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Equity Release from Buckinghamshire Building Society – 4.63% Lifetime Mortgage

Buckinghamshire Building Society
  • Remove tax-free equity from your property at 4.63% with Buckinghamshire Building Society equity release
  • No regular monthly payments
  • Use the money for home improvements
  • Continue to stay in your property
  • Non-standard property titles considered

How much can I release?

You can borrow 70% of your property’s value. For example, if your house is valued at £190000 you can get £133000.

  • 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

RIO
RIO

Mrs Shaw from Lancaster
I had an interest-only mortgage with Birmingham Midshires. The mortgage had come to the end of its term and they wanted the £127000 back I still owed them. My lifetime mortgage saved me from losing my home and the rate was close to what I paid before.

Buckinghamshire BS RIO

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.

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.

Buckinghamshire Building Society RIO

Sophie G from Aberdeen
As interest rates are so low now, I got an interest-only lifetime mortgage to put some money in the stock market. I only paid a valuation fee and a solicitor’s fee and did not pay any brokers or lenders fees.

  • Free No Obligation Quote

  • Please enter a number from 4000 to 20000000.
  • Leave blank if no mortgage outstanding
  • About You

  • By clicking Submit and ticking the box above you agree to be contacted by an FCA authorised advisor that you have read and agreed to our Terms & Conditions and our Privacy Policy.
Old money home
Under 65 Home owner

Equity Release from Buckinghamshire Building Society

Aviva Equity Release

Challenging to finance property variants include properties with outbuildings used for normal domestic purposes (garage, workshop, stables, barn etc), properties with flying or creeping freehold which comprises 15% or less of the total floor area, agricultural use of the land and any outbuildings, properties, where there is a self-contained part of the property or annexe, i.e. basement flat etc and properties which have been built on a previously contaminated land are acceptable provided the result of an environmental search, determines the land to be clear of contamination.

Canada Life Drawdown Lifetime Mortgages

Tough-to-finance property titles can include rent charges properties with a high estate rentcharge, properties without a kitchen or bathroom, derelict property or where part of the building is in severe disrepair and needs demolishing, cob property and Airey, Boot, Cornish Unit, Dorran, Dyke, Gregory, Hamish Cross, Myton, Newland, Orlit and Parkinson Frame.

Pure Retirement Lifetime Mortgages

LV Equity Release

Equity Release Loan To Value for Buckinghamshire Building Society equity release

The more elderly you are and the sicker you are the more cash you can release.

What percentage can be released?

  • 50% home reversion schemes Old Mutual Wealth
  • 30% loan to value (LTV) lumpsum lifetime mortgages Masthaven
  • 40% loan to value (LTV) home reversion schemes United Trust Bank
  • 55% loan to value home reversion plans Key Retirement
  • 35% loan to value monthly payment equity release Pure Retirement
  • 30% LTV home reversion plans Loughborough Building Society

Drawbacks of Lifetime Mortgages compared with Buckinghamshire Building Society equity release

Home reversion plans can reduce the value of your estate. Home reversion schemes may impact entitlements to state benefits. You may need to pay a valuation fee and some products expose you to changes in interest rates.

  • Bridgewater Equity Release Plans
  • Buckinghamshire Building Society equity release plans
  • Just retirement equity release lifetime mortgages
  • L&G Legal & General Flexi Max Voluntary Repayment Plan
  • Pure Retirement Classic Drawdown Lite Plan
  • NatWest Interest Only Lifetime Mortgage
  • More to Life Capital Choice Plan
  • Royal Bank of Scotland Equity Release
  • More to life Flexi Choice Drawdown Lite Plan
  • Hodge Lifetime Flexible Voluntary Repayment Plan
  • Royal Bank of Scotland Equity Release Plans
  • Hodge Lifetime Flexible Voluntary Repayment Plan
  • Pure Retirement Drawdown Plan
  • NatWest Equity Release Plans
  • Saga Equity Release Schemes
  • Canada Life Interest Select Gold Flexi
  • Hodge Indexed Lifetime Mortgage
  • Stonehaven Interest Select Plan
  • Nationwide Equity Release Plans
  • TSB Equity Release Plans
  • Age Partnership Equity Release

It is often found to find individuals searching for monthly payment lifetime mortgage, monthly payment lifetime mortgage or interest-only lifetime mortgages, however, the Telegraph like Maximum Cover Equity Release are keen to see proof of your circumstances in the form of pension statements.

