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Flying freeholds and creeping freeholds equity release plans

  • Release tax-free money from your house
  • No need to make regular monthly payments
  • Use the money to pay off credit cards and loans
  • Stay living in your own house for as long as you like

How much money can I release?

You can get 60% of your property’s valuation. For example, if your house is worth £290000 you can release £174000.

  • Free No Obligation Quote

  • Please enter a number from 10000 to 2000000000.
  • Please enter a number from 50000 to 10000000.
  • Leave blank if no mortgage outstanding
  • About You

Customer Reviews


Mrs M from Birmingham

With no broker fees and no lender 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 a deposit for her next house. She wanted a family, and her flat was too small.


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.


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.


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.

Non-Standard Property Home Index


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.


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.


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 the interest rate offered by his bank.


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.


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.

  • Free No Obligation Quote

  • Please enter a number from 10000 to 2000000000.
  • Please enter a number from 50000 to 10000000.
  • Leave blank if no mortgage outstanding
  • About You

Money tied up in home
Money tied up in house
Homeowner in their 70s

Wealthy business owners who could benefit from equity release tax planning

  • Non-life reinsurance Erith
  • Manufacture of other non-metallic mineral products n e c Lynton & Lynmouth
  • Hospital activities Buxton
  • Manufacture of other furniture Broughton

Tough to mortgage property variants can include properties with legal agreements such as Overage, Clawback, Option, Pre-emption, or any onerous Restrictive Covenant, properties without a kitchen or bathroom, some properties with sitting tenants or regulated tenancies, thatched buildings and concrete panel houses.

Do Tipton & Coseley Building Society have positive reviews for equity release?

Yes, Tipton & Coseley Building Society reviews are tip-top for equity release.

Equity Release LTV Percentages

  • 60% monthly payment lifetime mortgage Zurich
  • 25% LTV lump sum lifetime mortgages Equifinance
  • 45% LTV lumpsum lifetime mortgages United Trust Bank

What are Tipton & Coseley Building Society interest rates for equity release?

Tipton & Coseley Building Society interest rates for equity release are 1.82% MER.

Downsides of Equity Release Schemes

A monthly payment lifetime mortgage can reduce your estate value. A monthly payment lifetime mortgage may impact the ability to claim entitlements. You may need to pay an advisor’s fee and you could have higher rates to pay with some schemes.

Tough to finance home variants include properties with outbuildings used for normal domestic purposes (garage, workshop, stables, barn etc), properties with grounds in excess of five acres, properties with more than one annexe or self-contained part of the property, properties where there is a self-contained part of the property or annexe, i.e. basement flat etc and properties with mobile phone masts which are within influencing distance of the house.

Canada Life Home Finance lifetime mortgage for properties in Scotland

Difficult to finance property variants include pre-fabricated reinforced concrete (PRC), timber framed properties built between 1920 and 1965, studio flats located within the M25, coach houses i.e. freehold properties with garages beneath and privately developed flats in blocks of three or four storeys without a lift.

Pure Retirement - Classic Super Lite Plan
Equity Release Mortgage Under 55

Just Retirement - Roll-Up Lifetime Mortgage

Hard-to-finance property variants include properties in poor condition, age-restricted properties, right to buy – properties in England, Wales and Northern Ireland, leasehold properties (with the exception of flats and maisonettes) and properties with single-skin brickwork.

More to life - Flexi Choice Super Lite

Understanding Equity Release, Lifetime Mortgages, and the Intricacies of Flying Freeholds

What is Equity Release and Lifetime Mortgages?

Equity release is a financial product that allows homeowners, typically aged 55 and over, to unlock some of the wealth tied up in their property without having to move out. One of the most popular forms of equity release in the UK is the lifetime mortgage. With a lifetime mortgage, a homeowner borrows a portion of their home’s value. Interest accumulates on the loan amount, but nothing usually has to be paid back until the homeowner dies or goes into long-term care.

