- Remove tax-free cash from your home
- You don’t need to make monthly payments
- Free valuation
- Help your family with the money you release
- Continue to stay in your house for as long as you like
How much money can I borrow?
You can achieve 70% of your property’s valuation. For example, if your home is worth £220000 you can release £154000.
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.
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.
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 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.
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.
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 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.
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.
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.
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.
The 1st and 2nd charge lender will want to know if the property is a Freehold terraced house or a Leasehold flat and if the resident is a Private Tenant.
- Aviva Equity Release
- Canada Life Voluntary Select Gold
- L&G Legal & General Flexi Max Voluntary Repayment Plan
- Stonehaven Interest Only Lifetime Mortgage
- Canada Life Equity Release Schemes
- More to Life Flexi Choice Voluntary Payment Super Lite
- Pure Retirement Drawdown Plan
- Stonehaven Interest Select Plan
- NatWest Lifetime Mortgage
- Royal Bank of Scotland Equity Release
- Liverpool Victoria LV Equity Release
- Nationwide Equity Release Plans
- TSB Equity Release Schemes
- Aviva Lifetime Mortgages
- Bridgewater Equity Release
- Just Retirement Drawdown Lifetime Mortgage
- TSB Equity Release
- Royal Bank of Scotland Equity Release Plans
- Lloyds Bank Lifetime Mortgage Maximum Ltv
- Natwest Equity Release Plan
- Lloyds Bank Retirement Mortgages Providers
- HSBC Lifetime Mortgage Interest Only Rates
- Natwest Lifetime Mortgage Advisers
- Halifax Retirement Mortgage Broker
- HSBC Equity Release Retirement
- Natwest Retirement Mortgage Advice
- Santander Lifetime Mortgage Rates 2021
- Santander Equity Release Retirement
- Halifax Equity Release Schemes
- Lloyds Lifetime Mortgage Interest Only Rates
- Lloyds Equity Release Plans
- Nationwide Lifetime Mortgage Advisers
- Halifax Lifetime Mortgage Over 55
- Lloyds Retirement Mortgage Loan
- Lloyds Bank Equity Release
- Santander Retirement Mortgage Home
- Nationwide Equity Release Loan
- HSBC Retirement Mortgage House
Challenging to finance home titles can 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, properties where there are boundary disputes or where planning applications have not been applied for correctly, timber buildings and properties that has never been registered with the land registry.
Do Aviva do Equity Release?
Yes, Aviva Equity Release is 1.99% MER.
What percentage can be released?
- 50% monthly payment equity release Zurich
- 55% loan to value (LTV) home reversion plans Sunlife Plans
- 40% loan to value (LTV) home reversion plans Prudential Lifetime
- 25% LTV lumpsum lifetime mortgages United Trust Bank
- 45% loan to value (LTV) home reversion plans Vida
- 40% LTV lump sum lifetime mortgages Santander
Tough to mortgage home titles include properties with outbuildings used for normal domestic purposes (garage, workshop, stables, barn etc), properties with a large number/scale of outbuildings, use of the land and any outbuildings for a small amount of personal commercial use., properties with flying or creeping freeholds which comprise over 15% of the total floor area and properties in coastal areas that may be affected by erosion.
Hard to finance home variants include difficult roof structures, timber framed properties built between 1920 and 1965, properties with minimum floor area of 30 square metres, former local authority flats and basement or lower ground floor flats without level access to private or communal garden space.
Difficult to finance property variants include properties currently undergoing substantial alterations, extensions or repairs, age restricted properties, right to buy – properties in Scotland, commonhold properties and properties owned under any form of shared equity scheme.
Disadvantages of Equity Release Plans
Home reversion schemes can reduce the value of your estate. Interest-only lifetime mortgages may impact the ability to claim benefits. You may need to pay a solicitor’s fee, and you could have higher rates to pay with some schemes.
Successful business owners who could benefit from Home Reversion Scheme estate planning
- Operation of historical sites and buildings and similar visitor attractions Shifnal
- Repair and maintenance of ships and boats Ventnor
- Manufacture of condiments and seasonings Letchworth Garden City
- Retail sale of books in specialised stores Denholme
- Manufacture of other textiles n e c Lyme Regis
- Production of bricks, tiles and construction products, in baked clay Burton upon Trent
- Translation and interpretation activities Telscombe
- Retail sale of fish, crustaceans and molluscs in specialised stores Ludgershall
- Manufacture of office and shop furniture Gravesend
- Other credit granting n e c Ripley
- Joinery installation Wallingford
- Striking of coins Leighton-Linslade
- Regulation of and contribution to the more efficient operation of businesses Shepshed
- Manufacture of communication equipment other than the telegraph, and telephone apparatus and equipment Nelson
- Manufacture of pulp Brightlingsea
- Renting of videotapes and disks Banbury
- Manufacture of fibre cement Bilston
- Event catering activities Acton
Do Aviva do Pensioner Mortgages?
Yes, Aviva Pensioner Mortgages are 2.02% APRC.
Some of the most common LTV ratios of Standard Chartered retirement mortgages over 65, Shepherds Friendly mortgages for people over 50, Sainsburys mortgages for 60 plus pensioners, Skipton Building Society help to buy for over 60s, Newcastle Building Society mortgages for 60 plus and National Counties Building Society later life interest only mortgages over 70 are 45%, 55% and 65%.
UK Equity Release Lenders
- the Telegraph
- Age Partnership
Some of the most popular loan to value percentage ratios of LV= mortgages for 60 year olds, More 2 Life over 60 mortgages, One Family equity release schemes for people over 70, Yorkshire Bank later life mortgages for over 70s, Metro Bank interest only lifetime mortgages for people over 60 and Axa later life mortgages for over 70s are 45%, 55% and 70%.
Do Aviva do Equity Release Under 55?
Yes, Aviva Equity Release Under 55 is 2.19% APR.
Equity Release LTV Percentages
The older you are and the unhealthier you are, the more money you can release.
Its often found to find individuals searching for lump sum lifetime mortgages, monthly payment lifetime mortgage or home reversion schemes, however, Key Retirement like Zurich are keen to see evidence of your circumstances in the form of bank statements.
Do Aviva do Retirement Mortgages?
Yes, Aviva Retirement Mortgages are 2.12% APR.
Some of the most common pensioner mortgage products include Lloyds Bank equity release plans, Barclays later life interest only mortgages, Post Office retirement mortgages, Legal and General mortgages for over 65 and Nationwide Building Society remortgages for people over 50 years old.
Towns of the UK where Lifetime Mortgages are popular
- St Mary Cray
Some of the most popular LTV percentages of Lloyds Bank interest only mortgages for over 65 year olds, Barclays Bank mortgages for over 60s, Natwest lifetime mortgages for over 55s, L&G help to buy for over 60s, Royal Bank of Scotland remortgages for people over 50 years old and Nationwide BS interest only mortgages for people over 60 are 50%, 60% and 70%.
Does Aviva offer Lifetime Mortgages?
Yes, Aviva does lifetime mortgages at 1.87% APRC. Aviva Lifetime Mortgages have a loan to value (ltv) of 70%.