5.22% MER rate for bisf houses
£289 valuation fee for BISF House Mortgage
No lender fees for British iron and steel property
There are no broker fees for non-traditional construction-type houses
Lender not available on the usual comparison sites
All non-standard construction properties are considered for mortgage and equity release
Includes BISF construction house cladding property
BISF House equity release
Corrugated iron homes and asbestos
Steel frame or Steel panels
Large panel system property

Equity release loan to value?

You can borrow 60% of your property’s valuation. For example, if your home is worth £290,000, you can borrow £174,000.

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Recently completed mortgage, equity release and lifetime mortgage cases

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, a new kitchen, and roof repairs. I can now stay in my Corrugated iron property.

Ms G from Dover

I divorced my husband, who was a violent alcoholic. I feared losing my home as I sometimes look after my daughter’s children. Equity release enabled me to pay off my ex and stay secure in my BISF home.

Mr Williamson from Chiswick

My son is a chef in a care home. He is not well paid, and his bank would not 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 rate his bank offered.

Mrs V from Hastings

I had spent my life running up credit card debt and loans, then taking out interest-only mortgages to pay it off. I reached retirement age and still owed the bank £160,000. The term was about to expire, and I could not afford the pension payments anyway. I got £180,000 equity release, and now I am more comfortable with no monthly repayments. I spent £20,000 on a new bathroom and kitchen. I now know I can stay at home.

Mrs M from Birmingham

With no broker or lender fees, I got an interest-only retirement mortgage, which I pay each month from my private pension. The money released was used for my daughter’s wedding and a deposit for her next house. She wanted a family, and her flat was too small.

non standard construction houses for sale

Mrs E from London

My mortgage needed to be repaid to the existing lender, and I thought I was going to lose my house. Thanks to Concise, I got an equity release to pay off my mortgage.

Julia A

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

David P

With my power of attorney, I got an equity release on my father’s house to pay for disability provisions, including a lift and a new kitchen.

Mr G from Kent

I took out an interest-only lifetime mortgage and gave my sons £100,000 each so they could put down a deposit on a home. My money enabled them to get an excellent mortgage deal, especially for one of their poorly paid sons.

Mrs Daly from Glasgow

My daughter lives in the States and does not have health insurance. My £30,000 lifetime mortgage paid the medical bills for her son’s birth and a year’s rent in advance for a new flat for the baby.

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 that it was close to their mortgage rate.

mortgage on a non standard construction house

Mrs G from Leeds

My daughter is a single mother, and I got a £120,000 lifetime mortgage to buy her a flat outright as she has had a succession of poorly maintained rental flats not suitable for her child.

Does Newbury Building Society have positive reviews for equity release?

Yes, Newbury Building Society reviews are superb for equity release.

The lender will want to know if the property is a semi-detached freehold house or a leasehold flat, and if the resident is an owner-occupier primary residence. Many lenders will accept no-fines construction under certain circumstances, and no-fines construction equity release is becoming increasingly popular.

BISF House Mortgage can offer interest rates similar to those of regular house mortgages.

What are the current Newbury Building Society equity release rates?

Newbury Building Society’s equity release rates are 5.87% APRC.

Hanley Economic Building Society Over 75 Mortgage

Tough-to-finance property variants include high service charges, ground rent where the lease or any deed varying the lease provides for a ground rent exceeding, or where the escalating provisions would result in the ground rent exceeding £250 per annum (or £1000 per annum where the property is in Greater London), some properties with sitting tenants or regulated tenancies, timber buildings and concrete frame.

Hanley Economic Building Society Over 70 Mortgage

non standard construction mortgage lenders

Bisf Equity Release
British Iron and Steel Federation steel frame property mortgages with bad credit history
Hodge Lifetime Mortgage Plus first-floor steel federation bisf properties
Liverpool Victoria LV Equity Release Schemes Bisf Homes
Age Partnership Equity Release Schemes for profile metal sheets homes
Canada Life Voluntary Select Gold Flexi and other Building Societies
L&G Legal & General Flexible Max Scheme for custom insulation solutions for homes
Stonehaven Equity Release Scheme
Lloyds Bank Lifetime Mortgage
Saga Lifetime Mortgage for the steel producer’s property titles
Aviva Lifetime Mortgages, brick cladding property
Lloyds Bank Equity Release Plans for UK Housing Program Homes
Aviva Lifestyle Flexible Option for timber weatherboarding detached property
More to life Capital Choice Plus Plan for British Steel homes
Nationwide Interest Only Lifetime Mortgage for complex floor beam homes

BISF House equity release

It is common to encounter individuals seeking a BISF House equity release, a monthly-payment lifetime mortgage, or a lifetime mortgage with flexible cash drawdowns. However, Key Solutions like Old Mutual Wealth require paperwork, such as bank statements, to demonstrate your situation.

Retired business owners who may be interested in lifetime mortgages

Non-scheduled passenger air transport in Bromley
Other activities of employment placement agencies in Helmsley
Activities of investment trust Looe
Liquid milk and cream production in Cramlington
Manufacture of electronic industrial process control equipment, Totton and Eling
Manufacture of electric motors, generators, and transformers, Leigh-on-Sea
Manufacture of steam generators, except central heating hot water boilers, Wellingborough
Wholesale of audio tapes, records, CDs and videotapes, and the equipment on which these are played, Pateley Bridge
Activities of other membership organisations n e c Kenilworth
Manufacture of paper and paperboard in Whitby
Manufacture of bearings, gears, gearing, and driving elements, Carnforth
Repair of watches, clocks and jewellery in Stroud
Manufacture of irradiation, electromedical and electrotherapeutic equipment, Hitchin
Manufacture of veneer sheets and wood-based panels, Kettering
Compulsory social security activities in Worthing
Marine fishing Woking
Gambling and betting activities in Aylsham
Agents involved in the sale of textiles, clothing, fur, footwear, and leather goods in Wiveliscombe
BISF Steel frame

Tough-to-finance home titles can include properties with land in addition to the domestic grounds up to a maximum property size of five acres, where the land is for everyday domestic use, properties with a single annexe or other self-contained part of the property, properties with a small number of solar panels or a wind turbine on the land for domestic use, properties that are being used for personal, commercial use.