Melton Mowbray Building Society Over 75 Mortgage
Buckinghamshire Building Society equity release

Equity Release Lenders

  • Key Solutions
  • Saga
  • Sunlife Plans

Business owners who could benefit from equity release estate planning

  • Plumbing, heat and air-conditioning installation Goole
  • Activities of trade unions Birkenhead
  • Combined office administrative service activities Ivybridge
  • Activities of financial services holding companies Mitcham
  • Wholesale of pharmaceutical goods Redhill
  • Manufacture of engines and turbines, except aircraft, vehicle and cycle engines Marlborough
  • Driving school activities Christchurch
  • Repair of household appliances and home and garden equipment in Southsea
  • Activities of extraterritorial organizations and bodies Ashby-de-la-Zouch
  • Agents involved in the sale of food, beverages and tobacco Market Rasen
  • Landscape service activities Hounslow
  • Manufacture of soft drinks; production of mineral waters and other bottled waters Chudleigh
  • Activities of amusement parks and theme parks Helmsley
  • Motion picture projection activities Southwell
  • Other non-ferrous metal production Oakham
  • Cargo handling for land transport activities Earl Shilton
  • Manufacture of other furniture Petworth
  • Activities of construction holding companies Snaith and Cowick

Hard-to-finance property types can include timber-framed properties built before 1920, timber-framed properties built between 1920 and 1965, properties with a minimum floor area of 30 square metres, coach houses i.e. freehold properties with garages beneath and properties where the flat is accessed via a deck or balcony.

Equity Release Rates Explained

Equity release products are becoming an increasingly popular financial tool for homeowners, especially those in their retirement years. With a variety of products on the market, understanding the rates and implications of each is paramount. In this guide, we’ll break down each category to provide clarity.

Lifetime Mortgage Rates

Introduction to Lifetime Mortgage Rates

Lifetime mortgages are a type of equity release product where homeowners borrow money against the value of their home, while retaining ownership.

How They Work

With a lifetime mortgage, interest is added to the amount you owe, typically rolled-up or compounded. Over time, this can significantly increase the total you owe.

Factors Influencing Rates

Several factors can influence lifetime mortgage rates, including the Bank of England base rate, the age of the youngest homeowner, and the overall loan-to-value ratio.

Advantages and Disadvantages

Pros

For many, the primary advantage is the ability to access funds without needing to move or downsize.

Cons

However, the compounded interest can significantly reduce the inheritance left for beneficiaries.

Interest Only Lifetime Mortgage Rates

Overview of Interest-Only Lifetime Mortgages

Unlike standard lifetime mortgages, with an interest-only product, homeowners make monthly interest payments, ensuring that the original loan amount doesn’t increase.

Key Benefits

The primary advantage is the loan amount remains constant, provided monthly interest is consistently paid.

Comparison with Standard Lifetime Mortgages

While monthly payments are required, the overall debt does not grow, offering more predictable financial planning.

Interest Only Retirement Mortgage Rates

Insight into Interest Only Retirement Mortgages

These mortgages allow retirees to make monthly interest payments on their mortgage, without reducing the original loan amount.

Rate Determinants

The age of the applicant, market conditions, and overall loan-to-value ratios can influence these mortgage rates.

Choosing the Best Rates

Given the specific nature of interest-only retirement mortgages, consultation with a financial advisor and rate comparison is vital.

