- 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 2.14%
- Variable rates as low as 1.43%
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.
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.
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- Mortgage On Studio Flat
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- House In A Flood Risk Area
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- 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
UK Lenders for Equity Release similar to Beverley Building Society equity release
- Just Retirement
- One Family
- Legal & General
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
- More2Life 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
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.