Delving Deeper: The Concept of Flying Freeholds

What is a Flying Freehold?

A flying freehold arises when a part of a freehold property extends over or under another freehold property or land. This can lead to complications because it means a part of one’s property is built on someone else’s land. It’s a term that can sometimes unsettle prospective property buyers, but understanding it can make property purchasing smoother. The concept might sound complex, but some common flying freehold examples include situations like a bedroom in one property extending over a shared passageway or a garage of another.

Key Characteristics of Flying Freeholds

  1. Deed of Covenant Freehold and Flying Freehold Land Registry: The deed of covenant freehold is a legal document that can sometimes be used in the context of flying freeholds to set out rights and responsibilities between parties. Meanwhile, the flying freehold land registry will typically register the extent of the flying freehold, giving a clearer picture of property boundaries.
  2. Flying Leasehold Vs. Flying Freehold: It’s crucial not to confuse flying freeholds with flying leaseholds. While a flying freehold involves a freehold property overlapping another, a flying leasehold involves a leasehold property suspended above ground level with no ground floor or subsoil beneath it.
  3. Creeping Freehold and Floating Freehold: These are less common terms but are somewhat related. A creeping freehold often refers to rights that evolve over time, potentially expanding the extent of a freehold, whereas a floating freehold can sometimes be used to describe a property without any ground beneath it, similar in concept to a flying leasehold.

Navigating the Complications of Flying Freeholds in Equity Release

The Mortgage Implications

Flying freehold mortgage considerations are crucial. Some mortgage lenders might be wary of lending on a property with a significant flying freehold due to potential legal complications. This hesitancy can have implications for those considering equity release, as the amount of equity that can be released might be affected by the nature of the property’s title.

Insurance and Indemnities

For homeowners with a flying freehold, obtaining flying freehold insurance or flying freehold indemnity insurance can be essential. The question of how much is flying freehold indemnity insurance often arises, but the cost can vary based on the property’s value and the perceived risks associated with the flying freehold. Indemnity insurance flying freehold is designed to protect against potential legal complications or loss of value arising from the flying freehold.

Common Queries about Flying Freeholds

Who Owns the Land Under a Flying Freehold?

One of the most common questions is who owns the land under a flying freehold. In most cases, the land beneath the flying freehold remains owned by the original freeholder. However, the owner of the flying freehold usually has rights associated with the use and access of that portion of their property.

Should I Buy a House with a Flying Freehold?

For potential buyers wondering, should I buy a house with flying freehold, the answer depends on individual circumstances. While flying freeholds can introduce some complexities, many issues can be resolved through legal channels, insurance, or deed of mutual covenant UK arrangements, ensuring that all parties understand their rights and responsibilities.

Wrapping Up the Complexities

Understanding the relationship between equity release, lifetime mortgages, and the intricacies of flying freeholds is vital for informed property decision-making in the UK. With adequate knowledge, homeowners and potential buyers can navigate the property market with confidence, ensuring they make decisions that suit their financial and living needs. Whether it’s grasping the flying freehold definition, understanding what a deed of covenant freehold entails, or deciphering the flying freehold meaning, knowledge empowers homeowners in the ever-evolving UK property landscape.

The 1st and 2nd charge lender will want to know if the property is a Freehold terraced house or a Leasehold flat with share of freehold and if the resident is an Owner Occupier.

Do Tipton & Coseley Building Society do Equity Release?

Yes, Tipton & Coseley Building Society Equity Release is 2.14% APRC.

Some of the most common LTV ratios of Virgin Money mortgages for over 50 year olds, Zurich later life mortgages for over 60s, Leeds Building Society lifetime mortgages for over 55s, Principality Building Society interest only lifetime mortgages for over 70s, West Bromwich Building Society interest only lifetime mortgages for people over 60 and Progressive Building Society interest only lifetime mortgages for over 60s are 45%, 55% and 70%.

