Release-tax free equity from your house with Ecology Building Society Equity Release
No need to make monthly payments
Use the money to buy another property
Continue to live in your own property

How much can I release?

You can release 70% of your home’s valuation. As an example, if your house is worth £180000 you can get £126000.

Your Requirements
How Much Would You Like Borrow/Release?*
Please enter a number from 4000 to 200000000.
Value of your property*
Please enter a number from 50000 to 10000000.
Total amount of mortgage/loans you have on your property

About You
Name*
First Last
First Line Of Your Address:*
Your Postcode:*
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Date of Birth*
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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.

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.

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.

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.

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.

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.

Your Requirements
How Much Money Would You To Like Raise?*
Please enter a number from 4000 to 20000000.
Estimated Value Of Your Property?*
Total amount of mortgage/loans you have on your property
About You
Name*
First Last
Phone*
Date of Birth*
Your Email Address:*
First Line Of Your Address:*
Your Postcode:*
Please Agree To Our T&C and Privacy*
- I Agree
By clicking Submit and ticking the box above you agree to be contacted by an FCA authorised advisor that you have read and agreed to our Terms & Conditions and our Privacy Policy.

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https://www.ecology.co.uk/

Equity Release Loan To Value

The more aged you are and the sicker you are the more tax-free money you can release.

It’s common to find people searching for lifetime mortgage with flexible drawdown cash release, monthly payment lifetime mortgage or monthly payment equity release, however, Just Retirement like VitalityLife Equity Release are keen to see evidence of your personal situation in the form of bank statements.

Tough to mortgage property titles include high service charges, properties with any kind of structural defect, damp, dry or wet rot, properties with structural problems, timber buildings and properties that has never been registered with the land registry.

Areas where retirement mortgages are popular and

Ecology mortgage

Taunton
Selby
Uckfield
Chorleywood
Pontefract
Cotgrave
Soham
Newbiggin-by-the-Sea
Ambleside
Birchwood
Bournemouth
Penryn
Fakenham
Watton
Lymington
Hatfield

Equity Release Scheme Lenders –

Ecology mortgage
Ecology Building Society Equity Release

Aviva
Crown
Lifetime Mortgage from L&G
The Exeter Equity Release

Tough to mortgage home variants include properties built or converted into dwellings within the last 10 years, properties with flying or creeping freehold which comprises 15% or less of the total floor area, use of the land and any outbuildings for a small amount of personal commercial use., properties that have solar farms or a large number of wind turbines on the land and properties adversely affected by existing or proposed issues including roads, rail, airports, power plants, power lines/pylons, wind turbines, sub stations, sewage works, quarries, fuel stations, refuse sites, sports grounds, noise, light or environmental pollution.

Equity Release percentages of your current property value

55% home reversion schemes The Exeter Equity Release
60% loan to value home reversion plans Bower
25% loan to value (LTV) monthly payment lifetime mortgage Ecology Building Society Equity Release
30% loan to value home reversion schemes Principality

Equity release is common among business owners like below

Manufacture of non-electronic measuring, testing etc equipment, not for industrial process control Halesworth
Manufacture of electronic components Silsden
Gathering of wild growing non-wood products Yateley
Glazing Carshalton
Support activities to performing arts Ashby Woulds
manufacture of household textiles Longridge
Leasing of intellectual property and similar products, except copyright, works Great Torrington
Manufacture of other knitted and crocheted apparel Woburn
Operation of historical sites and buildings and similar visitor attractions Lymington
Manufacture of prepared feeds for farm animals Batley
Manufacture of ceramic tiles and flags Edgware
Printing of newspapers Bishops Castle
Operation of warehousing and storage facilities for land transport activities Langport
Reproduction of video recording Barnstaple
Activities of insurance agents and brokers Halewood
Operation of sports facilities Hedge End
Copper production Billericay
Roofing activities Alfreton

The mortgage 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 Assured shorthold tenancy tenant.

Aviva Equity Release
Bridgewater Equity Release Schemes
Hodge Lifetime Mortgage Flexible Drawdown Plan
Just Retirement Equity Release Plans
Ecology Building Society Equity Release
More to Life Capital Choice Plan
Saga Lifetime Mortgage
More to Life Capital Choice Plus Plan
Lloyds Bank Equity Release Schemes
NatWest Equity Release
Royal Bank of Scotland Equity Release Schemes
Saga Equity Release Plans
Bridgewater Equity Release
More 2 Life Capital Choice Plan
Saga Equity Release Schemes
Canada Life Equity Release Plans
Hodge Equity Release Plans
Nationwide Interest Only Lifetime Mortgage
Saga home reversion plan
More 2 Life Capital Choice Plus Plan

Hard to mortgage property variants can include pre-fabricated reinforced concrete (PRC), properties with spray foam insulation applied to the underside of the roof, privately developed flats, maximum four storeys with a lift, studio flats outside the M25 and privately developed flats in blocks of three or four storeys without a lift.

Difficult to mortgage home variants include properties in poor condition, properties where the ownership is set up on a tenancy in common basis, leasehold properties (England, Wales, Northern Ireland) subject to a lease length of 160 years, commonhold properties and properties where the borrower(s) own the freehold with any connected party.

Some of the most popular loan to value ratios of Aviva retirement mortgages over 60, Direct Line help to buy for over 60s, Sainsburys pensioner mortgages over 55, Skipton Building Society mortgages for people 60 plus, Newcastle Building Society mortgages for over 70s and National Counties Building Society lifetime mortgages for over 55s are 45%, 60% and 70%.

Some of the most common loan to value ratios of LV= lifetime mortgages for people over 55, More to Life pensioner mortgages over 55, One Family help to buy for over 60s, Yorkshire Building Society mortgages for 60 plus pensioners, Principality Building Society mortgages for people 60 plus and Sun Life equity release schemes for people over 70 are 35%, 60% and 65%.

Popular loan to values of TSB later life mortgages for over 70s, HSBC interest only mortgages for over 70s, NatWest equity release schemes for people over 70, Legal and General interest only mortgages for people over 70, Royal Bank of Scotland over 60 lifetime mortgages no fees and Nationwide interest only mortgages for over 65 year olds are 45%, 60% and 65%.

Aviva

Legal and General Equity Release

One Family Drawdown Lifetime Mortgages

Some of the most common retirement finance offerings include TSB interest only mortgages for over 65 year olds, Barclays interest only mortgages for over 65 year olds, NatWest interest only lifetime mortgages, L&G lifetime mortgages and Nationwide BS mortgages for over 65.

Pure Retirement

Downsides of Lifetime Mortgages and Ecology Building Society Equity Release

Ecology Building Society Equity Release can reduce the inheritance for your family. Monthly payment equity release may impact the ability to get state benefits. You may need to pay a legal fee and some products expose you to changes in interest rates.

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