- Release tax-free money from your house with Hinckley and Rugby Building Society Equity Release
- No need to make monthly payments
- Buy a family member a home without a mortgage
- Continue to stay in your property for as long as you like
Loan to value for equity release?
You can get 60% of your property’s valuation. For example, if your house is worth £200000 you can release £120000.
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.
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.
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.
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.
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.
- Nationwide Bank Retirement Mortgages over 60 House
- Santander Lifetime Mortgage On Second Property
- HSBC Retirement Mortgage UK
- Natwest Equity Release Advice
- Nationwide Lifetime Mortgage Buy To Let
- Nationwide Retirement Mortgage Broker
- Under 40 Equity Release From Property
- Timber Frame Mortgage Reviews
- Under 50 Equity Release Scheme
- Lloyds Retirement Mortgage Comparison
- steel framed houses mortgage Lifetime Mortgage Drawdown Scheme
- Nationwide Equity Release Advice
- HSBC Lifetime Mortgage On Second Property
- Natwest Lifetime Mortgage Broker
- PRC Lifetime Mortgage Home Reversion Plan
- HSBC Equity Release Schemes
- Santander Equity Release Plans
- Power lines Equity Release Plans
The 1st and 2nd charge lender will want to know if the property is a Semi detached freehold house or a Leasehold flat with a share of freehold and if the resident is an Assured shorthold tenancy tenant.
It is very regular to encounter people searching for monthly payment lifetime mortgage, lump sum lifetime mortgages or lifetime mortgage with flexible drawdown cash release, however, More to life like VitalityLife Equity Release are keen to see evidence of your situation in the form of bank statements.
Challenging to finance home titles can include rent charges properties with a high estate rent charge, leasehold properties with a short lease, typically less than 70 years, or a defective lease, properties of non-standard construction, timber buildings and concrete panel houses.
Downsides of Hinckley and Rugby Building Society Equity Release Schemes
A monthly payment lifetime mortgage can reduce the value of your estate. A monthly payment lifetime mortgage may impact the ability to claim entitlements. You may need to pay a valuation fee and you could be exposed to changes in interest rates with some products.
Challenging to finance property titles can include grade ll Listed houses (grade C in Scotland and B2 in Northern Ireland), properties with a single annexe or another self-contained part of the property, grades l and ll* Listed Buildings in England & Wales (Grades A and B in Scotland; A, B+ and B1 in Northern Ireland), properties that have solar farms or a large number of wind turbines on the land 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.
Difficult to finance home variants can include difficult roof structures, properties with pre 1945 asbestos or similar composition roof tiles, steel frame/clad properties built before 1990, studio flats outside the M25 and flats above or adjacent to commercial premises.
Hard to mortgage home types include homes requiring essential repairs, age restricted properties, leasehold properties (England, Wales, Northern Ireland) subject to a lease length of 160 years, properties where the customer is offering only part of the title as security for the loan and properties where the borrower(s) own the freehold with any connected party.
Some of the most popular loan to value ratios of Standard Chartered help to buy for over 60s, Shepherds Friendly mortgages for 60 plus, Sainsbury’s equity release schemes for over 55’s, Principality Building Society interest only mortgages for over 60s near London, West Bromwich Building Society pensioner mortgages over 70s and Progressive Building Society mortgages for 60 plus pensioners are 40%, 55% and 65%.
Small business owners detail likely with equity to release from their homes
- Wholesale of furniture, carpets and lighting equipment Malton
- Banks Chard
- Logging East Cowes
- Repair of consumer electronics Halifax
- Manufacture of other plastic products Olney
Hinckley and Rugby Building Society Equity Release LTV
The more aged you are and the unhealthier you are the more money you can release.
UK Providers for Equity Release similar to Hinckley and Rugby Building Society Equity Release
- Key Retirement
- Stonehaven Mortgage
- Just Retirement
Other lenders similar to Hinckley and Rugby Building Society Equity Release
- Aviva Equity Release Schemes
- Canada Life Interest Select Gold Flexi
- Liverpool Victoria LV= Lump Sum Plus Lifetime Mortgage
- Lloyds Bank Equity Release
- Royal Bank of Scotland Lifetime Mortgage
- Saga Equity Release Plans
- Age Partnership Interest Only Lifetime Mortgage
- L&G Legal & General Flexible Lifetime Mortgage
- Liverpool Victoria LV Equity Release
- NatWest Lifetime Mortgage
- Hodge Equity Release Schemes
- Liverpool Victoria LV Equity Release Plans
- Pure Retirement Equity Release
- Nationwide Interest Only Lifetime Mortgage
- More to Life Capital Choice Plan
- Royal Bank of Scotland Interest Only Lifetime Mortgage
- Saga Equity Release Plans
- Hodge Equity Release Plans
- Lloyds Bank Equity Release Plans
- NatWest Interest Only Lifetime Mortgage
- Royal Bank of Scotland Equity Release Schemes
- More 2 Life Tailored Choice Plan
Common LTV ratios of LV= later life interest only mortgages over 75, More to Life help to buy for over 60s, One Family later life interest only mortgages over 75, Yorkshire Building Society equity release schemes for people over 70, Metro Bank mortgages for 60 plus pensioners and SunLife later life interest only mortgages over 60 are 45%, 60% and 65%.
Equity Release percentages of your current property value
- 50% interest-only lifetime mortgages LV Liverpool Victoria
- 55% LTV home reversion plans Legal and General
- 50% loan to value monthly payment lifetime mortgage Just Retirement
- 25% loan to value interest-only lifetime mortgages West Bromwich Building Society
Common loan to values of TSB retirement interest only mortgages over 75, Barclays mortgages over 70s, NatWest mortgages for 60 year olds, Legal & General mortgages for people 60 plus, RBS retirement interest only mortgages over 75 and Nationwide interest only retirement mortgages for over 70s are 40%, 60% and 70%.
Areas of the UK where Lifetime Mortgages are popular
- Long Sutton
Some of the most common retirement loan offerings are TSB mortgages over 70s, Barclays interest only mortgages for over 60s, NatWest equity release schemes, Legal and General lifetime mortgages and Nationwide BS later life interest only mortgages over 70.