Bank of Scotland Equity Release – Options with Lifetime Mortgages

bank-of-scotland

  • Remove tax-free money from your property
  • 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 20000000.

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Access home equity
Southfields House
Putney Home
South West London Home
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

Canada Life Home Finance lifetime mortgage

LV= Lump Sum+ Lifetime Mortgage

Pure Retirement Ltd lifetime mortgage

How much is it common to release from a home

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 monthly payment life time mortgage, 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
  • 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

  • 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