- Release tax-free money from your home with Age Partnership Equity Release
- No regular monthly payments
- 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. As an example, if your home is worth £270000 you can borrow £175500.
Recently completed mortgage, equity release and lifetime mortgage cases
My mother has dementia. With my solicitor and my power of attorney, I got equity release on my mother’s house to pay for specialist modifications for her comfort.
Mrs M from Birmingham
With no brokers fees and no lenders 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 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. I thought I was going to lose my house. Thanks to Concise I got equity release to pay off my mortgage.
William from London
I was told by my lawyer my inheritance tax bill would be around £250,000. I got a lifetime mortgage to give money to my son and daughter so they could 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 that I should get equity release and gift money to my 5 children now as it would save a massive amount of inheritance tax.
With my power of attorney, I got equity release on my father’s house to pay for disability provisions including a lift and a new kitchen.
Mr G from Kent
I got an interest-only lifetime mortgage and gave my sons £100,000 each so they could put a deposit down on a home. My money made it possible for them to get a very good mortgage deal, especially one son who is not well paid.
Mrs Shaw from Lancaster
I had an interest-only mortgage with Birmingham Midshires. The mortgage had come to 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 2% and competitive with normal 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 to be born and a years rent in advance for a new flat for the baby.
Mrs V from Hastings
I had spent my life running up credit cards and loans then getting interest-only mortgages to pay off the debt. I got to 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 and I spent £20,000 on a new bathroom and kitchen. I now know I can stay in my home.
Sandra from Manchester
I got equity release to give money to my daughter 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 get equity release from 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. No way his bank would lend him the money to buy a flat. My equity release enabled him to put a substantial deposit down so his mortgage was very small. My equity release interest rate was close to his interest rate offered by his bank.
Mrs G from Leeds
My daughter is a single mother, and I got a £120,000 lifetime mortgage to buy her a flat outright as she has had a succession of poorly maintained rental flats not suitable for her child.
Ms G from Dover
I divorced my husband who was a violent alcoholic. I really feared losing my home as I sometimes look after my daughter’s children. Equity release enabled me to pay off my ex and stay secure in my home.
Mrs L from Nottingham
I had to pay a valuation fee and a solicitor’s fee, but no lender or broker fees for my lifetime mortgage. 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 I do not need to move from my 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
- The Exeter Equity Release
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 kind of structural defect, damp, dry or wet rot, property is uninhabitable, thatched buildings and properties that has 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
- Lloyds Bank Equity Release
- Age Partnership Equity Release
- Royal Bank of Scotland Equity Release Schemes
- Age Partnership Equity Release Schemes
- Hodge Lifetime Flexible Voluntary Repayment Plan
- L&G Legal & General Flexible Max Plus
- Pure Retirement 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 equity release key features
- Stonehaven Equity Release Plan
- Nationwide Interest Only Lifetime Mortgage
- TSB 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 in excess of 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
- Lloyds Bank Lifetime Mortgage Reviews
- HSBC Lifetime Mortgage Over 55
- Santander Equity Release Mortgage
- Steel frame housing problems mortgage
- Lloyds Bank Retirement Mortgages Interest Only
- HSBC Retirement Mortgage Interest Rate
- Timber Frame Mortgage On Second Property
- Lloyds Equity Release Brokers UK
- Santander Lifetime Mortgage
- Nationwide Equity Release Mortgage
- Natwest Retirement Mortgage Home
- Santander Retirement Mortgage Advice
- Natwest Lifetime Mortgage Advisers
- Bad Credit Mortgage Interest Only
- Lloyds Retirement Mortgage Interest Rate
- Nationwide Retirement Mortgage Calculator
- Nationwide Lifetime Mortgage Reviews
- Halifax Equity Release Retirement
- HSBC Equity Release Retirement
Hard to finance home types can include Timber-framed properties constructed post-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 at the time of the valuation inspection, properties where letting arrangement 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 over 60s, Zurich pensioner mortgages over 55, Sainsburys 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%.
Towns where Age Partnership Equity Release is popular
It is common to find people looking for monthly payment lifetime mortgage, monthly payment lifetime mortgage or home reversion schemes, however, Bower like VitalityLife Equity Release are keen to see evidence of your circumstances in the form of investment statements.
Drawbacks of Age Partnership Equity Release
A monthly payment lifetime mortgage can reduce the value of your estate. A monthly payment lifetime mortgage may impact the ability to claim entitlements. You may need to pay a broker’s fee and you could have higher rates to pay 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.
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 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%.
Common 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%.
Equity Release LTV
- 60% lifetime mortgage with flexible drawdown cash release LV Liverpool Victoria
- 25% LTV lumpsum Age Partnership Equity Release
- 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
The older you are and the more illnesses you have you are 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.