- Release money from your house with Beverley Building Society equity release
- You don’t need to make regular monthly payments with some plans
- Beverly Building Society Retirement Mortgage has interest-only payments
- Help your family with the equity you release
- Continue to stay in your property
- Fixed rates 2.44%
How much can I release?
You can release 70% of your home’s valuation. For example, if your home is valued at £270000 you can borrow £189000.
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.
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.
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.
Mr G from Kent
I got an interest-only lifetime mortgage and gave my sons £100,000 each so they could put a deposit down on a home.
My money made it possible for them to get a very good mortgage deal, especially one son who is not well paid.
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.
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.
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.
Tough to mortgage property titles can include grade ll Listed houses (grade C in Scotland and B2 in Northern Ireland), properties with a single annexe or other self-contained part of the property, properties without direct access to an adopted highway or which are accessed over an unmade road, properties using rooms, land or outbuildings for business purposes which are not personal to the borrower(s) or which extend to more than 50% of the property to be secured and properties adversely affected by existing or proposed issues including roads, rail, airports, power plants, power lines/pylons, wind turbines, sub stations, sewage works, quarries, fuel stations, refuse sites, sports grounds, noise, light or environmental pollution.
Tough to finance property variants include high service charges, properties with any kind of structural defect, damp, dry or wet rot, some properties with sitting tenants or regulated tenancies, cob property and concrete frame.
Beverley Building Society equity release
- First-degree level higher education Royal Wootton Bassett
- Financial leasing Driffield
- Manufacture of taps and valves Portland
- Growing of vegetables and melons, roots and tubers South Elmsall
- Other construction installation Maidenhead
- Manufacture of lime and plaster Wotton-under-Edge
- Test drilling and boring Tetbury
- Manufacture of plaster products for construction purposes Longridge
- Operation of gravel and sand pits; mining of clays and kaolin Church Stretton
- Public relations and communications activities Southborough
- Glazing Cannock
- Unlicensed restaurants and cafes South Kirkby and Moorthorpe
- Sports and recreation education Taunton
- Retail sale of hearing aids Dawlish
- Growing of tobacco Whitby
- Wholesale of meat and meat products Axbridge
- Manufacture of machinery for paper and paperboard production Cinderford
- Repair of footwear and leather goods Brierfield
Beverley Building Society Lifetime Mortgage
The mortgage lender will want to know if the property is a Semi detached freehold house or a Leasehold house and if the resident is an Owner Occupier Primary Residence.
- Nationwide Equity Release Scheme
- Swansea Building Society Over 55 Mortgage
- Earl Shilton Building Society
- West Bromwich Building Society Over 50 Mortgage
- Legal And General Later Life Mortgages
- Manchester Building Society Pensioner Mortgage
- Hsbc Lifetime Mortgage Maximum Ltv
- Thatched Cottage Insurance
- Key Retirement Over 60 Mortgage
- Melton Mowbray Building Society Over 75 Mortgage
- Leek United Building Society Interest Only Mortgage
- Sunlife Lifetime Over 75 Mortgage
- Equity Release On Spanish Property
- Equity Release Under 50 Rates 2022
- Beverley Bs Equity Release Providers
- Nationwide Retirement Interest Only Mortgage
- Equity Release Northern Ireland Home
- National Counties Family Building Society Over 50 Mortgage
- Buckinghamshire Building Society Equity Release Home
- Voluntary Payments Equity Release Providers
- Mortgage For Pensioners
- Over 55 Mortgage
- Can I Get A Mortgage At 60
- Coventry Building Society Pensioner Mortgage
- Lv Equity Release Drawdown
- Loughborough Building Society Lifetime Mortgage
- Age 50 Equity Release Interest Only
- London Equity Release Home
- Equity Release UK
- Newcastle Building Society Equity Loan
- Teachers Building Society Pensioner Mortgage Calculator
- Santander Retirement Mortgage Home
- Japanese Knotweed Removal Cost
- Harpenden Building Society Over 70 Mortgage
- Barnsley Building Society Equity Release Providers
- Cheshire Building Society Equity Release Pensioner Mortgage Calculator
- Yorkshire Bank Retirement Mortgage
- Halifax Interest Only Lifetime Mortgage Interest Rates
- Halifax Equity Release Scheme
- Furness Building Society Interest Only Lifetime Mortgage
- Mortgage On Studio Flat
- Agricultural Ties Equity Release Age
- Current Equity Release Interest Rates
- House In A Flood Risk Area
- Skipton Building Society Equity Loan
- Short Leasehold Over 75 Mortgage
- Edinburgh Over 75 Mortgage
- Penrith Building Society Interest Only Lifetime Mortgage
- Nationwide Retirement Mortgage Interest Only
- Natwest Lifetime Mortgage Over 55
- Bath Building Society Equity Release Home
- New Build Properties Lifetime Mortgage
- Rbs Lifetime Mortgage Interest Rates
- Steel Framed Houses UK
Hard to mortgage home types include Timber-framed properties constructed post-1965, timber framed properties built between 1920 and 1965, studio flats located within the M25, freehold/feuhold flats (Scotland only) and freehold flats (England, Wales, Northern Ireland).
