- Release-tax free equity from your house
- No need to make monthly payments
- Help your family to buy house
- Stay living in your own house for as long as you like
- Can be a vehicle to reduce tax bills
Equity Release LTV Percentages
- 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
Areas where retirement mortgages are popular
- Syston
- Shepton Mallet
- Chorleywood
- Blackburn
- Haxby
- Stanhope
- Lydney
- Cleator Moor
- Corringham
- Staveley
- Diss
- Stowmarket
- Dereham
- Barnard Castle
- Farnham
Retired small business owners that may be interested in Home Reversion Schemes
- 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
- Activities auxiliary to financial intermediation n e c Worthing
- Manufacture of motorcycles Weston-super-Mare
- Wholesale of textiles West Ham
- Residential care activities for learning difficulties, mental health and substance abuse Ongar
- Growing of grapes Coleshill
- Manufacture of bricks, tiles and construction products, in baked clay Macclesfield
- Deep coal mines Chingford
- Activities of racehorse owners Sandy
- manufacture of household textiles Windermere
- Lead, zinc and tin production Saltash
- Manufacture of electric motors, generators and transformers Luton
- Retail sale of fish, crustaceans and molluscs in specialised stores Horsham
- Canada Life Equity Release Plans
- Just Retirement Equity Release
- HSBC 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 Lifetime Mortgages
Lumpsum lifetime mortgages can reduce the value of your estate. Monthly payment life time mortgage may impact 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 life time 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.
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.
UK Lenders for Equity Release
- Key Retirement
- Step Change
- the Telegraph
Aviva Retirement Mortgages
Pure Retirement Mortgages
Just
