Is a Halifax Lifetime Mortgage right for me?

RIO

  • Remove tax-free equity from your property
  • No regular monthly repayments with a Halifax Lifetime Mortgage
  • Help a member of your family buy their own home that they couldn’t afford otherwise
  • Continue to stay in your home
  • Can be used to help tax planning
  • Your Requirements

  • Please enter a number from 4000 to 200000000.
  • Please enter a number from 50000 to 10000000.

Customer Reviews

RIO

William from London

I was told by my lawyer my inheritance tax bill would be around £250,000. I got a Halifax 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.

Halifax Lifetime Mortgage

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.

RIO

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.

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 Halifax 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.

mrs-daly

Mrs Daly from Glasgow

My daughter lives in the states and does not have health insurance. My £30,000 Halifax 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-london

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.

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.

  • Your Requirements

  • Please enter a number from 4000 to 20000000.
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Access home equity
Old money home
Home equity Tied Up

UK Providers for Equity Release including Halifax Lifetime Mortgage

  • Age Partnership
  • One Family
  • Halifax
  • Just Retirement
  • AIG Life

How much is it common to release from a home

  • 55% monthly payment equity release The Exeter Equity Release
  • 60% loan to value (LTV) lumpsum lifetime mortgages Age Concern
  • 45% LTV Halifax Lifetime Mortgage

Canada Life

Pure Retirement

LV

HSBC Lifetime Mortgage Buy To Let

LV Equity Release

The 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 Assured shorthold tenancy tenant.

Drawbacks of Equity Release Plans

Lumpsum lifetime mortgages can reduce the value of your estate. A monthly payment Halifax lifetime mortgage may impact entitlements to state benefits. You may need to pay a legal fee, and you could have higher rates to pay with some schemes.

  • Aviva Equity Release Plans age 55
  • Nationwide Interest Only Lifetime Mortgage age 60
  • Saga home reversion plan age 65
  • Just retirement defined benefit age 70
  • Liverpool Victoria LV= Flexible Lifetime Mortgage age 75
  • More to Life Tailored Choice Plan
  • Pure Retirement Equity Release
  • Nationwide Interest Only Lifetime Mortgage
  • Lloyds Bank Equity Release
  • More 2 Life Flexi Choice Voluntary Payment Super Lite
  • TSB Equity Release
  • Hodge Equity Release Schemes
  • More 2 Life Capital Choice Plan
  • Hodge Lifetime Mortgage Flexible Drawdown Plan over 70s
  • Liverpool Victoria LV Equity Release over 65’s
  • Royal Bank of Scotland Equity Release Plans over 55

HSBC Lifetime Mortgage No Payments

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.

Examples of retired small business owners likely to have equity to release

  • Manufacture of flat glass Tidworth
  • Manufacture of dyes and pigments Tewkesbury
  • Manufacture of other furniture Nailsworth
  • Retail sale of computers, peripheral units and software in specialised stores Warrington
  • Manufacture of optical precision instruments Norton-on-Derwent
  • Manufacture of other ceramic products n e c Winchcombe
  • Fund management activities Haverhill
  • Manufacture of doors and windows of metal Shoreham-by-Sea
  • Wholesale of other fuels and related products Clevedon
  • Manufacture of other fabricated metal products n e c Thrapston
  • Manufacture of other carpets and rugs Seaton
  • Support activities for crop production Whitchurch
  • Manufacture of other articles of concrete, plaster and cement Chippenham
  • Lead, zinc and tin production Sawbridgeworth
  • Manufacture of assembled parquet floors Moretonhampstead
  • Farm animal boarding and care Chipping Sodbury
  • Sawmilling and planing of wood High Wycombe
  • Roofing activities Havant

Pure Retirement - Classic Lite

more 2 life joint lifetime mortgage

retirement interest only mortgages halifax

Areas of the UK where Lifetime Mortgages are common

  • Weymouth
  • Bingham
  • Romsey
  • West Malling
  • Windsor
  • Poole
  • Bicester
  • Lutterworth
  • Hessle
  • Hatfield
  • Bournemouth
  • Eye
  • Leigh
  • Didcot
  • Lewes
  • Fordwich

halifax interest only lifetime mortgage

It’s common to discover individuals seeking out a lifetime mortgage with flexible drawdown cash release, monthly payment lifetime mortgage or monthly payment equity release. However, Key Solutions like Legal & General are keen to see proof of your situation in the form of investment statements.