Age Partnership equity release rates and criteria

• Release tax-free money from your home with Age Partnership Equity Release
• No regular monthly payments
• No age partnership fees
• Use the money to buy another house
• Stay living in your own home
• Often used as a vehicle to reduce tax bills

How much cash can I get?

You can release 65% of your property’s value. For example, if your home is worth £270000, you can borrow £175500.

Recently completed mortgage, equity release and lifetime mortgage cases

Julia A

My mother has dementia. With my solicitor and power of attorney, I arranged an equity release on my mother’s house to pay for specialist modifications to improve her comfort.

Mrs M from Birmingham

With no broker or lender fees, I got an interest-only retirement mortgage, which I pay each month from my private pension. The money released went to my daughter for her wedding and a deposit for her next house. She wanted a family, and her flat was too small.

Mrs E from London

My mortgage needed to be repaid to the existing lender, and I thought I would lose my house. Thanks to Concise, I got an equity release to pay off my mortgage.

William from London

My lawyer told me my inheritance tax bill would be around £250,000. I got a lifetime mortgage to give my son and daughter money to buy bigger homes, and we bought a house in the south of France for us all to use as a holiday home.

Mr Smith from Kendal

My financial advisor told me I should get an equity release and gift money to my five children now, as it would save a massive amount of inheritance tax.

David P

With my power of attorney, I got an equity release on my father’s house to pay for disability provisions, including a lift and a new kitchen.

Mr G from Kent

I took out an interest-only lifetime mortgage and gave my sons £100,000 each to put down as a deposit on a home. My money gave them an excellent mortgage deal, especially for one of their poorly paid sons.

Mrs Shaw from Lancaster

I had an interest-only mortgage with Birmingham Midshires. The mortgage had reached the end of its term, and they wanted the £127000 back I still owed them. My lifetime mortgage saved me from losing my home, and the rate was close to what I paid before.

Sophie G from Aberdeen

The financial advisor I’ve had for 25 years said I could save inheritance tax by getting £350,000 of equity release. The money was lent at a very low interest rate, close to 5.19%, and was competitive with standard mortgages you would get by proving income. I have saved a lot of tax.

Mrs Daly from Glasgow

My daughter lives in the States and does not have health insurance. My £30,000 lifetime mortgage paid the medical bills for her son’s birth and a year’s rent in advance for a new flat for the baby.

Mrs V from Hastings

I had spent my life accruing credit card debt and loans, then getting interest-only mortgages to pay it off. I reached retirement age and still owed the bank £160,000. The term was about to expire, and I could not afford the payments on my pension anyway.

I got £180,000 equity release, and now I am more comfortable with no monthly repayments. I also spent £20,000 on a new bathroom and kitchen, so I now know I can stay in my home.

Sandra from Manchester

I got an equity release to give my daughter money to buy a house. Without the money I borrowed, her buying a home would have been impossible.

Mrs E from London

I was advised to take out an equity release on my East London home to minimise inheritance tax. My son and daughter used the money to pay down their mortgages. The interest rate on the equity release was so low it was close to their mortgage rate.

Mr Williamson from Chiswick

My son is a chef in a care home. He is not well paid. His bank would not lend him the money to buy a flat. My equity release enabled him to put down a substantial deposit, so his mortgage was tiny. My equity release interest rate was close to the interest rate his bank offered.

The Lifetime interest only mortgage calculator was beneficial.

Mrs G from Leeds

My daughter is a single mother, and I got a £120,000 lifetime mortgage to buy her a flat outright. She has had a succession of poorly maintained rental flats that are not suitable for her child. I have a lifetime mortgage drawdown tool, which was very useful.

Ms G from Dover

I divorced my husband who was a violent alcoholic. I feared losing my home as I sometimes looked after my daughter’s children. Equity Release Age UK enabled me to pay off my ex and stay secure in my house.

Mrs L from Nottingham

For my lifetime mortgage, I had to pay a valuation fee and a solicitor’s fee, but no lender or broker fees. As I was divorcing my husband of 30 years, the money went to him for his share of the house. I am happy now as I am secure and do not need to move from home.

Ms T from Hammersmith

My husband recently died, leaving me with a mortgage I could not afford to pay. The lifetime mortgage allowed me to pay off the mortgage and have enough money left over for a new bathroom, kitchen, and roof repair.

UK Age Partnership Equity Release Scheme Similar Lenders

• Age Concern
• One Family
• Lifetime Mortgage from L&G
• Crown
• The Exeter Age Partnership Equity Release interest rates

Tough-to-finance property titles include properties with legal agreements such as Overage, Clawback, Option, Pre-emption, or any onerous Restrictive Covenant; properties with any structural defect, damp, dry or wet rot; the property is uninhabitable; thatched buildings and properties that have never been registered with the land registry.

