- Remove tax-free equity from your property
- Not necessary to make regular monthly payments
- Help your family with the money you release
- Continue to stay in your home for as long as you like
Recently completed mortgage, equity release and lifetime mortgage cases
Sandra from Manchester
I got an 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.
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.
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 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 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 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.
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.
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.
Equity Release Calculator Under 55
- Aviva Lifetime Mortgages for Pensioners
- TSB Equity Release
- More to Life Capital Choice Plus Plan
- Royal Bank of Scotland Lifetime Mortgage
- Hodge Lifetime Flexible Drawdown Plan
- Liverpool Victoria LV= Flexible Lifetime Mortgage
- More to Life Flexi Choice Drawdown Lite Plan
- Stonehaven Interest-Only Lifetime Mortgage
- Lloyds Bank Equity Release Schemes
- Royal Bank of Scotland Lifetime Mortgage
- Liverpool Victoria LV Equity Release
- HSBC Lifetime Mortgage
- NatWest Equity Release Schemes
- Just Retirement Equity Release Schemes
- L&G Legal & General Flexible Max Plus
- HSBC Equity Release Schemes
- Royal Bank of Scotland Lifetime Mortgage
- More 2 Life Tailored Choice Plan
The 1st- and 2nd-charge lenders will want to know whether the property is a semi-detached freehold house or a Leasehold flat with a share of freehold, and whether the resident is an owner-occupier.
What percentage can be released?
The more elderly you are and the more serious your illnesses, the more money you can release.
Areas where Lifetime Mortgages are popular
- Corringham
- Ashington
- Heathfield
- Somerton
- Boroughbridge
- Woburn
- West Bromwich
- Northfleet
- Hatherleigh
- Carterton
- Loddon
- Lynton & Lynmouth
- Callington
- Helmsley
- Wath-upon-Dearne
- Southborough
- Ludlow
- Folkestone
Downsides of Home Reversion Schemes
A monthly payment lifetime mortgage can reduce the value of your estate. Home reversion plans may impact the ability to claim entitlements. You may need to pay a legal fee, and some products expose you to changes in interest rates.
How much is it common to release from a home
- 60% monthly payment lifetime mortgage Maximum cover Equity Release
- 40% loan to value lifetime mortgage with flexible drawdown cash release Stonehaven
- 25% loan to value monthly payment equity release Stafford Railway Building Society
- 45% loan to value interest-only lifetime mortgages West One
- 25% LTV monthly payment lifetime mortgage Bank of China UK
Providers for Equity Release
- More2Life
- Stonehaven Mortgage
- Aviva
It’s very common to encounter people looking for monthly payment equity release, lump-sum lifetime mortgages, or home reversion schemes; however, Just Retirement, like LV Liverpool Victoria, is keen to see paperwork showing your circumstances, such as investment statements.
- Ecology Building Society Over 50 Mortgage
- Hsbc Lifetime Mortgage Interest Only Uk
- Interest Rates On Equity Release
- Coventry Building Society Lifetime Mortgage
- Gloucester Building Society Over 75 Mortgage
- Liverpool Victoria Lifetime Mortgage Interest Rates
- Harpenden Building Society Over 70 Mortgage
- Self Cert Mortgages Europe
- Crown Equity Release Providers
- Tsb Bank Equity Release Review
- Nationwide Equity Release From House
- Prc Homes
- Equity Release Belfast Age
- Natwest Lifetime Mortgage Calculator
- London Equity Release Providers
- Santander Equity Release Retirement
- Flat Roof House Insurance
- Natwest Retirement Mortgage Interest Rate
- Bath Building Society Equity Release Uk
- Santander Pensioner Mortgage House
- Lloyds Lifetime Interest Only Mortgage Uk
- Hsbc Retirement Mortgage Uk
- Mortgages For Over 75S
- Santander Lifetime Mortgage Interest Only Rates
- Bisf Property
- Santander Retirement Mortgage Age
- Barnsley Building Society Equity Release House
- Mansfield Building Society Over 50 Mortgage
- Darlington Building Society Interest Rates
- Mortgage For Pensioners
- Lloyds Retirement Mortgage Providers
- Bank Of Scotland Equity Release Reviews
- Just Retirement Over 75 Mortgage
- Marsden Building Society Pensioner Mortgage
- Rbs Retirement Mortgage No Credit Check
- Penrith Building Society Pensioner Mortgage
- Loughborough Building Society Equity Release Home
- Lifetime Mortgage Property With Land
- Mortgage For Over 55
- Equity Release Schemes
- National Counties Family Building Society Retirement Mortgage
- Lloyds Equity Release Schemes
- High Rise Flat Over 75 Mortgage
- Tipton & Coseley
- Halifax Pensioner Mortgage Providers
- How To Pay Off Your Mortgage
- Nationwide Mortgages For Over 70S
- Mortgages For Over 70’S
- Equity Release With Bad Credit
- Swansea Building Society No Fees
- Lloyds Lifetime Mortgage Comparison
Pure Retirement Drawdown Lifetime Mortgages
Equity release is common among small business owners, as shown below
- Wholesale of perfume and cosmetics Hartland
- Manufacture of bricks, tiles and construction products, in baked clay Coleford
- Renting and leasing of construction and civil engineering machinery and equipment Cheltenham
- Support activities to performing arts Mansfield
- Sawmilling and planing of wood Wath-upon-Dearne
- Building societies Barrow-in-Furness
- Unlicensed carrier Crawley
- Retail sale of watches and jewellery in specialised stores Workington
- Publishing of computer games Windermere
- Manufacture of irradiation, electromedical and electrotherapeutic equipment Winsford
- Manufacture of dyes and pigments Saltash
- Other reservation service activities n e c Romsey
- Artistic creation Bovey Tracey
- Other building completion and finishing St Neots
- Manufacture of prepared pet foods Redruth
- Retail sale by opticians Waltham Cross
- Manufacture of machinery for textile, apparel and leather production Redenhall with Harleston
- Raising of other animals Nailsea
Some lenders are willing to lend against property titles with a short lease.
Page information
- Information available at
- https://www.concisefinance.co.uk/flats-with-short-leases
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