Equity Release percentages of your current property value

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

Equity Release Providers

  • Key Solutions
  • New Life
  • Legal and General
  • New Life
Over 60 Lifetime Mortgage Home Reversion Plan

Common retirement loan offerings are TSB retirement interest only mortgages, Barclays over 60 lifetime mortgages, NatWest mortgages for over 50 year olds, L&G mortgages for 60 year olds and Nationwide Building Society mortgages for 60 plus.

Do Tipton & Coseley Building Society do Pensioner Mortgages?

Yes, Tipton & Coseley Building Society Pensioner Mortgages are 2.07% MER.

Towns where Lifetime Mortgages are routine

  • Cramlington
  • Cromer
  • Royston
  • Portland
  • Didcot
  • Hunstanton
  • Kenilworth
  • Bolton
  • Kidderminster
  • Cannock
  • Eye
  • Pontefract
  • More 2 Life Flexi Choice Drawdown Lite Plan
  • Bridgewater Lifetime Mortgage
  • Just Retirement Equity Release Schemes
  • More to life Flexi Choice Drawdown Lite Plan
  • Stonehaven Lifetime Mortgage
  • Nationwide Equity Release
  • Lloyds Bank Equity Release Schemes
  • NatWest Equity Release Plans
  • More to Life Tailored Choice Plan
  • Royal Bank of Scotland Lifetime Mortgage
  • Age Partnership Equity Release Plans
  • Aviva Equity Release Plans
  • More to life Flexi Choice Drawdown Lite Plan
  • L&G Legal & General Flexible Plus Lifetime Mortgage
  • Lloyds Bank Lifetime Mortgage
  • TSB Equity Release Schemes
  • Hodge Equity Release Schemes
  • L&G Legal & General Premier Flexible Lifetime Mortgage
  • Liverpool Victoria LV Equity Release Plans
  • TSB Equity Release Schemes
  • Age Partnership Lifetime Mortgage
  • More to Life Capital Choice Plan
  • Stonehaven Equity Release Plan
  • NatWest Equity Release

Aviva Equity Release

Does Tipton & Coseley Building Society offer Retirement Mortgages?

Yes, Tipton & Coseley Building Society Retirement Mortgages are 2.13% APRC.

Pure Retirement

Popular loan to value percentages of LVE interest only lifetime mortgages for people over 60, More to Life mortgages for 60 plus pensioners, OneFamily later life interest only mortgages over 75, YBS help to buy for over 60s, Metro Bank equity release plans for people over 60 and SunLife lifetime mortgages for over 55s are 45%, 55% and 70%.

LV Retirement Mortgages

Just Lifetime Mortgages

Do Tipton & Coseley Building Society do Equity Release Under 55?

Yes, Tipton & Coseley Building Society Equity Release Under 55 is 2.05% APRC.

Over 60 Lifetime Mortgage

Common LTV percentages of Lloyds Bank interest only lifetime mortgages for over 70s, Barclays Bank interest only mortgages for people over 70, Halifax pensioner mortgages over 55, Legal & General lifetime mortgages for over 55s, RBS equity release schemes for over 55’s and Nationwide BS mortgages for people over 50 are 45%, 60% and 65%.

It is common to encounter people seeking out interest-only lifetime mortgages, lumpsum lifetime mortgages or interest-only lifetime mortgages, however, Key Retirement like Royal London Equity Release are keen to see evidence of your personal situation in the form of pension statements.

Question: We have seen a mews house we would like to buy but there is a funny situation with one of the rooms. Part of the hall on the first floor is over the neighbour’s bathroom.

Answer: Freehold properties are normally divided vertically so they do not overhang or overlap each other.

Where there is an overlap, this is known as a flying freehold.

Does Tipton & Coseley Building Society offer Lifetime Mortgages?

Yes, Tipton & Coseley Building Society do lifetime mortgages at 2% MER. Tipton & Coseley Building Society Lifetime Mortgages have a loan to value (ltv) of 70%.