Retirement Mortgage Rates

What Are Retirement Mortgages?

Retirement mortgages, often known as Retirement Interest Only (RIO) mortgages, enable retirees to borrow money while planning to repay, usually when selling the property.

Factors Affecting Rates

The applicant’s age, property value, and overall economic conditions play a role in determining retirement mortgage rates.

Comparing Providers

With a growing number of lenders offering retirement mortgages, comparison tools and expert advice can help in finding the best rates.

Pensioner Mortgage Rates

Defining Pensioner Mortgages

Catering specifically to retirees, these mortgages consider the unique financial circumstances of pensioners.

Advantages of Pensioner Mortgages

These mortgages provide flexibility in repayment terms and recognise alternative income sources like pensions.

Finding Competitive Rates

Given the range of products on the market, thorough research and expert consultation can lead pensioners to the best available rates.

RIO Mortgage Rates

Zooming into RIO Mortgages

Retirement Interest Only (RIO) mortgages are for older borrowers, allowing only interest repayments with principal repayment typically upon property sale.

Attractiveness of RIO Mortgages

These mortgages offer the advantage of lower monthly payments with a predetermined exit strategy.

Obtaining Competitive RIO Mortgage Rates

Given their growing popularity, it’s crucial to research and compare various RIO mortgage rates to ensure optimum financial terms.

Release Equity

Fundamentals of Releasing Equity

Equity release allows homeowners to tap into their property’s value without the need to move.

Types of Equity Release

The two primary forms include lifetime mortgages and home reversion plans. Each has distinct rates and terms.

Deciding Factors for Rates

The homeowner’s age, property valuation, and prevailing market conditions can influence equity release rates.

Retirement Interest Only Mortgage Rates

Deciphering RIO Mortgage Rates

RIO mortgages present an alternative solution for retirees looking to utilise their property’s equity. Understanding the rates is fundamental.

Distinctiveness of RIO Rates

These rates can differ from standard mortgage rates due to the age factor and unique repayment terms.

Securing Optimal RIO Rates

Research, rate comparisons, and financial consultations are key to navigating and securing the best RIO mortgage rates in the market.

Understanding the intricacies of equity release rates, from lifetime mortgages to RIO mortgages, equips homeowners to make informed decisions tailored to their financial needs and retirement aspirations.

Melton Mowbray Building Society Interest Only Mortgage

Towns of the UK where Lifetime Mortgages are popular

  • Knutsford
  • Earley
  • Enfield
  • Highworth
  • Wilton
  • Newlyn
  • Chagford
  • Brigg
  • Ashburton
  • Lynton & Lynmouth
  • Rothbury
  • Erith
  • Brampton
  • Seaham

The 1st and 2nd charge lenders will want to know if the property is a semi-detached freehold house or a Leasehold flat with a share of freehold and if the resident is an Assured shorthold tenancy tenant.

Hard-to-finance property types can include properties in poor condition, age-restricted properties, leasehold properties (England, Wales, Northern Ireland) subject to a lease length of 160 years, properties where the customer is offering only part of the title as security for the loan and properties with owned solar panels.

Aviva lifetime mortgage

Popular loan to-value percentages Aviva over 60 mortgages, Direct Line pensioner mortgages over 70s, Churchill retirement interest-only mortgages over 60, Principality Building Society over 60 lifetime mortgages, Newcastle Building Society over 60 lifetime mortgages no fees and Cumberland Building Society interest-only lifetime mortgages for over 70s are 45%, 55% and 70%.

Equity Release Mortgage Under 55

Some of the most popular loan to values of Liverpool Victoria are mortgages for 60 year olds, More to Life mortgages for over 65, OneFamily mortgages over 65, YBS mortgages for over the 70s, Metro Bank lifetime mortgages for over 60s and SunLife remortgages for people over 50 years old are 50%, 60% and 65%.

