawes
  • Weston-super-Mare
  • Shepton Mallet
  • Gainsborough
  • Partington
  • Hatherleigh
  • Winchcombe
  • Leominster
  • Kirton-in-Lindsey
  • Tonbridge
  • Newquay
  • Deal
  • St Neots
  • Ashby-de-la-Zouch
  • Wymondham
  • South Kirkby and Moorthorpe
  • Ollerton and Boughton
  • Bedale

 

How much is it common to release from a home

The more elderly you are and the unhealthier you are the more tax-free cash you can release.

Downsides of Equity Release Plans

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

Pure Retirement - Classic Super Lite Plan

home reversion plans

home reversion schemes
financial services

Hard to finance home types can include properties in poor condition, properties where letting arrangement where the tenancy agreement is not appropriate, freehold houses and bungalows (England, Wales, Northern Ireland), properties which are made up of multiple titles and properties with single skin brickwork.

Common retirement mortgage products are TSB mortgages for pensioners, Barclays mortgages for pensioners, Natwest mortgages for 60 year olds, Legal & General mortgages for pensioners and Nationwide Building Society interest only lifetime mortgages.

Hard to finance property types can include timber framed properties built before 1920, properties with any externally applied insulation to the walls after construction, steel frame/clad properties built before 1990, coach houses i.e. freehold properties with garages beneath and basement or lower ground floor flats without level access to private or communal garden space.

Common LTV percentages of TSB lifetime mortgages for over 55s, Barclays mortgages for 60 plus, Post Office interest only mortgages for over 60s, L&G retirement mortgages over 70, RBS interest only lifetime mortgages for people over 60 and Nationwide BS help to buy for over 60s are 45%, 55% and 70%.

Challenging to finance property titles can include properties built or converted into dwellings within the last 10 years , properties with a single annexe or other self-contained part of the property, use of the land and any outbuildings for a small amount of personal commercial use., properties where there is a self-contained part of the property or annexe, i.e. basement flat etc and properties where Japanese Knotweed is present.

Tough to finance home variants can include high service charges, properties without a kitchen or bathroom, derelict property or where part of the building is in severe disrepair and needs demolishing, timber buildings and Airey, Boot, Cornish Unit, Dorran, Dyke, Gregory, Hamish Cross, Myton, Newland, Orlit and Parkinson Frame.

How much cash can I get?

You can release 60% of your home’s valuation. As an example, if your house is valued at £190000 you can get £114000.

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Located in: Paradigm
Address: 3175 Century Way, Leeds LS15 8ZB
Hours: Closed ⋅ Opens 9 AM Mon
Phone: 0113 366 0599