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Flood risk warning property equity release lender – 2.78% APR

flood-risk-warning

  • Remove tax-free money from your house
  • Coastal erosion risk area properties considered
  • Flood risk properties flooded in the last 10 years
  • No monthly repayments
  • Buy a family member a home without a mortgage
  • Stay living in your own property for as long as you like

Loan to value for equity release?

You can release 60% of your property’s valuation. For example, if your home is valued at £280000 you can release £168000.

  • Free No Obligation Quote

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  • Please enter a number from 50000 to 10000000.
  • Leave blank if no mortgage outstanding
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Concise Finance Customer Reviews

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

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

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 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.

RIO

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.

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

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-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.

julia-a

Julia A

My mother has dementia. With my solicitor and my power of attorney, I got equity release on my mother’s house to pay for specialist modifications for her comfort.

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Home equity Tied Up
London House Finance
Over 55 Home owner
Raise money with your home
OneFamily joint lifetime mortgage

LV= Lump Sum+ Lifetime Mortgage

Tough to mortgage home variants can include properties with a sinking fund of 7% or more of the property sale price when the property is sold, ground rent where the lease or any deed varying the lease provides for a ground rent exceeding, or where the escalating provisions would result in the ground rent exceeding £250 per annum (or £1000 per annum where the property is in Greater London), properties with structural problems, corrugated iron construction and Reema Hollow panel, Schindler and Hawksley SGS, Stent, Stonecrete, Stour, Tarran, Underdown, Unity and Butterley, Waller, Wates, Wessex, Winget and Woolaway.

Pure Retirement - Classic Super Lite

Tough to mortgage home variants include grade ll Listed houses (grade C in Scotland and B2 in Northern Ireland), properties with a single annexe or other self-contained part of the property, properties with a small number of solar panels or a wind turbine on the land for domestic use, properties that are being used for personal commercial use and properties which have been built on a previously contaminated land are acceptable provided the result of an environmental search determines the land to be clear of contamination.

Pure Retirement Ltd lifetime mortgage

55+ Mortgage

Hard to mortgage property types can include Timber-framed properties constructed post-1965, properties with any externally applied insulation to the walls after construction, studio flats located within the M25, freehold/feuhold flats (Scotland only) and freehold flats (England, Wales, Northern Ireland).

 

UK Lenders for Equity Release

  • the Telegraph
  • Norwich Union
  • More to life

Canada Life

 

Do The Melton Building Society have excellent reviews for equity release?

Yes, The Melton Building Society reviews are commendable for equity release.

 

What are the current The Melton Building Society rates for equity release?

The Melton Building Society rates for equity release are 2.3% APRC.

Difficult to mortgage property variants include properties in the course of construction or pre-construction, entirely tenanted properties, feuhold/freehold properties (including flats) in Scotland, properties which are made up of multiple titles and properties with single skin brickwork.

Equity Release LTV Percentages

  • 60% lifetime mortgage with flexible drawdown cash release Old Mutual Wealth
  • 60% loan to value monthly payment life time mortgage Bower
  • 50% loan to value lifetime mortgage with flexible drawdown cash release Norton Finance
  • 25% loan to value (LTV) lump sum lifetime mortgages Halifax
  • 25% LTV interest-only lifetime mortgages Central Trust

 

Some of the most popular LTV percentages of Standard Chartered interest only mortgages for over 65 year olds, Shepherds Friendly mortgages for 60 year olds, Sainsburys mortgages for over 60s, Principality Building Society lifetime mortgages for over 60s, Newcastle Building Society retirement mortgages over 65 and National Counties Building Society mortgages for over 65 are 50%, 55% and 70%.

Does The Melton Building Society offer Equity Release?

Yes, The Melton Building Society Equity Release is 2.24% APRC.

Disadvantages of Home Reversion Schemes

Monthly payment life time mortgage can reduce the inheritance for your family. Interest-only lifetime mortgages may impact ability to claim benefits. You may need to pay a broker’s fee and some products expose you to changes in interest rates.