Legal & General - Flexible Indigo

Popular loan-to-value percentage ratios of Lloyds retirement interest only mortgages over 60, Barclays mortgages for over 65, Halifax RIO mortgages over 75, L&G equity release schemes for people over 70, Royal Bank of Scotland mortgages for people 60 plus and Nationwide Building Society RIO mortgages over 75 are 50%, 60% and 65%.

Canada Life - Lifestyle Lite

Some of the most popular retirement mortgage products are TSB lifetime mortgages, Barclays help to buy for those over 60s, Post Office remortgages for people over 50 years old, Legal and General mortgages for those over 65 and Nationwide Building Society mortgages for over 60s.

More to life  - Capital Choice Plus Plan

Does Buckinghamshire Building Society offer retirement remortgages for over 60s?

Yes, a Buckinghamshire Building Society retirement remortgage over 60 is 3.67% AER fixed for life.

Does Buckinghamshire Building Society offer a pensioner remortgage for homeowners over 60?

Yes, Buckinghamshire Building Society pensioner remortgages for the over 60s are 3.66% MER fixed.

Does Buckinghamshire Building Society do a later life remortgage for pensioners over 60?

Yes, Buckinghamshire Building Society later life remortgages for over 60s are 3.19% APR variable.

Does Buckinghamshire Building Society do best remortgages for retired for the over 60s?

Yes, the Buckinghamshire Building Society best remortgage for retired for pensioners over 60 is 3.36% MER variable.

Does Buckinghamshire Building Society offer remortgaging options for the over 60s?

Yes, a Buckinghamshire Building Society remortgaging option for people over 60 is 3.41% APR fixed.

Does Buckinghamshire Building Society do a mortgage calculator for retired homeowners over 60?

Yes, Buckinghamshire Building Society mortgage calculators for the over 60s shows 4% AER variable.

Does Buckinghamshire Building Society do RIO mortgages for the over 60s?

Yes, a Buckinghamshire Building Society RIO mortgage for people over 60 is 3.54% MER variable.

Do Buckinghamshire Building Society offer retirement interest only mortgages for the over 60s?

Yes, a Buckinghamshire Building Society retirement interest only mortgage over 60 is 3.04% MER variable.

Gracie Byrne from Lichfield on Buckinghamshire Building Society Interest Rates

I recently delved into the Buckinghamshire Building Society’s offerings, swayed by the favourable mentions on Trustpilot. Their calculator proved to be a pivotal tool in understanding the loan to value ratios. The low interest rates and no fees policy were exactly what I was looking for, facilitating my retirement planning.

Grace Burns from Stoke on Trent Discusses Buckinghamshire Building Society Reviews

My decision to engage with Buckinghamshire Building Society was greatly influenced by the comprehensive reviews on Google Reviews. The absence of monthly repayments and the provision of a free valuation service made the entire process transparent and straightforward, perfectly aligning with my financial goals for retirement.

Alexander Porter from Worcester on Buckinghamshire Building Society RIO Mortgage

After thorough research, including perusal of feedback on reviews.io, I opted for a RIO mortgage with Buckinghamshire Building Society. Their inclusive policy, particularly the no credit check approach, was a significant draw for me, given my bad credit history. This enabled me to secure my financial future with minimal stress.

Noah Skinner from St Albans on Buckinghamshire Building Society Interest Only Retirement Mortgage

Opting for an interest-only retirement mortgage from Buckinghamshire Building Society was a decision made easier by positive reviews on Trustpilot. Their competitive low interest rates and straightforward no fees policy provided me with the financial stability and peace of mind necessary for my retirement planning.

Mia Lloyd from Dundee on Buckinghamshire Building Society Pensioner Mortgage

Embarking on a pensioner mortgage with Buckinghamshire Building Society was an informed decision, bolstered by insightful reviews on Google Reviews. The lender’s online calculator, coupled with clear policies regarding loan to value ratios, no fees, and free valuation, ensured a smooth and beneficial process, making it an ideal choice for my financial requirements.