Release equity from your house
No monthly repayments
Use the cash to pay off loans and credit cards
Stay living in your own house for as long as you like
It could be used to manage inheritance tax bills
Self-contained with/without private facilities
With/without direct access to the highway via covered common parts
No limit of stories
No minimum floor area
5.04%

How much cash can I get?

You can borrow 70% of your property’s value. For example, if your house is worth £220,000, you can release £154,000.

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Customer Reviews

William from London

My lawyer told me that my inheritance tax bill would be around £250,000. I obtained a lifetime mortgage to provide financial support to my son and daughter, enabling them to purchase larger homes. We also bought a house in the south of France, which we all use as a holiday home.

Mr Smith from Kendal

My financial advisor told me that I should get an equity release and gift money to my 5 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.

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 house.

Do you own a property with annexes or two kitchens?

Homeowners looking to unlock property value through equity release can benefit from various options. If your property includes annexes or multiple kitchens, lenders such as Nationwide’s over 60s equity release and Aviva Equity Release offer tailored solutions.

Finding the Best Equity Release Rates

Comparing options is essential, and providers such as the best equity release schemes and Santander’s retirement mortgage offer different terms suited to various financial needs.

Specialist Mortgage Solutions

Those considering a lifetime mortgage may explore Nationwide’s lifetime mortgage or Santander’s lifetime mortgage.

Homeowners seeking low-cost options can review equity release fee structures and compare SunLife’s equity release plan to find cost-effective solutions.

Who Qualifies for Equity Release?

Those considering specialist equity release schemes or Nationwide’s interest-only mortgage may find flexible borrowing options based on property features and eligibility.

Comparing Providers

Exploring leading equity release companies can help find reputable lenders. Popular choices include NatWest Lifetime Mortgage and Equity Release for Over 50s.

Financial Solutions for Different Circumstances

For older homeowners, Nationwide’s plan for over 75s can offer a reliable solution. Those with specific borrowing needs may consider Aldermore’s interest-only mortgage.

For pensioners, Santander’s pensioner mortgage and Equity release options for under 60s offer age-specific financial planning.

Final Considerations

For those with limited credit history, Equity release for bad credit may provide an accessible alternative.

For further options, Nationwide’s retirement mortgage and NatWest equity release offer structured repayment terms.

For those seeking advisory services, Age Partnership Equity Release provides financial consultation.

Finally, alternative lenders such as Barclays’ retirement mortgage may present additional borrowing choices.

Exploring More Equity Release Providers

For those considering alternative providers, Coventry Equity Release and Santander Equity Release offer tailored financial solutions.

Additionally, NatWest Retirement Mortgage provides structured repayment plans for those nearing retirement.

Downsides of Equity Release Schemes

A lifetime mortgage with a flexible drawdown cash release can reduce the inheritance for your family. A lifetime mortgage with flexible drawdown cash release may impact the ability to claim entitlements. You may need to pay a legal fee, and some products expose you to changes in interest rates.

Hodge Lifetime - Flexible Repayment Plan - NO Early Repayment Charges

Tough to finance home variants include high service charges, ground rent where the lease or any deed varying the lease provides for a ground rent exceeding, or where the escalating provisions would result in the ground rent exceeding £250 per annum (or £1000 per annum where the property is in Greater London), derelict property or where part of the building is in severe disrepair and needs demolishing, thatched buildings and concrete panel houses.

Canada Life Home Finance lifetime mortgage

Challenging to finance home variants include grade ll Listed houses (grade C in Scotland and B2 in Northern Ireland), properties with grounds in excess of five acres, grades l and ll* Listed Buildings in England & Wales (Grades A and B in Scotland; A, B+ and B1 in Northern Ireland), properties using rooms, land or outbuildings for business purposes which are not personal to the borrower(s) or which extend to more than 50% of the property to be secured and properties adversely affected by existing or proposed issues including roads, rail, airports, power plants, power lines/pylons, wind turbines, substations, sewage works, quarries, fuel stations, refuse sites, sports grounds, noise, light or environmental pollution.

The 1st and 2nd charge lender will want to know whether the property is Freehold or Leasehold and whether the resident is an owner-occupier.

Towns of the UK where equity release is popular

Ferndown
Blyth
Rothwell
Christchurch
Ealing
Caistor
Bishops Waltham
Romford
Rye
St Neots
Thaxted
Kempston
Heathfield
Tamworth
Shepshed
Kington

Difficult-to-finance property types can include timber-framed properties built before 1920, properties with spray foam insulation on the underside of the roof, studio flats within the M25, privately developed flats in blocks of two storeys without a lift, and properties where the flat is accessed via a deck or balcony.

Does Vernon Building Society have good reviews for equity release?

Yes, Vernon Building Society reviews are tip-top for equity release.

What are Vernon Building Society’s rates for equity release?

Vernon Building Society interest rates for equity release are 2.17% APRC.

