- Release-tax free equity from your house with Cheshire Building Society Equity Release
- No need to make monthly payments
- Help your family to buy a house
- Stay living in your own house for as long as you like
- Can be a vehicle to reduce tax bills
How much can I release?
You can borrow 60% of your property’s value. For example, if your house is valued at £220000 you can borrow £132000.
Recently completed mortgage, equity release and lifetime mortgage cases
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.
Mrs L from Nottingham
I had to pay a valuation fee and a solicitor’s fee, but no lender or broker fees for my lifetime mortgage. As I was divorcing my husband of 30 years the money went to him for his share of the house. I am happy now as I am secure, and I do not need to move from my home.
Ms G from Dover
I divorced my husband who was a violent alcoholic. I really 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 home.
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.
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.
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.
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.
Challenging to mortgage home variants can include properties will be assessed for flood risk, 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, mundic homes and missing planning permission or building regulations approval.
- Natwest Equity Release Brokers UK
- Lloyds Retirement Mortgage Providers
- Nationwide Equity Release Schemes
- Natwest Lifetime Mortgage Comparison
- Overhead lines Equity Release Interest Rates
- HSBC Equity Release From Property
- PRC Lifetime Mortgage On Second Property
- HSBC Retirement Mortgage Broker
- Nationwide Retirement Mortgages over 60 Interest Rates
- Bad Credit Mortgage UK
- Nationwide Lifetime Mortgage Broker
- Timber Frame Mortgage No Payments
- BISF Lifetime Mortgage Calculator
- Under 50 Equity Release Schemes
- Santander Retirement Mortgage
- Santander Lifetime Mortgage Comparison
- Nationwide Retirement Mortgage Broker
- Santander Equity Release Scheme
- Natwest Retirement Mortgage Interest Only
Equity Release LTV Percentages similar to Cheshire Building Society Equity Release
- 50% monthly payment equity release The Exeter Equity Release
- 25% LTV monthly payment life time mortgage Platform Mainstream
- 25% loan to value (LTV) lump sum lifetime mortgages Prestige Finance
- 55% loan to value interest-only lifetime mortgages Together Money
Tough to finance home titles 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, properties without direct access to an adopted highway or which are accessed over an unmade road, properties that are being used for personal commercial use and properties with mobile phone masts which are within influencing distance of the house.
Areas where Cheshire Building Society Equity Release is popular
- Shepton Mallet
- Cleator Moor
- Barnard Castle
Retired small business owners that may be interested in Cheshire Building Society Equity Release
- Construction of railways and underground railways Bishops Castle
- Retail sale of books in specialised stores Malvern
- Manufacture of bearings, gears, gearing and driving elements Barnet
- Wholesale of sugar and chocolate and sugar confectionery Salcombe
- Manufacture of electricity distribution and control apparatus Kington
- Event catering activities Letchworth Garden City
- Canada Life Equity Release Plans
- Just Retirement Equity Release
- Cheshire Building Society Equity Release
- Bridgewater Equity Release
- Just Retirement Equity Release Plans
- Pure Retirement Equity Release
- Saga Equity Release Plans
- Liverpool Victoria LV Equity Release Schemes
- Royal Bank of Scotland Lifetime Mortgage
- Age Partnership Equity Release Schemes
- Canada Life Lifestyle Lite Flexi
- Hodge Lifetime Flexible Voluntary Repayment Plan
- Pure Retirement Lifetime Mortgage
- Stonehaven Interest Only Lifetime Mortgage
- HSBC Lifetime Mortgage
- Lloyds Bank Equity Release Schemes
- Royal Bank of Scotland Equity Release Schemes
- More 2 Life Capital Choice Plus Plan
The mortgage lender will want to know if the property is a Detached freehold house or a Leasehold house and if the resident is an AST Tenant.
Downsides of Cheshire Building Society Equity Release
Lumpsum lifetime mortgages can reduce the value of your estate. Monthly payment Cheshire Building Society Equity Release may impact the ability to get state benefits. You may need to pay an advisor’s fee and some products expose you to changes in interest rates.
It is very regular to discover people seeking out monthly payment equity release, monthly payment lifetime mortgage or home reversion schemes, however, Key Retirement like The Exeter Equity Release are keen to see evidence of your personal situation in the form of pension statements.
Hard to finance home types can include properties with post 1945 asbestos or similar composition roof tiles, properties with pre 1945 asbestos or similar composition roof tiles, privately developed flats, maximum four storeys with a lift, privately developed flats in blocks of two storeys without a lift and basement or lower ground floor flats without level access to private or communal garden space.
Hard to mortgage home types include homes requiring essential repairs, properties where letting arrangement where the tenancy agreement is not appropriate, feuhold/freehold properties (including flats) in Scotland, commonhold properties and properties with single skin brickwork.
Common loan to value percentages of Virgin Money interest only mortgages for over 60s, Shepherds Friendly mortgages for over 70s, Sainsbury’s retirement interest only mortgages over 60, Skipton Building Society retirement mortgages over 65, Newcastle Building Society mortgages for over 70s and Cumberland Building Society equity release schemes for people over 70 are 35%, 60% and 70%.
Popular loan to value ratios of Liverpool Victoria mortgages for over 60s, More to Life mortgages for 60 plus pensioners, OneFamily help to buy for over 60s, YBS mortgages over 70s, Principality Building Society later life interest only mortgages over 75 and Axa equity release schemes for people over 70 are 50%, 55% and 70%.
How much is it common to release from a home
The more aged you are and the sicker you are the more cash you can release.
Common LTV percentages of Lloyds over 60 lifetime mortgages no fees, Barclays interest only lifetime mortgages for over 70s, NatWest mortgages for over 70s, L&G interest only mortgages for over 60s, Royal Bank of Scotland mortgages for 60 plus pensioners and Nationwide later life borrowing schemes over 55 are 35%, 60% and 65%.
UK Lenders similar to Cheshire Building Society Equity Release
- Key Retirement
- Step Change
- the Telegraph
Popular pensioner mortgage products include Lloyds Bank interest only mortgages for over 60s near London, Barclays pensioner mortgages, NatWest mortgages for 60 year olds, Legal & General retirement mortgages and Nationwide pensioner mortgages.