• Canada Life Landlord Voluntary Select Plan
• Liverpool Victoria LV= Lump Sum Plus Lifetime Mortgage
• More to Life Flexi Choice Drawdown Lite Plan
• Stonehaven Equity Release Plan drawdown mortgage
• Lloyds Bank Equity Release
• Age Partnership Equity Release drawdown lifetime mortgage
• Royal Bank of Scotland and Age Concern Equity Release Schemes
• Age Partnership Equity Release Schemes
• Hodge Lifetime Flexible Voluntary Repayment Plan
• L&G Legal & General Flexible Max Plus
• Pure Retirement draw down Equity Release Plans
• Lloyds Bank Lifetime Mortgage
• Royal Bank of Scotland Lifetime Mortgage
• More to Life Capital Choice Plan
• Hodge Lifetime Mortgage Flexible Drawdown Plan
• Just retirement best drawdown equity release key features
• Stonehaven Equity Release Plan
• Nationwide Interest-Only Lifetime Mortgage
• TSB compare Equity Release Schemes
• L&G Legal & General Flexible Plus Lifetime Mortgage
• Stonehaven Lifetime Mortgage
• Nationwide Interest-Only Lifetime Mortgage

Tough-to-finance property titles can include properties built or converted into dwellings more than 10 years ago, properties with grounds over five acres, agricultural use of the land and any outbuildings, properties using rooms, land or outbuildings for business purposes that are not personal to the borrower(s) or which extend to more than 50% of the property to be secured and properties where Japanese Knotweed is present.

• Equity Release Under 50
• YBS Lifetime Mortgage Reviews
• BISF Equity Release Mortgage
• Steel frame housing problems mortgage
• Nationwide mortgages for over 60s Retirement Mortgages Interest Only
• Tipton & Coseley Mortgage On Second Property
• Yorkshire Bank Equity Release Brokers UK
• Barclays Retirement Interest-Only Mortgage
• Nationwide Equity Release Mortgage
• Natwest Retirement Mortgage Home
• Age Partnership Advice
• Natwest Lifetime Mortgage Advisers
• Bad Credit Mortgage Interest Only
• Best Mortgages For Over 50s Retirement Mortgage Interest Rate
• Nationwide Retirement Mortgage Calculator
• Nationwide Lifetime Mortgage Reviews
• Halifax Equity Release Retirement

Hard-to-finance home types can include Timber-framed properties constructed after 1965, timber-framed properties built between 1920 and 1965, properties with a minimum floor area of 30 square metres, former local authority flats, and privately developed flats in blocks of three or four storeys without a lift.

Difficult-to-mortgage home types can include poorly maintained properties at the time of the valuation inspection, properties with letting arrangements where the tenancy agreement is not appropriate, right-to-buy properties in Scotland, crofted houses and properties with owned solar panels.

Popular loan-to-value percentage ratios of Aviva lifetime mortgages for those over the 60s, Zurich pensioner mortgages over 55, Sainsbury’s pensioner mortgages over 55, Principality Building Society interest-only retirement mortgages for over 70s, West Bromwich Building Society mortgages for 60 plus pensioners, and Progressive Building Society lifetime mortgages for people over 55 are 40%, 55% and 70%. The current age partnership interest rates are very competitive on the drawdown mortgage.

Towns where Age Partnership Equity Release drawdown calculator is popular, and the Age Partnership calculator is common.

• Hatfield
• Norton-on-Derwent
• Cotgrave
• Sittingbourne
• Launceston
• Crowle
• Boroughbridge
• Leigh-on-Sea
• Haverhill
• Easingwold
• Castleford

It is common to find people looking for lifetime mortgages with monthly payments or home reversion schemes. However, like the VitalityLife age Equity Release calculator, Bower is keen to see evidence of your circumstances in the form of investment statements.

Drawbacks of Age Partnership Equity Release Drawdown

A monthly payment lifetime mortgage can reduce the value of your estate. A monthly-payment lifetime mortgage may affect the ability to claim entitlements. You may need to pay a broker’s fee, and you may have higher rates with some schemes.

Retired small business owners that may be interested in Age Partnership Equity Release

• Roofing activities Tynemouth
• Repair and maintenance of ships and boats Raunds
• Manufacture of tubes, pipes, hollow profiles and related fittings of steel Halesowen
• Repair of personal and household goods n e c Whitehill

The lender will want to know if the property is a semi-detached freehold house or a Leasehold flat with a share of freehold and if the resident is an Assured shorthold tenancy tenant.

LV Mortgages

Popular LTV percentages of Liverpool Victoria interest only lifetime mortgages for people over 60, More to Life mortgages for people over 50, One Family pensioner mortgages over 70s, Yorkshire Bank interest only retirement mortgages for those over 70s, Royal London interest-only lifetime mortgages for people over 60 and Sun Life interest only mortgages for over 70s are 45%, 60% and 65%.

Release Equity In House Under 55

Canada Life

Typical loan-to-value percentages of Lloyds lifetime mortgages for over 60s, Barclays Bank remortgages for people over 50 years old, NatWest interest-only mortgages for over 60s near London, L&G interest-only mortgages for over 65 year olds, Bank of Scotland interest-only mortgages for people over 60 and Nationwide Building Society retirement mortgages over 60 are 40%, 55% and 70%.

Just Equity Release

The drawdown Equity Release calculator LTV and Age partnership reviews

• 60% lifetime mortgage with flexible drawdown equity release cash release LV Liverpool Victoria
• 25% LTV lump sum Age Partnership Equity Release calculator age UK
• 40% loan-to-value lump sum lifetime mortgages Saga
• 25% loan-to-value home reversion plans, age partnership, equity release reviews
• 40% loan-to-value lump sum lifetime mortgages, United Trust Bank
• 30% loan-to-value (LTV) home reversion plans 1st Stop

How much is it common to release from a home with the age partnership equity release calculator

The older you are and the more illnesses you have, the more money you can release.

Some of the most common pensioner mortgage products include Lloyds Bank lifetime mortgages, Barclays Bank RIO mortgages, Post Office pensioner mortgages, Legal and General lifetime mortgages and Nationwide interest-only mortgages for over 60s.