  • Hodge Lifetime Flexible Drawdown Plan
  • Pure Retirement Drawdown Plan
  • HSBC Equity Release
  • TSB Equity Release Schemes
  • More to Life Flexi Choice Drawdown Lite Plan
  • Royal Bank of Scotland Equity Release
  • Saga Lifetime Mortgage
  • Bridgewater Equity Release Schemes
  • Lloyds Bank Equity Release
  • TSB Equity Release Schemes
  • Saga home reversion schemes
  • Aviva Equity Release
  • More 2 Life Tailored Choice Plan
  • HSBC Interest Only Lifetime Mortgage
  • TSB Equity Release Plans
  • Age Partnership Lifetime Mortgage
  • Liverpool Victoria LV= Lump Sum Plus Lifetime Mortgage
  • Stonehaven Equity Release
  • HSBC Equity Release
  • NatWest Equity Release
  • Saga Lifetime Mortgage

Equity Release Under 55

Some of the most common loan to value percentages of LV= mortgages for over 50 year olds, More to life mortgages over 70s, One Family retirement mortgages over 65, Yorkshire Bank equity release schemes for over 55’s, Metro Bank pensioner mortgages over 70s and Axa interest only mortgages for over 70s are 40%, 55% and 65%.

Do The Melton Building Society do Pensioner Mortgages?

Yes, The Melton Building Society Pensioner Mortgages are 1.95% MER.

Retired business owners that may be interested in Home Reversion Schemes

  • Compulsory social security activities Morecambe
  • Manufacture of breakfast cereals and cereals-based food Peterlee
  • Wholesale of household goods other than musical instruments n e c Royal Tunbridge Wells
  • Other sports activities Prudhoe
  • Mining of chemical and fertilizer minerals Moretonhampstead
  • Manufacture of jewellery and related articles Egremont
  • Manufacture of ceramic household and ornamental articles New Mills
  • Wholesale of sugar and chocolate and sugar confectionery Penzance
  • Risk and damage evaluation Luton
  • Other accommodation Leyburn
  • Development of building projects Banbury
  • Production of electricity Southwold
  • Printing n e c Tidworth
  • Manufacture of other men’s outerwear Uckfield
  • Manufacture of office machinery and equipment except computers and peripheral equipment Tadcaster
  • Wholesale of wine, beer, spirits and other alcoholic beverages Cranbrook
  • Retail sale of watches and jewellery in specialised stores Southsea
  • Wholesale of meat and meat products Haxby

 

Does The Melton Building Society offer Retirement Mortgages?

Yes, The Melton Building Society Retirement Mortgages are 1.89% APRC.

Some of the most common loan to values of TSB interest only mortgages for over 60s, Barclays Bank later life borrowing schemes over 55, Post Office mortgages for pensioners over 60, L&G lifetime mortgages for over 55s, Bank of Scotland later life mortgages for over 70s and Nationwide Building Society mortgages for pensioners over 60 are 35%, 60% and 70%.

Towns of the UK where Lifetime Mortgages are routine

  • Bradley Stoke
  • Horsforth
  • Melton Mowbray
  • Yeovil
  • Bradford-on-Avon
  • Dewsbury
  • Arlesey
  • Harrogate
  • Kesgrave
  • Steyning
  • Sale
  • Belper

Does The Melton Building Society offer Equity Release Under 55?

Yes, The Melton Building Society Equity Release Under 55 is 2.07% APRC.

It’s often found to discover individuals searching for monthly payment lifetime mortgage, monthly payment life time mortgage or monthly payment equity release, however, Legal and General like The Exeter Equity Release are keen to see proof of your personal circumstances in the form of bank statements.

What percentage can be released?

The older you are and the unhealthier you are the more cash you can release.

The 1st and 2nd charge lender will want to know if the property is a Freehold house or a Leasehold flat and if the resident is an AST Tenant.

No flooding history and/or low flood risk
Properties that have flooded morethan 10 years ago and are not situatedin a high flood riskarea.
Properties that have flooded in the last10 years or are situated in a highflood or coastal erosion risk area.

Popular retirement mortgage products are TSB interest only mortgages for people over 60, Barclays lifetime mortgages, Halifax mortgages for people 60 plus, Legal and General interest only mortgages for people over 60 and Nationwide BS pensioner mortgages.

Does The Melton Building Society offer Lifetime Mortgages?

Yes, The Melton Building Society does lifetime mortgages at 1.93% APRC. The Melton Building Society Lifetime Mortgages have a LTV of 75%.