Equity Release LTV

60% interest-only lifetime mortgages LV Liverpool Victoria
30% loan to value (LTV) monthly payment life time mortgage Lloyds Bank
35% loan to value monthly payment lifetime mortgage Norwich Union
30% LTV home reversion plans Metro Bank Plc

It’s usual to encounter individuals searching for lump sum lifetime mortgages or home reversion schemes. However, Age Concern, like LV Liverpool Victoria, is keen to see proof of your personal circumstances in the form of pension statements.

Hodge Lifetime Mortgages

Does Vernon Building Society offer Equity Release?

Yes, the Vernon Building Society Equity Release is available at a 2.09% APR.

Equity Release Mortgage Under 55

Difficult-to-finance property types include properties currently undergoing substantial alterations, extensions or repairs, properties where letting arrangements are not appropriate, feuhold/freehold properties (including flats) in Scotland, properties where the customer is offering only part of the title as security for the loan and properties with owned solar panels.

More to Life Lifetime Mortgages

Does Vernon Building Society do Pensioner Mortgages?

Yes, Vernon Building Society Pensioner Mortgages are 2.06% APR.

LV Mortgages

Standard loan-to-value ratios of Aviva later life borrowing schemes over 55s, Shepherds Friendly mortgages for over 70s, Sainsbury’s mortgages for 60-year-olds, Principality Building Society interest-only retirement mortgages for over 70s, Nottingham Building Society later life interest-only mortgages over 75 and Progressive Building Society interest-only lifetime mortgages for over 60s are 50%, 55% and 65%.

Aviva Retirement Mortgages

UK Equity Release Scheme Providers

Bower
Saga
Key Retirement
Fortify Insurance Solutions

Does Vernon Building Society offer Retirement Mortgages?

Yes, Vernon Building Society Retirement Mortgages are available at a 2.17% APRC.

Popular LTV percentages of LVE later life mortgages for over 60s, More to life mortgages for over 65, OneFamily mortgages for 60 plus, Yorkshire Building Society later life interest-only mortgages over 70, Principality Building Society mortgages for people 60 plus and SunLife retirement interest-only mortgages over 75 are 35%, 55% and 65%.

What percentage can be released?

The older you are and the sicker you are the more cash you can release.

Canada Life Landlord Voluntary Select Plan
Just Retirement Interest Only Lifetime Mortgage
Nationwide Interest Only Lifetime Mortgage
NatWest Equity Release Plans
Saga home reversion schemes
Stonehaven Lifetime Mortgage
Royal Bank of Scotland Equity Release
Pure Retirement Equity Release Schemes
Stonehaven Equity Release Plan
NatWest Equity Release Schemes
Royal Bank of Scotland Equity Release Plans
Stonehaven Equity Release Scheme
Equity Release Schemes
Lloyds Bank Equity Release

Typical LTV percentages of TSB lifetime mortgages for over 55s, Barclays Bank equity release schemes for people over 70, Halifax help to buy for over 60s, Legal & General mortgages for 60 plus pensioners, Royal Bank of Scotland interest only lifetime mortgages for people over 60 and Nationwide BS over 60 lifetime mortgages no fees are 40%, 60% and 65%.

Does Vernon Building Society do Equity Release Under 55?

Yes, Vernon Building Society Equity Release Under 55 is 1.88% APR.

Successful business owners who could benefit from Home Reversion Scheme estate planning

Processing and preserving of meat Kirkby Stephen
Retail sale of tobacco products in specialised stores Worksop
Manufacture of plastic plates, sheets, tubes and profiles Queenborough-in-Sheppey
Fire service activities Haslingden
Wholesale of live animals Swanage
Manufacture of electrical and electronic equipment for motor vehicles and their engines Swaffham
Cultural education Preesall
Other professional, scientific and technical activities n e c Thorne
Translation and interpretation activities Winsford
Other telecommunications activities Alston
Activities of venture and development capital companies Paddock Wood
Retail sale of sports goods, fishing gear, camping goods, boats and bicycles West Bromwich
Manufacture of footwear in Neston
Manufacture of printed labels Devizes
Operation of rail passenger facilities at railway stations Eye
Wholesale of tobacco products Tavistock
Manufacture of glass fibres Kirkham
Manufacture of earthmoving equipment, Silloth

Non-Standard Property Home Index

Commercial properties, guest houses or hotels•Holiday Lets

Small-scale “home office” business use•Small scale bed and breakfast

Properties with more than 6 bedrooms

Common properties where a ‘granny annexe’ is present. However, we must establish that the annexe does not benefit from its own facilities (self-contained) and will not be occupied independently of the main property.

Many of the most appealing pensioner loan products include TSB later-life mortgages, interest-only lifetime mortgages, NatWest equity release schemes, Legal and General mortgages for 60-plus, and Nationwide interest-only lifetime mortgages.

Does Vernon Building Society do Lifetime Mortgages?

Yes, Vernon Building Society does lifetime mortgages at 2.09% APR. Vernon Building Society Lifetime Mortgages have a loan-to-value (ltv) of 65%.

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