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Is Barnsley Building Society Equity Release the best deal for your needs?

  • Barnsley Building Society Equity ReleaseRemove tax-free money from your property
  • No monthly repayments with Barnsley Building Society Equity Release
  • Use the cash for anything you like
  • Are you still paying a mortgage? That’s fine we can help
  • Continue to stay in your house for as long as you like

How much cash can I borrow?

You can get 65% of your home’s valuation. As an example, if your home is valued at £300000 you can borrow £195000.

  • Free No Obligation Quote

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  • Please enter a number from 30000 to 100000000.
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Recently completed mortgage, equity release and lifetime mortgage cases

RIO

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.

RIO

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.

RIO

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.

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.

RIO

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.

  • Free No Obligation Quote

  • Please enter a number from 4000 to 20000000.
  • Leave blank if no mortgage outstanding
  • About You

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Cash tied up in home
Old money home
Wandsworth Family Home

 

What percentage can be released?

  • 55% monthly payment equity release The Exeter Equity Release
  • 60% loan to value monthly payment lifetime mortgage Precise
  • 35% loan to value home reversion schemes 1st Stop Home Loans
  • 60% loan to value (LTV) home reversion schemes More to life
  • 25% loan to value (LTV) home reversion schemes Magellan Homeloans

The 1st and 2nd charge lender will want to know if the property is a Freehold house or a Leasehold house and if the resident is an Assured shorthold tenancy tenant.

Downsides of Home Reversion Plans

Lumpsum lifetime mortgages can reduce the inheritance for your family. Home reversion plans may impact entitlements to benefits. You may need to pay an advisor’s fee and some products expose you to changes in interest rates.

Equity Release Scheme Providers

  • More to life
  • Saga
  • the Telegraph
  • LV lifetime mortgage

Lloyds Retirement Mortgage House

Legal and General Lifetime Mortgages

More to life Drawdown Lifetime Mortgages

LV Lifetime Mortgages

Challenging to mortgage home variants can include properties will be assessed for flood risk, high service charges – properties where the Service Charge per annum at the time of application is more than 2% of the property value, derelict property or where part of the building is in severe disrepair and needs demolishing, mundic homes and Airey, Boot, Cornish Unit, Dorran, Dyke, Gregory, Hamish Cross, Myton, Newland, Orlit and Parkinson Frame.

One Family Retirement Mortgages

 

Equity release is common among business owners like below

  • Activities auxiliary to financial intermediation n e c West Mersea
  • Life reinsurance Hatherleigh
  • Other mining and quarrying n e c Wembley
  • Construction of bridges and tunnels Chipping Campden
  • Other information technology service activities Arundel
  • Research and experimental development on biotechnology Wath-upon-Dearne
  • Tea processing New Mills
  • Wholesale of dairy products, eggs and edible oils and fats Much Wenlock
  • Manufacture of leather clothes Bedford
  • Activities of collection agencies Hastings
  • Post-graduate level higher education Arlesey
  • Manufacture of other knitted and crocheted apparel Grays
  • Washing and dry- cleaning of textile and fur products Fordingbridge
  • Other retail sale in non-specialised stores Leigh
  • Operation of gravel and sand pits; mining of clays and kaolin Lynton & Lynmouth
  • Publishing of computer games Saxmundham
  • Tax consultancy Twickenham
  • Life insurance Ulverston

 

Tough to mortgage property variants can include properties with outbuildings used for normal domestic purposes (garage, workshop, stables, barn etc), properties with room(s) or outbuilding(s) used for a small amount of personal commercial use, properties without direct access to an adopted highway or which are accessed over an unmade road, properties with flying or creeping freeholds which comprise over 15% of the total floor area and properties where Japanese Knotweed is present.

Lloyds Retirement Mortgage Calculator

Does Barnsley Building Society have positive reviews for equity release?

Yes, Barnsley Building Society reviews are tiptop for equity release.

Difficult to finance home variants can include eco houses and modern methods of construction, properties with any external treatment applied to the roof after construction, large concrete panel systems, studio flats outside the M25 and basement or lower ground floor flats without level access to private or communal garden space.

What are Barnsley Building Society rates for equity release?

Barnsley Building Society interest rates for equity release are 1.89% APRC.

What percentage can be released?

