- Remove tax-free money from your home
- No monthly repayments
- Use the cash to pay off loans and credit cards
- Continue to live in your own home
- Can be used to manage inheritance tax bills
Crown Equity Release Customer Reviews
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 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.
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 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 Daly from Glasgow
My daughter lives in the states and does not have health insurance. My £30,000 lifetime mortgage paid the medical bills for her son to be born and a years rent in advance for a new flat for the baby.
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.
Mrs V from Hastings
I had spent my life running up credit cards and loans then getting interest-only mortgages to pay off the debt. I got to retirement age and still owed the bank £160,000. The term was about to expire, and I could not afford the payments on my pension anyway. I got £180,000 equity release and now I am more comfortable with no monthly repayments and I spent £20,000 on a new bathroom and kitchen. I now know I can stay in my home.
Sandra from Manchester
I got equity release to give money to my daughter to buy a house. Without the money I borrowed, her buying a home would have been impossible.
Mrs E from London
I was advised to get equity release from my East London home to minimise inheritance tax. My son and daughter used the money to pay down their mortgages. The interest rate on the equity release was so low it was close to their mortgage rate.
Mr Williamson from Chiswick
My son is a chef in a care home. He is not well paid. No way his bank would lend him the money to buy a flat. My equity release enabled him to put a substantial deposit down so his mortgage was very small. My equity release interest rate was close to his interest rate offered by his bank.
More2Life Lifetime Mortgages
- Hodge Indexed Lifetime Mortgage
- Pure Retirement Classic Drawdown Lite Plan
- Lloyds Bank Equity Release Schemes
- Saga Equity Release Plans
- HSBC Lifetime Mortgage
- Lloyds Bank Equity Release Plans
- TSB Equity Release Plans
- NatWest Interest Only Lifetime Mortgage
- Saga Equity Release Plans
- Canada Life Second Home Voluntary Select Plan
- Hodge Equity Release Plans
- Saga Lifetime Mortgage
- More 2 Life Capital Choice Plan
The 1st and 2nd charge lender will want to know if the property is a Semi detached freehold house or a Leasehold flat with share of freehold and if the resident is a Private Tenant.
Towns where Lifetime Mortgages are common
- Hebden Royd
- Much Wenlock
- South Kirkby and Moorthorpe
- Lloyds Lifetime Mortgage Calculator
- Halifax Equity Release Advice
- Lloyds Bank
- HSBC Equity Release
- Natwest Equity Release On Second Homes
- Lloyds Bank Retirement Mortgages Interest Only
- Halifax Lifetime Mortgage Buy To Let
- HSBC Retirement Mortgage Loan
- Santander Lifetime Mortgage Rates 2021
- Santander Equity Release Drawdown
- Nationwide Retirement Mortgage Reviews
- Halifax Retirement Mortgage Interest Rate
- Nationwide Lifetime Mortgage Rates 2021
- Lloyds Bank Equity Release From House
- Santander Retirement Mortgage Rates 2021
- Natwest Lifetime Mortgage
- HSBC Lifetime Mortgage Rates 2021
UK Lenders for Equity Release
- Lifetime Mortgage from L&G
- Sunlife Plans
Examples of retired business owners likely to have equity to release
- Manufacture of macaroni, noodles, couscous and similar farinaceous products Moreton-in-Marsh
- Binding and related services Aldeburgh
- Freshwater fishing Middlesbrough
- Transmission of electricity Littlehampton
- Extraction of crude petroleum Much Wenlock
- Manufacture of imitation jewellery and related articles Scarborough
- Growing of other tree and bush fruits and nuts Ollerton and Boughton
- Manufacture of professional and arcade games and toys Stockport
- Other transportation support activities Newmarket
- Advertising agencies Orford
- Butter and cheese production Skegness
- manufacture of household textiles Pudsey
- Processing of nuclear fuel St Neots
- Manufacture of trailers and semi-trailers Whitnash
- Holiday centres and villages Tynemouth
- Manufacture of other articles of concrete, plaster and cement Tadley
- Other specialist photography Paddock Wood
- Agents involved in the sale of textiles, clothing, fur, footwear and leather goods Aylesbury
Downsides of Lifetime Mortgages
Lifetime mortgage with flexible drawdown cash release can reduce the inheritance for your family. Home reversion schemes may impact entitlements to benefits. You may need to pay a broker’s fee and you could have higher rates to pay with some schemes.
How much is it common to release from a home
- 60% monthly payment lifetime mortgage Fortify Insurance Solutions
- 55% loan to value (LTV) home reversion schemes Bower
- 25% loan to value lumpsum lifetime mortgages Foundation Home Loans
- 25% LTV monthly payment lifetime mortgage Prestige Finance
Equity Release Loan To Value
The older you are and the unhealthier you are the more tax-free money you can release.
It is usual to discover people seeking out interest-only lifetime mortgages, lumpsum lifetime mortgages or home reversion schemes, however, Aviva like AIG Life are keen to see evidence of your situation in the form of bank statements.