UK Lenders for Equity Release similar to Beverley Building Society equity release
- Just Retirement
- One Family
- Legal & General
Hard to mortgage home variants include properties where proposed building works have not yet commenced, properties where tenants live in a self-contained part of the property, leasehold properties where the lease length is currently unacceptable, properties where the customer is offering only part of the title as security for the loan and properties where the borrower(s) own the freehold with any connected party.
Some of the most popular LTV ratios of Aviva over 60 lifetime mortgages no fees, Shepherds Friendly interest only lifetime mortgages for people over 60, Leeds Building Society retirement mortgages over 60, Skipton Building Society interest only retirement mortgages for over 70s, West Bromwich Building Society retirement mortgages over 70 and Cumberland Building Society later life mortgages for over 70s are 35%, 60% and 65%.
Popular LTV ratios of LV= mortgages for over 60s, More to Life retirement mortgages over 60, One Family later life mortgages for over 70s, Yorkshire Building Society over 60 mortgages, Royal London interest only mortgages for over 70s and SunLife mortgages for over 65 are 45%, 55% and 65%.
Lenders similar to Beverley Building Society Lifetime Mortgage
- Bridgewater Lifetime Mortgage
- Canada Life Lifetime Mortgage
- Pure Retirement Equity Release Plans
- Bridgewater Equity Release Schemes
- Canada Life Second Home Voluntary Select Plan
- Hodge Lifetime Mortgage Flexible Drawdown Plan
- Just Retirement Equity Release
- Liverpool Victoria LV Equity Release Schemes
- More to life Tailored Choice Plan
- Bridgewater Equity Release Schemes
- Hodge Lifetime Flexible Voluntary Repayment Plan
- Just Retirement Interest Only Lifetime Mortgage
- Bridgewater Equity Release Schemes
- L&G Legal & General Flexible Lifetime Mortgage
- Liverpool Victoria LV Equity Release Plans
- TSB Equity Release Plans
- Saga home reversion plan
- More 2 Life Capital Choice Plus Plan
It is usual to encounter people seeking out lump sum lifetime mortgages, monthly payment lifetime mortgage or home reversion schemes, however, Age Partnership like VitalityLife Equity Release are keen to see paperwork to show your personal situation in the form of bank statements.
Disadvantages of Equity Release Schemes
Interest-only lifetime mortgages can reduce your estate value. Lump-sum lifetime mortgages may impact the ability to claim benefits. You may need to pay a legal fee and you could have higher rates to pay with some schemes.
Towns of the UK where Beverley Building Society equity release is common
- Bishops Castle
Equity Release Loan To Value similar to Beverley Building Society equity release
- 55% lumpsum lifetime mortgages Fortify Insurance Solutions
- 35% LTV home reversion plans Santander
- 60% LTV monthly payment lifetime mortgage Paragon Personal Finance
- 40% LTV interest-only lifetime mortgages Prudential
Some of the most popular LTV percentages of Lloyds lifetime mortgages for over 60s, Barclays mortgages for 60 plus pensioners, Halifax mortgages for over 70s, Legal and General interest only mortgages for over 65 year olds, Bank of Scotland later life interest only mortgages over 60 and Nationwide Building Society retirement mortgages over 70 are 35%, 55% and 65%.
How much is it common to release from a home
The more aged you are and the sicker you are the more tax-free money you can release.
Beverley Building Society Product name: Retirement Mortgages Capital repayment or interest-only?
Interest-only. Minimum property value: £125,000. Minimum/Maximum loan sum: £25,000/£350,000 if buying; £40,000/£350,000 if remortgaging.
Maximum loan size of 3.5x a single or joint annual income. Maximum LTV: 55%. Minimum/Maximum age at application: 55 Minimum, no max.
Minimum income: you must be receiving pension income to apply; other kinds of non-salaried income also accepted. Overpayments: up to ten per cent per year fee-free; a 2% early repayment charge (ERC) applies beyond that. How is the loan repaid?
When you die or move into care and the property is sold, unless you take out the mortgage with a joint borrower who continues to live in the house and can afford the interest payments on their own.
Popular retirement mortgage products are TSB mortgages for pensioners, HSBC mortgages for over 50 year olds, Post Office over 60 lifetime mortgages, L&G interest only mortgages for over 70s and Nationwide pensioner mortgages over 70s.