Remove tax-free cash from your property with Furness Building Society Equity Release- No need to make regular monthly payments
- Free valuation
- 2.63% fixed
- Help a member of your family buy their own home that they couldn’t afford otherwise
- Stay living in your own home for as long as you like
How much money can I release?
You can get 65% of your property’s value. For example, if your home is valued at £320000 you can borrow £208000.
Customer Testimonials
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.
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.
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 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 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.
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.
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.
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.
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.
Mrs E from London
My mortgage needed to be repaid to the existing lender. I thought I was going to lose my house. Thanks to Concise I got equity release to pay off my mortgage.
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.
It is very regular to find people seeking out home reversion plans, lumpsum lifetime mortgages or interest-only lifetime mortgages, however, Legal and General like Legal & General are keen to see proof of your personal circumstances in the form of bank statements.
How much is it common to release from a home – lenders similar to Furness Building Society Equity Release
- 55% monthly payment lifetime mortgage AA equity release
- 60% loan to value (LTV) lifetime mortgage with flexible drawdown cash release Just Retirement
- 25% loan to value (LTV) monthly payment lifetime mortgage United Trust Bank
- 30% loan to value monthly payment lifetime mortgage Principality
- 50% loan to value monthly payment equity release Just Retirement
- 35% loan to value monthly payment lifetime mortgage Pepper
- 30% loan to value lumpsum lifetime mortgages Norton Home Loans
Furness Building Society Equity Release
- Natwest Retirement Mortgage Rates 2022
- Yorkshire Bank Equity Release Mortgage
- Tipton & Coseley Mortgage Home Reversion Plan
- Natwest Lifetime Mortgage Comparison
- Natwest Equity Release
- Santander Lifetime Mortgage
- Lloyds Bank Equity Release From House
- Lloyds Lifetime Mortgage Interest Only Rates
- Nationwide Retirement Mortgage Comparison
- HSBC Retirement Mortgage UK
- Nationwide Lifetime Mortgage Comparison
- Santander Retirement Mortgage UK
- Santander Retirement Mortgage Broker
- Nationwide Equity Release
- Bad Credit Mortgage Interest Rate
- nationwide mortgages for over 60s Retirement Mortgages Providers
- HSBC Lifetime Mortgage On Second Property
- Halifax Equity Release Brokers UK
- Santander Equity Release Retirement
- YBS Lifetime Mortgage Broker
Towns of the UK where Furness Building Society Equity Release are common
- Leigh
- Kirkby Stephen
- Faringdon
- Sandbach
- Wath-upon-Dearne
- Seaford
- Chard
- Bridport
- St Austell
- Great Yarmouth
- Craven Arms
- Hedon
- Bewdley
- Ilkley
- Hednesford
The lender will want to know if the property is a Detached freehold house or a Leasehold flat and if the resident is an Owner Occupier.
- More 2 Life Flexi Choice Drawdown Lite Plan
- Lloyds Bank Equity Release Plans
- TSB Equity Release
- NatWest Equity Release Plans
- Bridgewater Equity Release
- More to life Capital Choice Plan
- Pure Retirement Classic Drawdown Lite Plan
- More 2 Life Capital Choice Plus Plan
- Age Partnership Lifetime Mortgage
- Bridgewater Lifetime Mortgage
- Liverpool Victoria LV Equity Release Plans
- Pure Retirement Equity Release
- Stonehaven Equity Release
- Lloyds Bank Equity Release Plans
- TSB Equity Release Schemes
- NatWest Equity Release Plans
- Royal Bank of Scotland Lifetime Mortgage
- Aviva Equity Release
- More to life Capital Choice Plan
How much is it common to release from a home
The older you are and the more serious your illnesses you are the more tax-free cash you can release.
Equity Release Scheme Lenders
- Just Retirement
- Norwich Union
- Sunlife Plans
- Pure Retirement
- Furness Building Society Equity Release
Pitfalls of Furness Building Society Equity Release Schemes
Lumpsum lifetime mortgages can reduce the inheritance for your family. Interest-only lifetime mortgages may impact the ability to get state benefits. You may need to pay a solicitor’s fee and some products expose you to changes in interest rates.
Successful business owners who could benefit from Home Reversion Scheme tax planning
- Licensed clubs High Wycombe
- Residential care activities for the elderly and disabled Stony Stratford
- Tea processing Redenhall with Harleston
- Combined facilities support activities Otley
- Retail sale of leather goods in specialised stores Southsea
Appealing retirement loan offerings are Lloyds interest only retirement mortgages for over 70s, Barclays Bank interest only mortgages for over 65 year olds, Post Office pensioner mortgages, L&G mortgages for 60 plus and Nationwide BS lifetime mortgages.
