- Remove tax-free equity from your property
- No need to make monthly payments
- Use the money to pay off credit cards and loans
- Stay living in your own home for as long as you like
Testimonials and Example Cases
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.
Mrs M from Birmingham
With no brokers fees and no lenders fees, I got an interest-only retirement mortgage which I pay each month from my private pension. The money released went to my daughter for her wedding and deposit for her next house. She wanted a family, and her flat was too small.
Mrs E from London
My mortgage needed to be repaid to the existing lender. I thought I was going to lose my house. Thanks to Concise I got equity release to pay off my mortgage.
With my power of attorney, I got equity release on my father’s house to pay for disability provisions including a lift and a new kitchen.
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.
William from London
I was told by my lawyer my inheritance tax bill would be around £250,000. I got a lifetime mortgage to give money to my son and daughter so they could buy bigger homes and we bought a house in the south of France for us all to use as a holiday home.
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 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.
Sophie G from Aberdeen
The financial advisor I’ve had for 25 years said I could save inheritance tax by getting £350,000 of equity release. The money was lent at a very low-interest rate close to 2% and competitive with normal mortgages you would get by proving income. I have saved a lot of tax.
The mortgage lender will want to know if the property is a Freehold terraced house or a Leasehold flat with share of freehold and if the resident is an Assured shorthold tenancy tenant.
- HSBC Equity Release Interest Rates
- Natwest Equity Release Mortgage
- Natwest Retirement Mortgage Interest Rates
- Santander Retirement Mortgage House
- Natwest Lifetime Mortgage Reviews
- Lloyds Equity Release Scheme
- Lloyds Lifetime Mortgage
- Santander Lifetime Mortgage On Second Property
- Lloyds Bank Lifetime Mortgage Interest Only Rates
- Lloyds Bank
- Lloyds Bank Retirement Mortgages Broker
- Halifax Retirement Mortgage Interest Rates
- Halifax Equity Release Advice
- Nationwide Equity Release Best Deals
- Nationwide Lifetime Mortgage Home Reversion Plan
- Santander Equity Release From Property
- HSBC Lifetime Mortgage On Second Property
- Lloyds Retirement Mortgage House
Small business owners detail likely with equity to release
- Sound recording and music publishing activities Widnes
- Wired telecommunications activities Long Sutton
- Manufacture of cleaning and polishing preparations Swanscombe and Greenhithe
- Manufacture of cider and other fruit wines Moretonhampstead
- Manufacture of medical and dental instruments and supplies Penkridge
- Manufacture of dyes and pigments Pocklington
- Fire service activities Coulsdon
- Extraction of salt Snaith and Cowick
- Temporary employment agency activities Halewood
- Retail sale of sports goods, fishing gear, camping goods, boats and bicycles Stocksbridge
- Manufacture of taps and valves Hatherleigh
- Activities of trade unions Eastbourne
- Post-harvest crop activities Southminster
- Manufacture of loaded electronic boards West Malling
- Other construction installation Oldbury
- Other research and experimental development on natural sciences and engineering Grange-over-Sands
- Manufacture of flat glass Redcar
- Video production activities Egremont
Towns of the UK where Lifetime Mortgages are common
- Long Sutton
- Market Deeping
- Harworth and Bircotes
- Cleobury Mortimer
- Bridgewater Equity Release
- Canada Life Second Home Voluntary Select Plan
- Liverpool Victoria LV Equity Release
- More2Life Capital Choice Plan
- Nationwide Interest Only Lifetime Mortgage
- Saga home reversion plan
- Aviva Equity Release
- L&G Legal & General Flexible Plus Lifetime Mortgage
- HSBC Equity Release Schemes
- More 2 Life Flexi Choice Voluntary Payment Super Lite
- More2Life Flexi Choice Voluntary Payment Super Lite
- More 2 Life Capital Choice Plus Plan
- Lloyds Bank Equity Release
- TSB Equity Release Plans
- NatWest Interest Only Lifetime Mortgage
- Pure Retirement Equity Release Plans
- TSB Equity Release
- More 2 Life Flexi Choice Voluntary Payment Super Lite
What percentage can be released?
The more elderly you are and the unhealthier you are the more tax-free money you can release.
Pitfalls of Interest Only Lifetime Mortgages
Home reversion schemes can reduce the inheritance for your family. A monthly payment lifetime mortgage may impact the ability to claim benefits. You may need to pay a broker’s fee and some products expose you to changes in interest rates.
UK Providers for Equity Release
- Sunlife Plans
- Prudential Lifetime
- Lifetime Mortgage from L&G
It’s usual to discover people looking for monthly payment lifetime mortgage, lump sum lifetime mortgages or lifetime mortgage with flexible drawdown cash release, however, Key Retirement like The Exeter Equity Release are keen to see proof of your personal situation in the form of pension statements.
Equity Release percentages of your current property value
- 55% home reversion plans Old Mutual Wealth
- 50% loan to value home reversion plans Just Retirement
- 40% loan to value lump sum lifetime mortgages Stepchange
- 30% loan to value home reversion plans Prestige Finance
- 55% loan to value monthly payment lifetime mortgage Together Money
- 25% loan to value (LTV) home reversion plans Central Trust