Properties that have a private water supply, provided a contract is in place with an approved maintenance company for regular testing and maintenance.

Does Newbury Building Society offer Equity Release?

Yes, Newbury Building Society Equity Release is 5.2% APR.

Equity Release LTV BISF Steel frame

50% lumpsum lifetime mortgages, The Exeter Equity Release
35% loan-to-value interest-only lifetime mortgages More to Life
25% loan to value (LTV), a monthly payment equity release from Newcastle Building Society

Crown Retirement Mortgages

Legal and General Equity Release

Difficult-to-mortgage property variants include Timber-framed properties constructed post-1965, properties with single-skin brickwork where the single skin comprises more than 20% of the surface area of the external walls, properties built or converted within the past 10 years, coach houses, i.e. freehold properties with garages beneath, and properties where the flat is accessed via a deck or balcony.

Equity Release Mortgage Under 55

Does Newbury Building Society offer Pensioner Mortgages?

Yes, Newbury Building Society Pensioner Mortgages are 5.26% APRC.

Hard-to-mortgage property variants can include homes requiring essential repairs, entirely tenanted properties, right to buy properties in England, Wales and Northern Ireland, crofted houses and properties with owned solar panels.

Some of the most common LTV percentages of Aviva over 60 mortgages, Shepherds Friendly mortgages over 65, Leeds Building Society retirement interest only mortgages over 75, Coventry Building Society mortgages for 60 plus, West Bromwich Building Society remortgages for people over 50 years old and National Counties Building Society retirement mortgages over 60 are 50%, 60% and 65%.

Equity Release steel framed houses mortgage LTV- BISF House Mortgage

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

Does Newbury Building Society do Retirement Mortgages?

Yes, Newbury Building Society Retirement Mortgages are 5.3% APRC.

Pitfalls of Equity Release Plans – BISF House Mortgage

Interest-only lifetime mortgages can reduce the value of your estate. Interest-only lifetime mortgages may impact the ability to claim entitlements. You may need to pay legal fees, and you could be exposed to interest rate changes with some bisf construction lending products.

Typical loan-to-value percentage ratios of LV= mortgages for over 50-year-olds, More to life later life mortgages for over 60s, OneFamily interest-only mortgages for over 70s, YBS retirement mortgages over 65, Metro Bank remortgages for people over 50 years old and SunLife interest-only mortgages for people over 70 are 35%, 60% and 70%.

Towns of the UK where BISF House Mortgages are popular

Leyton
Southend-on-Sea
Newton Abbot
Winchelsea
Crewe
Ledbury
Barton-upon-Humber
Cheshunt
Whitworth
Bridlington
Thatcham
Northleach with Eastington
Strood
Quedgeley

Lenders for Equity Release Corrugated iron property – BISF House Mortgage

More to life
LV lifetime mortgage
Aviva Bisf Construction

Typical loan-to-value percentage ratios of Lloyds Bank later life mortgages for over 70s, Barclays equity release schemes for over 55’s, Halifax over 60 lifetime mortgages no fees, Legal and General interest only lifetime mortgages for over 60s, Royal Bank of Scotland later life interest-only mortgages over 75 and Nationwide remortgages for people over 50 years old are 35%, 55% and 70%.

Small kitchen/bathroom extensions of single skin brick blockwork – bisf construction•

Does Newbury Building Society do Equity Release Under 55?

Yes, the Newbury Building Society Equity Release Under 55 has a 1.99% MER.

Concrete or steel frame-blocks of flats were built after the 1980 BISF House equity release. Bisf houses are usually priced about 30% lower per square foot than a conventional construction house.

Solid brick, stone or concrete block–minimum thickness 225mm•Cavity brick, stone or concrete block – minimum thickness 275mm•

Bisf construction mortgage options

Timber frame wall with a cavity and outer wall of brick built after 1965 – minimum thickness 275mm (All widths exclude finishes)

Cob walls

Walls constructed entirely out of timber

Single-skin brick/blockwork

Concrete frame/panels

Steel frame/panels

Pre-cast reinforced concrete (PRC)
Poured concrete – bisf construction

corrugated iron sheet houses
In-situ cast concrete•
No fines•
Extensive panel system, simple corrugated iron houses
Steel frame properties

modern corrugated iron houses

corrugated iron sheet houses

Non-Standard Property Home Index

Cob walls•Walls built entirely out of timber•Single skin brick/blockwork•Concrete frame/panels•Steel frame/panels

Small kitchen/bathroom extensions of single skin brick blockwork • Concrete or steel frame blocks of flats built after 1980

Solid brick, stone or concrete block–minimum thickness 225mm • Cavity brick, stone or concrete block – minimum thickness 275mm•Timber frame wall with a cavity and outer wall of brick built after 1965 – minimum thickness 275mm (All widths exclude finishes)

Appealing retirement loan offerings are TSB equity release plans, Barclays Bank mortgages for people over 50, NatWest interest-only mortgages for people over 60, L&G equity release schemes and Nationwide pensioner mortgages over 70s.

Does Newbury Building Society offer Lifetime Mortgages?

Yes, Newbury Building Society does lifetime mortgages at 5.19% APR. Newbury Building Society Lifetime Mortgages can have an LTV of 75%.

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