Release tax-free cash from your house- Not necessary to make monthly payments
- Use the equity released for anything you like
- Are you still paying a mortgage? No problems
- Stay living in your own home for as long as you like
- Can be used to optimise tax planning
Testimonials and Example Cases
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.
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 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.
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 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.
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.
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.
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 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.
Downsides of Equity Release Plans
Monthly payment equity release can reduce the inheritance for your family. Monthly payment equity release may impact entitlements to state benefits. You may need to pay an advisor’s fee and you could be exposed to changes in interest rates with some products.
- Canada Life Lifetime Mortgage
- Hodge Equity Release Schemes
- Just retirement equity release key features
- More2Life Capital Choice Plan
- Lloyds Bank Equity Release
- Aviva Equity Release Plans
- Hodge Lifetime Flexible Voluntary Repayment Plan
- More to Life Capital Choice Plus Plan
- Pure Retirement Equity Release Schemes
- Nationwide Equity Release
- TSB Equity Release Plans
- Age Partnership Interest Only Lifetime Mortgage
- Bridgewater Equity Release Schemes
- Hodge Indexed Lifetime Mortgage
- Pure Retirement Equity Release Schemes
- Nationwide Interest Only Lifetime Mortgage
- NatWest Equity Release
- Saga Equity Release Plans
- Hodge Lifetime Mortgage Plus
- Just Retirement Equity Release
- Lloyds Bank Equity Release Plans
- Royal Bank of Scotland Equity Release Schemes
- Age Partnership Equity Release Plans
Equity Release Loan To Value
- 55% monthly payment life time mortgage AIG Life
- 30% loan to value monthly payment equity release Evolution Money
- 35% loan to value interest-only lifetime mortgages Pure Retirement
- 40% loan to value lump sum lifetime mortgages Foundation Home Loans
- 25% loan to value (LTV) lifetime mortgage with flexible drawdown cash release Holmesdale Building Society
How much is it common to release from a home
The more elderly you are and the the more illnesses you have you are the more cash you can release.
It is often found to find people seeking out interest-only lifetime mortgages, monthly payment life time mortgage or monthly payment equity release, however, Legal and General like Fortify Insurance Solutions are keen to see evidence of your circumstances in the form of pension statements.
Legal and General Lifetime Mortgages
Areas where equity release is popular
- Eastwood
- Littlehampton
- Brandon
- Droitwich Spa
- Crowborough
- Swanscombe and Greenhithe
- Epping
- Woking
- Norton-on-Derwent
- Wirksworth
- Kendal
- Church Stretton
- Fleet
- Brackley
- St Ives
- Upton-upon-Severn
- Desborough
- Poynton-with-Worth
- Cramlington
- Lloyds Retirement Mortgage Broker
- HSBC Retirement Mortgage Interest Rate
- Nationwide Retirement Mortgage Uk
- Halifax Equity Release Best Deals
- HSBC Equity Release Plans
- Lloyds Bank Retirement Mortgages Broker
- Nationwide Equity Release Interest Rates
- Santander Equity Release Mortgage
- Nationwide Lifetime Mortgage Rates 2021
- Natwest Equity Release On Second Homes
- Lloyds Bank Lifetime Mortgage
- Lloyds Bank Equity Release Plans
- Halifax Retirement Mortgage Advice
- HSBC Lifetime Mortgage Over 55
- Santander Retirement Mortgage House
- Natwest Retirement Mortgage
- Lloyds Equity Release From House
- Santander Lifetime Mortgage Interest Only Rates
- Natwest Lifetime Mortgage
- Halifax
Equity Release Scheme Lenders
- Key Retirement
- LV lifetime mortgage
- Age Concern
- Stonehaven
- VitalityLife Equity Release
Equity Release calculator Spain
Lifetime Mortgages calculator Spain
Self Cert Mortgage for Spainish Properties 2021
European Non Status mortgage lenders
Successful business owners who could benefit from equity release tax planning
- Non-life insurance Christchurch
- Manufacture of plastic packing goods Minchinhampton
- Retail sale of telecommunications equipment other than mobile telephones Ulverston
- Wholesale of mining, construction and civil engineering machinery Rothwell
- Manufacture of basic pharmaceutical products Glossop
- Pre-press and pre-media services Kempston
- Retail sale of sports goods, fishing gear, camping goods, boats and bicycles Oakham
- Casting of light metals Mitcham
- Production of abrasive products Irthlingborough
- Cold drawing of bars Hedge End
- Manufacture of wine from grape Ashington
- Manufacture of other paper and paperboard containers Shanklin
- Transmission of electricity Seaford
- Post-harvest crop activities Wendover
- Television programme distribution activities Maltby
- Cutting, shaping and finishing of stone Carnforth
- Manufacture of cider and other fruit wines Bexley
- Renting and leasing of other personal and household goods Saxmundham
The lender will want to know if the property is a Detached freehold house or a Leasehold flat with share of freehold and if the resident is an Owner Occupier Primary Residence.
