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UK and European equity release companies – firms with no fees in 2022

companies

  • Remove tax-free equity from your house
  • Not necessary to make regular monthly payments
  • Use the cash for anything you like
  • Continue to live in your own property
  • Often used as a vehicle to reduce tax bills

How much can I borrow?

You can release 65% of your property’s value. As an example, if your house is valued at £220000 you can borrow £143000.

  • 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
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Raise money with your home
Homeowner in their 60s

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

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https://www.bankofengland.co.uk/

 

 

Tough to mortgage property titles include high service charges, properties close to mining works, areas of landfill, areas of recent flooding or subsidence, some properties with sitting tenants or regulated tenancies, thatched buildings and concrete panel houses.

Successful business owners who could benefit from equity release estate planning

  • Operation of sports facilities Wood Green
  • Manufacture of watches and clocks Liskeard
  • Manufacture of machinery for mining Rye
  • Sale of new cars and light motor vehicles Ottery St Mary
  • Pre-primary education Cullompton
  • Manufacture of plastic plates, sheets, tubes and profiles South Woodham Ferrers
  • Raising of horses and other equines Newton Aycliffe
  • Combined facilities support activities Bingley
  • Maintenance and repair of motor vehicles Louth
  • Retail sale of automotive fuel in specialised stores Penrith
  • Marine aquaculture Saltash
  • Non-specialised wholesale of food, beverages and tobacco Newquay
  • Retail sale of medical and orthopaedic goods in specialised stores, not incl hearing aids n e c Surbiton
  • Wholesale of chemical products Tickhill
  • Non-specialised wholesale trade Wembley
  • Technical and vocational secondary education Brough
  • Unlicensed carrier Steyning
  • Manufacture of locks and hinges Looe

The lender will want to know if the property is a Freehold terraced house or a Leasehold house and if the resident is a Private Tenant.

Challenging to finance home variants include flats of less than 30 square metres in any location, properties with grounds in excess of five acres, grades l and ll* Listed Buildings in England & Wales (Grades A and B in Scotland; A, B+ and B1 in Northern Ireland), 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 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.

Equity Release LTV

  • 50% monthly payment equity release AIG Life
  • 55% loan to value home reversion plans Just Retirement
  • 45% loan to value (LTV) monthly payment lifetime mortgage Stonehaven Mortgage
  • 30% LTV lumpsum lifetime mortgages Equifinance
  • 40% loan to value home reversion schemes Shawbrook
  • 25% loan to value home reversion schemes Secure Trust Bank

 

Downsides of Equity Release Schemes

Home reversion schemes can reduce your estate value. Home reversion plans may impact the ability to get state benefits. You may need to pay a broker’s fee and some products expose you to changes in interest rates.

Liverpool Victoria Equity Release Calculator

Does Metro Bank have excellent reviews for equity release?

Yes, Metro Bank reviews are superb for equity release.

Aviva Lifetime Mortgages

Canada Life Retirement Mortgages

Hard to mortgage home types can include pre-fabricated reinforced concrete (PRC), properties with spray foam insulation applied to the underside of the roof, properties with minimum floor area of 30 square metres, former local authority flats and flats above or adjacent to commercial premises.

Legal and General Retirement Mortgages

More to life

What are the current Metro Bank interest rates for equity release?

Metro Bank rates for equity release are 2.08% APR.

Aviva Lifetime Mortgages

 

Equity Release LTV

The older you are and the more serious your illnesses you are the more tax-free money you can release.

Liverpool Victoria Equity Release Interest Rate

Hard to finance property types include properties in poor condition, properties where multiple third parties are living in an annexe, freehold houses and bungalows (England, Wales, Northern Ireland), commonhold properties and properties with owned solar panels.

 

UK Lenders for Equity Release

  • Legal and General
  • More to Life
  • Aviva
  • Step Change
  • AA equity release

It is often found to discover individuals looking for lifetime mortgage with flexible drawdown cash release, lump sum life time mortgages or lifetime mortgage with flexible drawdown cash release, however, the Telegraph like The Exeter Equity Release are keen to see paperwork to show your situation in the form of pension statements.

Does Metro Bank offer Equity Release?

Yes, Metro Bank Equity Release is 2.16% MER.

Some of the most popular LTV percentages of Aviva mortgages for 60 plus, Zurich interest only lifetime mortgages for over 60s, Churchill interest only mortgages for over 65 year olds, Skipton Building Society mortgages over 70s, Newcastle Building Society mortgages for over 60s and Progressive Building Society pensioner mortgages over 60 are 40%, 55% and 65%.

Areas where equity release is popular

  • Haslemere
  • Barnes
  • Newent
  • Stalybridge
  • Ormskirk
  • Ipswich
  • Willenhall
  • Congleton
  • Highworth
  • Cullompton
  • Wendover
  • Southend-on-Sea
  • Bridgwater
  • Burgh-le-Marsh

Just Retirement - Roll-Up Lifetime Mortgage

Does Metro Bank offer Pensioner Mortgages?

Yes, Metro Bank Pensioner Mortgages are 2.13% APR.

Common loan to values of Liverpool Victoria mortgages for 60 plus, More 2 Life over 60 lifetime mortgages, One Family interest only retirement mortgages for over 70s, Yorkshire Bank lifetime mortgages for over 55s, Metro Bank mortgages for 60 plus pensioners and Sun Life later life mortgages for over 60s are 45%, 55% and 65%.

Pure Retirement Ltd lifetime mortgage

Popular LTV ratios of Lloyds remortgages for people over 50 years old, HSBC lifetime mortgages for people over 55, NatWest interest only mortgages for over 65 year olds, Legal & General later life interest only mortgages over 70, Royal Bank of Scotland mortgages for 60 year olds and Nationwide interest only mortgages for over 60s are 40%, 55% and 65%.

Legal & General - Flexible Yellow

Does Metro Bank offer Equity Release Under 55?

Yes, Metro Bank Equity Release Under 55 is 2.17% MER.

Legal & General - Flexible Pink

Do Metro Bank do Retirement Mortgages?

Yes, Metro Bank Retirement Mortgages are 1.95% APRC.

  • Aviva Equity Release Schemes
  • Hodge Equity Release Plans
  • Just retirement defined benefit
  • Pure Retirement Lifetime Mortgage
  • TSB Equity Release Schemes
  • Saga Lifetime Mortgage
  • More to Life Flexi Choice Voluntary Payment Super Lite
  • Nationwide Equity Release
  • HSBC Equity Release Plans
  • TSB Equity Release Plans
  • Age Partnership Interest Only Lifetime Mortgage
  • Liverpool Victoria LV= Flexible Lifetime Mortgage
  • TSB Equity Release
  • Royal Bank of Scotland Lifetime Mortgage
  • Canada Life Lifetime Mortgage
  • L&G Legal & General Premier Flexible Lifetime Mortgage
  • Liverpool Victoria LV Equity Release
  • More to Life Capital Choice Plan
  • HSBC Lifetime Mortgage
  • Lloyds Bank Equity Release
  • Royal Bank of Scotland Equity Release Schemes
  • Age Partnership Equity Release Schemes

 

Some of the most common retirement finance offerings are Lloyds later life interest only mortgages over 70, Barclays Bank mortgages for 60 plus, NatWest interest only lifetime mortgages, Legal and General interest only mortgages for over 60s near London and Nationwide Building Society interest only retirement mortgages for over 70s.

Does Metro Bank offer Lifetime Mortgages?

Yes, Metro Bank do lifetime mortgages at 1.97% MER. Metro Bank Lifetime Mortgages have a loan to value of 60%.