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

Areas where equity release is routine

  • Southgate
  • Scarborough
  • Southgate
  • Bishops Waltham
  • Braunstone Town
  • Amble
  • Eastbourne
  • Yarm
  • Marlborough
  • Wragby
  • Blackwater and Hawley
  • Kenilworth
  • Nailsea
  • Leigh
  • Guisborough
  • Bideford
  • Wolverton and Greenleys
  • Stourport-on-Severn

 

Do Barnsley Building Society do Equity Release?

Yes, Barnsley Building Society Equity Release is 2.15% APRC.

Hard to mortgage home variants include homes requiring essential repairs, age restricted properties, leasehold properties where the lease length is currently unacceptable, properties with unregistered titles subject to these being registered as part of the legal process and properties owned under any form of shared equity scheme.

  • Canada Life Lifetime Mortgage
  • Hodge Indexed Lifetime Mortgage
  • Just Retirement Equity Release Schemes
  • L&G Legal & General Flexible Plus Lifetime Mortgage
  • Pure Retirement Lifetime Mortgage
  • TSB Lifetime Mortgage
  • NatWest Equity Release Schemes
  • Age Partnership Lifetime Mortgage
  • Canada Life Lifestyle Gold Flexi
  • Hodge Lifetime Mortgage Flexible Drawdown Plan
  • Just Retirement Drawdown Lifetime Mortgage
  • Nationwide Interest Only Lifetime Mortgage
  • HSBC Equity Release Schemes
  • More 2 Life Tailored Choice Plan
  • TSB Equity Release Plans
  • NatWest Interest Only Lifetime Mortgage
  • Royal Bank of Scotland Lifetime Mortgage
  • Bridgewater Equity Release Schemes
  • Canada Life Lifetime Mortgage
  • Just retirement equity release lifetime mortgages
  • More to life Capital Choice Plan
  • Pure Retirement Lifetime Mortgage
  • HSBC Equity Release Plans
  • Lloyds Bank Equity Release
  • TSB Equity Release Schemes
  • Age Partnership Equity Release Schemes

Does Barnsley Building Society offer Pensioner Mortgages?

Yes, Barnsley Building Society Pensioner Mortgages are 2.24% MER.

More to life  - Capital Choice Plan
Equity Release Under 55

Popular LTV percentages of Virgin Money mortgages for 60 plus pensioners, Zurich pensioner mortgages over 55, Leeds Building Society retirement mortgages over 65, Coventry Building Society pensioner mortgages over 60, Newcastle Building Society retirement interest only mortgages over 75 and Progressive Building Society pensioner mortgages over 70s are 50%, 55% and 65%.

Do Barnsley Building Society do Retirement Mortgages?

Yes, Barnsley Building Society Retirement Mortgages are 1.86% APRC.

Legal & General Home Finance lifetime mortgage

Popular loan to value percentages of Liverpool Victoria retirement interest only mortgages over 75, More 2 Life mortgages over 70s, One Family mortgages for 60 plus, Yorkshire Building Society mortgages for 60 plus pensioners, Royal London later life interest only mortgages over 60 and SunLife interest only mortgages for over 70s are 50%, 55% and 65%.

Do Barnsley Building Society do Equity Release Under 55?

Yes, Barnsley Building Society Equity Release Under 55 is 2.01% MER.

LV= Lump Sum+ Lifetime Mortgage

Some of the most popular LTV ratios of TSB help to buy for over 60s, Barclays Bank pensioner mortgages over 55, Halifax over 60 mortgages, Legal & General lifetime mortgages for people over 55, RBS over 60 lifetime mortgages no fees and Nationwide Building Society retirement interest only mortgages over 60 are 45%, 60% and 65%.

Aviva lifetime mortgage with cashback

It is usual to discover people looking for interest-only lifetime mortgages, a monthly payment lifetime mortgage or interest-only lifetime mortgages, however, Key Solutions like AIG Life are keen to see evidence of your circumstances in the form of investment statements.

Common pensioner loan products include TSB retirement mortgages, Barclays Bank interest only retirement mortgages for over 70s, Post Office interest only lifetime mortgages, Legal & General later life interest only mortgages over 70 and Nationwide Building Society later life interest only mortgages over 70.

Does Barnsley Building Society offer Lifetime Mortgages?

Yes, Barnsley Building Society do lifetime mortgages at 2.2% MER. Barnsley Building Society Lifetime Mortgages have a loan to value of 70%.