Bank of Scotland Equity Release – Options with Lifetime Mortgages

Bank of Scotland equity release

  • Remove tax-free money from your property with Bank of Scotland equity release
  • No regular monthly repayments
  • Use the money to keep another family member away from a high LTV mortgage
  • Still have a few more mortgages payments to make? No problems
  • Continue to live in your own property
  • Your Requirements

  • Please enter a number from 4000 to 200000000.
  • Please enter a number from 50000 to 10000000.

Concise Finance Customer Reviews

RIO

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.

RIO

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.

RIO

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.

RIO

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.

mrs-daly

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.

david-p-london

David P

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.

RIO

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.

RIO

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.

julia-a

Julia A

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.

  • Your Requirements

  • Please enter a number from 4000 to 20000000.
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Access home equity
Southfields House
Putney Home
South West London Home

Bank of Scotland equity release

The 1st and 2nd charge lender will want to know if the property is a Freehold terraced house or a Leasehold house and if the resident is an Owner Occupier Primary Residence.

National Counties Family Building Society Over 70 Mortgage

More2Life - Flexi Choice Lite

Bank of Scotland equity release

How much is it common to release from a home with Bank of Scotland equity release

The more aged you are and the more serious your illnesses you are the more tax-free money you can release.

Legal and General Retirement Mortgages

Just Drawdown Lifetime Mortgages

Legal and General Mortgages

Pure Retirement Retirement Mortgages

Just Lifetime Mortgages

It’s usual to encounter people looking for Bank of Scotland equity release, lumpsum lifetime mortgages or interest-only lifetime mortgages, however, Bower like Aegon are keen to see paperwork to show your personal situation in the form of pension statements.

  • More 2 Life Capital Choice Plan
  • Hodge Lifetime Flexible Voluntary Repayment Plan
  • Just retirement defined benefit
  • More2Life Flexi Choice Voluntary Payment Super Lite
  • Stonehaven Lifetime Mortgage
  • Nationwide Equity Release Schemes
  • Royal Bank of Scotland Equity Release Plans
  • Age Partnership Lifetime Mortgage
  • Royal Bank of Scotland Lifetime Mortgage
  • Bridgewater Equity Release Schemes
  • Stonehaven Interest Select Plan
  • Royal Bank of Scotland Equity Release
  • Bank of Scotland equity release
  • Aviva Lifetime Mortgages
  • Liverpool Victoria LV Equity Release Schemes
  • Pure Retirement Classic Voluntary Payment Super Lite
  • Nationwide Equity Release Plans
  • HSBC Equity Release Schemes
  • TSB Equity Release Plans
  • NatWest Interest Only Lifetime Mortgage

Equity Release Scheme Lenders similar to Bank of Scotland equity release

  • Just Retirement
  • Prudential Lifetime
  • Legal and General

National Counties Family Building Society Over 60 Mortgage

Areas in the UK where retirement mortgages are common

  • Mere
  • Beverley
  • March
  • Kempston
  • Huntingdon
  • Edmonton
  • Newport
  • Ashby Woulds
  • Ashbourne
  • Minehead
  • Staines-upon-Thames
  • Dereham
  • Sherborne
  • Deal
  • Bakewell
  • Knutsford
  • Wednesbury
  • Castle Cary

Drawbacks of Interest Only Lifetime Mortgages

Lumpsum lifetime mortgages can reduce your estate value. Home reversion schemes may impact entitlements to state benefits. You may need to pay a legal fee and some products expose you to changes in interest rates.

How much is it common to release from a home

  • 55% lifetime mortgage with flexible drawdown cash release The Exeter Equity Release
  • 60% LTV monthly payment equity release Lifetime Mortgage from L&G
  • 30% LTV home reversion plans Central Trust

Examples of business owners with home equity to release

  • Wholesale of coffee, tea, cocoa and spices Morley
  • Manufacture of professional and arcade games and toys Northwich
  • Sea and coastal passenger water transport Wallingford
  • Manufacture of bread; manufacture of fresh pastry goods and cakes Staveley
  • Investigation activities Ryde
  • Retail of furniture, lighting, and similar not musical instruments or scores in specialised store Leyland
  • Repair and maintenance of ships and boats Stockport
  • Radio broadcasting Kirkham
  • Manufacture of other general-purpose machinery n e c Cricklade
  • Growing of tropical and subtropical fruits Great Torrington
  • Manufacture of electronic industrial process control equipment Bishop Auckland
  • Post-graduate level higher education Clevedon
  • Manufacture of fibre optic cables Wadhurst
  • Manufacture of agricultural tractors Nantwich
  • Wholesale of household goods other than musical instruments n e c Southend-on-Sea
  • Operation of bus and coach passenger facilities at bus and coach stations Winchelsea
  • Non-life reinsurance Weymouth
  • Other food services Redruth – Bank of Scotland

Other lenders similar to Bank of Scotland lifetime mortgages