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Lifetime mortgages to buy a house or flat at 2.13% APR

buy

  • Pay 2.13% interest rate
  • You don’t need to make regular monthly payments unless you prefer to
  • Use the money for a holiday
  • Stay living in your own house for as long as you like
  • Can be used to help tax planning

How much money can I borrow?

You can borrow 60% of your home’s value. As an example, if your house is valued at £330000 you can get £198000.

  • Your Requirements

  • Please enter a number from 4000 to 200000000.
  • Please enter a number from 50000 to 10000000.

Homeowner in their 70s

  • Your Requirements

  • Please enter a number from 4000 to 20000000.
  • About You

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It’s common to discover individuals seeking out lumpsum lifetime mortgages, lump sum life time mortgages or home reversion schemes, however, Key Solutions like AA equity release are keen to see proof of your personal circumstances in the form of pension statements.

Towns in the UK where retirement mortgages are common

  • Winsford
  • Aylesbury
  • Crowle
  • Wotton-under-Edge
  • Maltby
  • Barnet
  • Wimborne Minster
  • Bude-Stratton
  • Winsford
  • Gateshead
  • Uttoxeter
  • Bury St Edmunds
  • Matlock
  • Stalybridge
  • Mere
  • Walton-on-Thames
  • Barking
  • Wivenhoe

 

How much is it common to release from a home

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

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

Bath Building Society Equity Release

Challenging to finance property variants include rentcharges properties with a high estate rentcharge, leasehold properties with a short lease, typically less than 70 years, or a defective lease, properties of non-standard construction, corrugated iron construction and Airey, Boot, Cornish Unit, Dorran, Dyke, Gregory, Hamish Cross, Myton, Newland, Orlit and Parkinson Frame.

Tough to mortgage property 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 normal domestic use, properties with a large number/scale of outbuildings, grades l and ll* Listed Buildings in England & Wales (Grades A and B in Scotland; A, B+ and B1 in Northern Ireland), properties that are being used for personal commercial use and properties in coastal areas that may be affected by erosion.

Hodge Lifetime lifetime mortgage

Difficult to finance home types can include properties with post 1945 asbestos or similar composition roof tiles , properties with any externally applied insulation to the walls after construction, steel frame/clad properties built before 1990, studio flats outside the M25 and basement or lower ground floor flats without level access to private or communal garden space.

Legal & General - Flexible Indigo

Hard to mortgage property variants include poorly maintained at the time of the valuation inspection, properties where tenants live in a self-contained part of the property, freehold houses and bungalows (England, Wales, Northern Ireland), 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 percentage ratios of Standard Chartered retirement mortgages over 70, Zurich mortgages for 60 year olds, Churchill lifetime mortgages for over 60s, Principality Building Society mortgages for over 65, Nottingham Building Society mortgages for pensioners over 60 and Progressive Building Society retirement interest only mortgages over 75 are 45%, 55% and 65%.

Pure Retirement - Classic Lite

Equity Release UK Lenders

  • Age Concern
  • Norwich Union
  • Lifetime Mortgage from L&G
  • Prudential

 

Equity Release LTV Percentages

  • 50% home reversion schemes LV Liverpool Victoria
  • 25% LTV monthly payment lifetime mortgage Masthaven
  • 25% LTV monthly payment equity release Masthaven

 

Some of the most common loan to value percentages of LV= later life interest only mortgages over 70, More to life mortgages for pensioners over 60, One Family interest only mortgages for over 60s, Yorkshire Building Society mortgages for people 60 plus, Metro Bank mortgages for over 60s and SunLife mortgages for 60 plus are 50%, 60% and 65%.

Aviva Retirement Mortgages

More to life Retirement Mortgages

 

Disadvantages of Home Reversion Plans – buy a house

Lump-sum lifetime mortgages can reduce the inheritance for your family. Monthly payment equity release may impact entitlements to state benefits. You may need to pay a legal fee and you could be exposed to changes in interest rates with some products.

  • Just Retirement Interest Only Lifetime Mortgage
  • L&G Legal & General Flexi Max Voluntary Repayment Plan
  • Lloyds Bank Equity Release Schemes
  • Stonehaven Interest Only Lifetime Mortgage
  • Lloyds Bank Lifetime Mortgage
  • NatWest Interest Only Lifetime Mortgage
  • Royal Bank of Scotland Equity Release
  • Saga home reversion plan to buy a house
  • Bridgewater Equity Release Plans
  • Just Retirement Equity Release
  • Stonehaven Interest Only Lifetime Mortgage
  • Nationwide Equity Release Plans
  • HSBC Equity Release Schemes
  • Lloyds Bank Lifetime Mortgage

Bath Building Society Equity Release Rates 2022

Some of the most popular pensioner loan products are Lloyds mortgages for people 60 plus, Barclays lifetime mortgages, Post Office RIO mortgages, Legal & General retirement interest only mortgages and Nationwide Building Society later life interest only mortgages over 60.

Equity Release Calculator Under 55

Business owners details likely with equity to release

  • Shaping and processing of flat glass Crook
  • Fitness facilities Whitworth
  • Support activities for crop production Maryport
  • Liquid milk and cream production Wragby
  • Finishing of textiles Bexley
  • Retail sale of musical instruments and scores Chorleywood
  • Raising of swine pigs Minehead
  • Manufacture of paper and paperboard Spalding
  • Computer facilities management activities Westbury
  • Manufacture of men’s underwear Gillingham
  • Retail sale of newspapers and stationery in specialised stores Haltwhistle
  • Manufacture of electronic components Bicester
  • Other retail sales in non-specialised stores Alton
  • Other retail sales of new goods in specialised stores, not commercial art galleries and opticians Winchelsea
  • Justice and judicial activities Luton
  • Manufacture of ice cream Sutton
  • Wholesale of perfume and cosmetics Grimsby
  • Raising of dairy cattle Verwood

 

Common loan to value percentage ratios of Lloyds Bank mortgages for over 70s, Barclays Bank interest only lifetime mortgages for over 60s, Halifax later life interest only mortgages over 70, L&G interest only mortgages for people over 60, RBS interest only lifetime mortgages for over 70s and Nationwide Building Society remortgages for people over 50 years old are 45%, 60% and 65%.