3.98% Equity Release for Flats with short leases

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

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.
Type of Finance*
- Equity Release
- Lifetime Mortgage
- Retirement Interest Only Mortgage
- Retirement Mortgage
- Conventional Payment Mortgage

About You
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First Line Of Your Address:*
Your Postcode:*
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Date of Birth*
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Recently completed mortgage, equity release and lifetime mortgage cases

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.

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.

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 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 an Owner Occupier.

What percentage can be released?

The more elderly you are and the more serious your illnesses you are 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

Monthly payment life time mortgage can reduce the value of your estate. Home reversion plans may impact 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 life time 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 regular to encounter people looking for monthly payment equity release, lump sum life time mortgages or home reversion schemes, however, Just Retirement like LV Liverpool Victoria are keen to see paperwork to show your circumstances in the form of investment statements.

More2Life Mortgages

Pure Retirement Drawdown Lifetime Mortgages

Equity release is common among small business owners like 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.

Your Requirements

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