- Remove tax-free cash from your property
- No need to make regular monthly payments
- Use the money you release for anything you like
- Stay living in your own house
It is usual to discover individuals seeking out monthly payment life time mortgage, lump sum life time mortgages or home reversion schemes, however, Sunlife Plans like LV Liverpool Victoria are keen to see proof of your personal circumstances in the form of pension statements.
- Aviva Equity Release
- Bridgewater Equity Release Plans
- More2Life Capital Choice Plan
- Pure Retirement Drawdown Plan
- Nationwide Equity Release Plans
- HSBC Equity Release Plans
- NatWest Equity Release Plans
- More to Life Flexi Choice Drawdown Lite Plan
- More2Life Tailored Choice Plan
- More to Life Capital Choice Plus Plan
- Pure Retirement Drawdown Plan
- NatWest Equity Release
- More2Life Flexi Choice Drawdown Lite Plan
- L&G Legal & General Flexible Max Plus
- Liverpool Victoria LV= Flexible Lifetime Mortgage
- Stonehaven Equity Release Scheme
- Canada Life Voluntary Select Gold
- Stonehaven Interest Only Lifetime Mortgage
- Nationwide Interest Only Lifetime Mortgage
- Lloyds Bank Lifetime Mortgage
- Royal Bank of Scotland Equity Release Schemes
- More 2 Life Capital Choice Plan
Areas in the UK where retirement mortgages are common
- Oundle
- St Neots
- Slough
- Epsom and Ewell
- Ross-on-Wye
- Halesowen
- Minehead
- Hounslow
- Langport
- Rothwell
- Leyburn
- Epping
- Stockton-on-Tees
- Billericay
- Sutton
- Shipston-on-Stour
Equity Release Providers
- the Telegraph
- Stepchange
- Aviva
Equity Release LTV
The more aged you are and the unhealthier you are the more cash you can release.
LV Equity Release
Canada Life Retirement Mortgages
Hodge Lifetime Mortgages
LV Retirement Mortgages
Downsides of Home Reversion Schemes
Lump sum lifetime mortgages can reduce the inheritance for your family. Lifetime mortgage with flexible drawdown cash release may impact entitlements to state benefits. You may need to pay a valuation fee and some products expose you to changes in interest rates.
Retired business owners that may be interested in lifetime mortgages
- Library activities Chingford
- Veterinary activities Royal Tunbridge Wells
- Construction of railways and underground railways Blackwater and Hawley
- Weaving of textiles Lowestoft
- Manufacture of other non-metallic mineral products n e c Cockermouth
- Manufacture of magnetic and optical media Flitwick
- Silviculture and other forestry activities Ipswich
- First-degree level higher education Plympton
- Renting and leasing of other personal and household goods Dinnington St Johns
- Residential nursing care facilities Bournemouth
- Other credit granting n e c Kingston-upon-Thames
- Book publishing Tottenham
- Scheduled passenger air transport Horncastle
- Repair of footwear and leather goods Long Sutton
- Manufacture of veneer sheets and wood-based panels Buckfastleigh
- Motion picture projection activities Edmonton
- Manufacture of household and sanitary goods and of toilet requisites Wellingborough
- Activities of trade unions Slough
How much is it common to release from a home
- 55% home reversion schemes Legal & General
- 55% loan to value monthly payment equity release Age Partnership
- 30% loan to value (LTV) lifetime mortgage with flexible drawdown cash release Evolution Money
- 50% LTV lump sum lifetime mortgages Equifinance
- 40% loan to value (LTV) lumpsum lifetime mortgages West One
- 50% LTV home reversion plans Paragon Personal Finance
- 25% loan to value (LTV) lump sum lifetime mortgages Kent Reliance
The lender will want to know if the property is a Detached freehold house or a Leasehold flat with share of freehold and if the resident is an AST Tenant.
