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Beverley Building Society equity release rates and criteria

Beverley Building Society equity release
  • Release money from your house with the 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 5.12%

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.

  • Free No Obligation Quote

  • Please enter a number from 3000 to 2000000000.
  • Please enter a number from 30000 to 100000000.
  • Leave blank if no mortgage outstanding
  • About You

Customer Testimonials

RIO

Sandra from Manchester

I got an equity release to give my daughter money to buy a house. Without the money I borrowed, her buying a home would have been impossible.

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.

RIO

Mrs L from Nottingham

For my lifetime mortgage, I had to pay a valuation fee and a solicitor’s fee, but no lender or broker fees. 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 do not need to move from home.

julia-a

Julia A

My mother has dementia. With my solicitor and my power of attorney, I arranged an equity release on my mother’s house to pay for specialist modifications to improve her comfort.

mr-g

Mr G from Kent

I took out an interest-only lifetime mortgage and gave my sons £100,000 each to put down as a deposit on a home.

My money enabled them to get an excellent mortgage deal, especially one son who is not well paid.

RIO

Mrs E from London

I was advised to take out an equity release on 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

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 down a substantial deposit, so his mortgage was tiny.

My equity release interest rate was close to the interest rate his bank offered.

RIO

Mr Smith from Kendal

My financial advisor told me I should take out an equity release and gift money to my five children now, as it would save a massive amount of inheritance tax.

Old money home

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, substations, sewage works, quarries, fuel stations, refuse sites, sports grounds, noise, light or environmental pollution.

Access home equity

Tough-to-finance property variants include high service charges, properties with any structural defect, damp, dry, or wet rot, properties with sitting tenants or regulated tenancies, cob properties, and concrete frames.

Beverley Building Society equity release

  • First-degree level higher education in Royal Wootton Bassett
  • Financial leasing Driffield
  • Manufacture of taps and valves in Portland
  • Growing of vegetables and melons, roots and tubers, South Elmsall
  • Other construction installations in Maidenhead
  • Manufacture of lime and plaster, Wotton-under-Edge
  • Test drilling and boring in Tetbury
  • Manufacture of plaster products for construction purposes, Longridge
  • Operation of gravel and sand pits; mining of clays and kaolin in Church Stretton
  • Public relations and communications activities in Southborough
  • Glazing Cannock
  • Unlicensed restaurants and cafes in South Kirkby and Moorthorpe
  • Sports and recreation education in Taunton
  • Retail sale of hearing aids in Dawlish
  • Growing of tobacco in Whitby
  • Wholesale of meat and meat products in Axbridge
  • Manufacture of machinery for paper and paperboard production in Cinderford
  • Repair of footwear and leather goods in Brierfield

Beverley Building Society Lifetime Mortgage

The mortgage lender will want to know whether the property is a semi-detached freehold house or a Leasehold house, and whether the resident is an owner-occupier with the property as their primary Residence.

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 the Beverley Building Society Equity Release

  • Bower
  • Crown
  • 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.

Aviva lifetime mortgage
Equity Release Calculator Under 55

Aviva - Lifestyle Flexible Option

Some of the most popular LTV ratios of Aviva over 60 lifetime mortgages with 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%.

LV= Flexible Lifetime Mortgage

The popular LTV ratios for LV= mortgages for over-60s, More to Life retirement mortgages for over-60s, 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-65s are 45%, 55%, and 65%.

Pure Retirement Ltd lifetime mortgage

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
Nationwide Equity Release On Second Homes

More to life Drawdown Lifetime Mortgages

One Family Retirement Mortgages

Pure Retirement Lifetime Mortgages

Canada Life Mortgages

It is usual to encounter people seeking lump-sum lifetime mortgages, monthly-payment lifetime mortgages, or home reversion schemes; however, Age Partnerships, such as VitalityLife Equity Release, are keen to see paperwork that shows your personal situation, such as bank statements.

Disadvantages of Equity Release Schemes

Interest-only lifetime mortgages can reduce your estate value. Lump-sum lifetime mortgages may affect eligibility for benefits. You may need to pay a legal fee, and you may have higher rates with some schemes.

Towns of the UK where the Beverley Building Society equity release is common

  • Madeley
  • Leyton
  • Hornsey
  • Wath-upon-Dearne
  • Bodmin
  • Marazion
  • Wickwar
  • Barrow-in-Furness
  • Newbury
  • Torpoint
  • Bishops Castle
  • Shrewsbury
  • Worksop

Equity Release Loan To Value is similar to the 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 from Prudential

Some of the most popular LTV percentages for 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 expected to release from a home?

The older you are and the sicker you are, the more tax-free money you can release.

Nationwide Equity Release Loan

Does Beverley Building Society offer retirement remortgages for the over-60s?

Yes, a Beverley Building Society retirement remortgage for retired homeowners over 60 is 5.12% APR variable.

Does Beverley Building Society offer pensioner remortgages for over-60s?

Yes, a Beverley Building Society pensioner remortgage over 60 is 5.12% APR fixed for life.

Does Beverley Building Society offer later-life remortgages for the over-60s?

Yes, a Beverley Building Society later life remortgage for pensioners over 60 is 5.12% MER fixed.

Does Beverley Building Society offer the best remortgages for the over-60s?

Yes, a Beverley Building Society, the best remortgage for retired homeowners over 60 is 5.12% AER variable.

Does Beverley Building Society offer a remortgage option for pensioners over 60?

Yes, Beverley Building Society remortgaging options for the over 60s are 5.12% APRC fixed for life.

Does Beverley Building Society do a mortgage calculator for people over 60?

Yes, the Beverley Building Society mortgage calculators for the over-60s show a 5.12% APR fixed for life.

Does Beverley Building Society offer a RIO mortgage for the over-60s?

Yes, Beverley Building Society RIO mortgages for pensioners over 60 are 5.12% MER variable.

Does Beverley Building Society do retirement interest-only mortgages for retired homeowners over 60?

Yes, a Beverley Building Society retirement interest-only mortgage for the over 60s is 5.12% APR variable.