- Release money from your house
- No monthly repayments
- Use the money to buy another property
- Continue to stay in your house
Equity release is common among small business owners like below
- Construction of bridges and tunnels Christchurch
- Manufacture of builders ware of plastic Newbury
- Architectural activities Tipton
- Manufacture of doors and windows of metal Hetton
- Combined office administrative service activities Kingston-upon-Thames
- Public order and safety activities Bingham
- Manufacture of other general-purpose machinery n e c Horsforth
- Primary education Erith
- Youth hostels Rayleigh
- Manufacture of margarine and similar edible fats Buckfastleigh
- Child day-care activities Pudsey
- Logging Godmanchester
- Retail sale of audio and video equipment in specialised stores Edenbridge
- Manufacture of synthetic rubber in primary forms Withernsea
- Manufacture of other men’s outerwear Lutterworth
- Manufacture of other plastic products Waltham Cross
- Non-specialised wholesale of food, beverages and tobacco Bicester
- Retail sale of newspapers and stationery in specialised stores Haxby
How much is it common to release from a home
- 50% monthly payment lifetime mortgage Maximum cover Equity Release
- 35% loan to value (LTV) interest-only lifetime mortgages Vida
- 30% loan to value (LTV) lifetime mortgage with flexible drawdown cash release Newcastle Building Society
Areas where retirement mortgages are routine
- Pickering
- Wincanton
- Okehampton
- Broseley
- Whaley Bridge
- Bicester
- Wickwar
- Northallerton
- Hastings
- Thaxted
- Walsall
- Berkhamsted
- Hebden Royd
- Eastleigh
- Buntingford
- Mansfield
- Newhaven
- Bacup
Crown Drawdown Lifetime Mortgages
Hodge Lifetime
One Family Lifetime Mortgages
Just Drawdown Lifetime Mortgages
- Bridgewater Lifetime Mortgage
- Nationwide Equity Release Schemes
- NatWest Interest Only Lifetime Mortgage
- Nationwide Equity Release Schemes
- Lloyds Bank Lifetime Mortgage
- Saga home reversion schemes
- Age Partnership Equity Release
- More2Life Flexi Choice Voluntary Payment Super Lite
- Canada Life Voluntary Select Gold
- Liverpool Victoria LV= Lump Sum Plus Lifetime Mortgage
- More 2 Life Capital Choice Plan
- Saga Lifetime Mortgage
- More to Life Capital Choice Plan
- Pure Retirement Equity Release Plans
- Lloyds Bank Lifetime Mortgage
The lender will want to know if the property is a Detached freehold house or a Leasehold flat and if the resident is an Owner Occupier Primary Residence.
Equity Release Providers
- Just Retirement
- Stonehaven Mortgage
- Legal and General
- Saga
Pitfalls of Equity Release Plans
Monthly payment lifetime mortgage can reduce the inheritance for your family. Home reversion plans may impact ability to get state benefits. You may need to pay a valuation fee and you could be exposed to changes in interest rates with some products.
Equity Release LTV
The more elderly you are and the the more illnesses you have you are the more tax free cash you can release.
It’s common to discover individuals seeking out monthly payment lifetime mortgage, monthly payment lifetime mortgage or interest-only lifetime mortgages, however, More2Life like Zurich are keen to see proof of your personal circumstances in the form of bank statements.
