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Discover the benefits of Darlington Equity Release for homeowners

  • Darlington Equity ReleaseRemove money from your home
  • No monthly repayments
  • Help your family get a deposit for their own home
  • Continue to stay in your house for as long as you like

How much cash can I get?

You can achieve 65% of your home’s valuation. As an example, if your home is worth £180000 you can get £117000.

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  • Please enter a number from 30000 to 100000000.
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  • About You

Customer Testimonials

RIO

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.

RIO

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.

RIO

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.

RIO

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.

RIO

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.

RIO

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.

RIO

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.

RIO

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

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.

mr-g

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.

RIO

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.

RIO

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.

david-p-london

David P

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.

  • Free No Obligation Quote

  • Please enter a number from 4000 to 20000000.
  • Leave blank if no mortgage outstanding
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Money tied up in home
Cash tied up in home

Santander Retirement Mortgage

Santander Retirement Mortgage Home

Its very regular to discover people seeking out lifetime mortgage with flexible drawdown cash release, monthly payment lifetime mortgage or lifetime mortgage with flexible drawdown cash release, however, Key Retirement like Maximum cover Equity Release are keen to see paperwork to show your personal circumstances in the form of investment statements.

Tough to finance property variants include high service charges, leasehold properties with a short lease, typically less than 70 years, or a defective lease, properties of non-standard construction, cob property and missing planning permission or building regulations approval.

Premier Flexible Black

Challenging to finance home variants include properties with outbuildings used for normal domestic purposes (garage, workshop, stables, barn etc), properties with room(s) or outbuilding(s) used for a small amount of personal commercial use, agricultural use of the land and any outbuildings, properties with flying or creeping freeholds which comprise over 15% of the total floor area and properties with mobile phone masts which are within influencing distance of the house.

More to life  - Capital Choice Plus Plan

Hard to finance home variants can include pre-fabricated reinforced concrete (PRC), properties with pre 1945 asbestos or similar composition roof tiles, large concrete panel systems, freehold/feuhold flats (Scotland only) and properties where the flat is accessed via a deck or balcony.

Aviva lifetime mortgage with cashback

Do Darlington Building Society have favourable reviews for equity release?

Yes, Darlington Building Society reviews are superb for equity release.

Hard to finance home types include properties in poor condition, age restricted properties, freehold houses and bungalows (England, Wales, Northern Ireland), commonhold properties and properties with owned solar panels.

More to life  - Flexi Choice Lite

What percentage can be released?

  • 55% lump sum lifetime mortgages AIG Life
  • 30% loan to value (LTV) lumpsum lifetime mortgages Optimum
  • 40% loan to value (LTV) monthly payment life time mortgage Bridgewater
  • 55% loan to value (LTV) monthly payment equity release Precise
  • 30% loan to value lifetime mortgage with flexible drawdown cash release Co-operative Bank

Equity Release Under 55

Common loan to value percentages of Standard Chartered mortgages over 65, Zurich retirement mortgages over 70, Churchill interest only lifetime mortgages for over 70s, Principality Building Society pensioner mortgages over 55, Nottingham Building Society later life interest only mortgages over 75 and Cumberland Building Society later life interest only mortgages over 70 are 40%, 60% and 65%.

What are the current Darlington Building Society interest rates for equity release?

Darlington Building Society rates for equity release are 2.19% APR.

Towns of the UK where Lifetime Mortgages are routine

  • Coggeshall
  • Portishead and North Weston
  • Wotton-under-Edge
  • Nantwich
  • Twickenham
  • Rushden
  • Redenhall with Harleston
  • Wellingborough
  • Whitehaven
  • Blandford Forum
  • Verwood
  • South Shields
  • Kidsgrove
  • East Cowes
  • Fordingbridge
  • Wolsingham
  • Ferndown
  • Bovey Tracey
  • Market Weighton
  • Wells-next-the-Sea
  • Darley Dale
  • Loddon

 

Do Darlington Building Society do Equity Release?

Yes, Darlington Building Society Equity Release is 2.11% APRC.

Retired business owners that may be interested in lifetime mortgages

  • Urban and suburban passenger railway transportation by underground, metro and similar systems Quedgeley
  • Retail sale of hardware, paints and glass in specialised stores Rowley Regis
  • Repair of personal and household goods n e c Spalding
  • Wholesale of flowers and plants Harworth and Bircotes
  • Casting of light metals Malton

 

Do Darlington Building Society do Pensioner Mortgages?

Yes, Darlington Building Society Pensioner Mortgages are 2.18% APR.

UK Equity Release Lenders

  • Lifetime Mortgage from L&G
  • Liverpool Victoria
  • the Telegraph

 

Does Darlington Building Society offer Retirement Mortgages?

Yes, Darlington Building Society Retirement Mortgages are 1.82% APR.

Disadvantages of Lifetime Mortgages

Monthly payment equity release can reduce your estate value. Lumpsum lifetime mortgages may impact ability to claim entitlements. You may need to pay a valuation fee and some products expose you to changes in interest rates.

Equity Release LTV

The older you are and the sicker you are the more tax free cash you can release.

Aviva

Some of the most common loan to value ratios of LV= interest only mortgages for people over 60, More to life later life interest only mortgages over 60, OneFamily interest only mortgages for over 70s, Yorkshire Bank over 60 lifetime mortgages, Royal London mortgages for 60 plus pensioners and Axa pensioner mortgages over 55 are 35%, 55% and 65%.

One Family

Just

Common LTV ratios of Lloyds mortgages for over 70s, Barclays Bank interest only lifetime mortgages for people over 60, Post Office mortgages for over 50 year olds, Legal & General interest only mortgages for people over 60, Bank of Scotland later life borrowing schemes over 55 and Nationwide Building Society mortgages for people 60 plus are 45%, 60% and 65%.

More to life Equity Release

 

  • Aviva Equity Release Schemes
  • Bridgewater Lifetime Mortgage
  • Just retirement equity release key features
  • Liverpool Victoria LV Equity Release
  • More to life Tailored Choice Plan
  • Stonehaven Interest Only Lifetime Mortgage
  • More to Life Flexi Choice Voluntary Payment Super Lite
  • Royal Bank of Scotland Equity Release Plans
  • Saga Equity Release Plans
  • Age Partnership Interest Only Lifetime Mortgage
  • Bridgewater Equity Release Schemes
  • Just Retirement Equity Release
  • L&G Legal & General Flexible Max Plus
  • Liverpool Victoria LV Equity Release Schemes
  • More 2 Life Flexi Choice Voluntary Payment Super Lite
  • Royal Bank of Scotland Equity Release Schemes
  • More to life Flexi Choice Voluntary Payment Super Lite
  • More to life Capital Choice Plus Plan
  • Royal Bank of Scotland Interest Only Lifetime Mortgage
  • Saga home reversion schemes

The 1st and 2nd charge lenders will want to know if the property is a Freehold house or a Leasehold flat with a share of freehold and if the resident is a Private Tenant.

Popular retirement finance offerings are Lloyds Bank retirement interest only mortgages, Barclays later life interest only mortgages over 60, NatWest interest only mortgages for people over 60, Legal & General retirement interest only mortgages and Nationwide Building Society retirement interest only mortgages.

Does Darlington Building Society offer Lifetime Mortgages?

Yes, Darlington Building Society does lifetime mortgages at 1.89% APRC. Darlington Building Society Lifetime Mortgages have an LTV of 75%.