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2.49% Fixed HSBC Retirement Mortgage With Free Valuation

HSBC Retirement Mortgage

  • An HSBC Retirement Mortgage at 2.49% fixed for life
  • Borrow up to 65% of the market value of your home
  • For existing customers or new customers
  • Remortgage with HSBC to pay off your existing mortgage
  • Mortgages up to 90 years old are available
  • Free No Obligation Quote

  • Please enter a number from 3000 to 2000000000.
  • Please enter a number from 30000 to 100000000.
  • Leave blank if no mortgage outstanding
  • About You

Concise Finance Customer Reviews

follow us RIO buy to let

Sophie G from Aberdeen

The financial advisor I’ve had for 25 years said I could save inheritance tax by getting £350,000 of equity release. The money was lent at a very low-interest rate close to 2% and competitive with normal mortgages you would get by proving income. I have saved a lot of tax.   The mortgage advisers were fantastic.

RIO get a standard mortgage could be best from shawbrook bank

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.  I got great mortgage advice about the lending criteria and I considered repayment mortgages from many different mortgage lenders.

RIO trading name

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.  The mortgage broker gave me a complete picture of the mortgage repayments, the impact of my property value and the lack of early repayment charge.  The big building societies and high street banks could not help me.

 

RIO bank holidays

Mrs V from Hastings

I had spent my life running up credit cards and loans then getting interest-only mortgages to pay off the debt. I got to retirement age and still owed the bank £160,000. The term was about to expire, and I could not afford the payments on my pension anyway. I got £180,000 equity release and now I am more comfortable with no monthly repayments and I spent £20,000 on a new bathroom and kitchen. I now know I can stay in my home.

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 for home improvements

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.

RIO

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.  There were no monthly interest payments to worry about and I have all my pension income from my defined benefit pension.

mrs-daly

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.

david-p-london retirement interest only mortgages

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.

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  • Please enter a number from 4000 to 20000000.
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Under 65 Home owner
Money tied up in house retirement interest only mortgage

Difficult to finance property variants can include Timber-framed properties constructed post-1965, properties with any external treatment applied to the roof after construction, privately developed flats, maximum four storeys with a lift, former local authority flats and properties where the flat is accessed via a deck or balcony.

Putney Home rio mortgage
The mortgage lender will want to know if the property is a Freehold terraced house or a Leasehold flat and if the resident is an AST Tenant.

Aviva lifetime mortgage

 

Successful business owners who could benefit from equity release estate planning

  • Manufacture of tools Whitworth
  • Operation of sports facilities Stalham
  • Manufacture of optical precision instruments Darley Dale

Difficult to mortgage home types can include properties in the course of construction or pre-construction, age restricted properties, feuhold/freehold properties (including flats) in Scotland, leasehold properties (with the exception of flats and maisonettes) and freehold flats (England, Wales, Northern Ireland).

Equity Release LTV Percentages

The older you are and the more serious your illnesses you are, the more tax-free cash you can release.

Challenging to finance home titles include properties built or converted into dwellings within the last 10 years, properties with flying or creeping freehold which comprises 15% or less of the total floor area, properties with more than one annexe or self-contained part of the property, properties with flying or creeping freeholds which comprise over 15% of the total floor area and properties adversely affected by existing or proposed issues including roads, rail, airports, power plants, power lines/pylons, wind turbines, sub stations, sewage works, quarries, fuel stations, refuse sites, sports grounds, noise, light or environmental pollution.

Lloyds Retirement Mortgage Home

Areas in the UK where retirement mortgages are common

  • Aldeburgh
  • Hatfield
  • Halesworth
  • Bishops Waltham
  • Tenbury Wells
  • Orford
  • Teignmouth
  • Watlington
  • Crowland
  • Woburn Sands
  • Caistor
  • Loughton
  • Wallasey
  • Yeovil
  • Skegness
  • Highworth
  • Chippenham
  • Wath-upon-Dearne
  • Lydney
  • Axbridge
  • Chipping Sodbury
  • Stalbridge

Hodge Lifetime - Lump Sum Lifetime Mortgage

Challenging to mortgage property titles can include high service charges, leasehold properties with a short lease, typically less than 70 years, or a defective lease, some properties with sitting tenants or regulated tenancies, cob property and properties that has never been registered with the land registry.

What percentage can be released?

  • 55% lumpsum lifetime mortgages LV Liverpool Victoria
  • 60% LTV lump sum lifetime mortgages – Lifetime Mortgage from L&G
  • 40% LTV monthly payment equity release Vida
  • 25% loan to value lifetime mortgage with flexible drawdown cash release West Bromwich Building Society

Some of the most common LTV ratios of Virgin Money pensioner mortgages over 70s, Shepherds Friendly mortgages for people over 50, Churchill retirement interest only mortgages over 75, Skipton Building Society retirement mortgages over 60, Newcastle Building Society mortgages for over 60s and Cumberland Building Society interest only mortgages for over 60s near London are 45%, 60% and 65%.

Drawbacks of Home Reversion Schemes

Lumpsum lifetime mortgages can reduce the inheritance for your family. Monthly payment equity release may impact the ability to claim entitlements. You may need to pay an advisor’s fee and some products expose you to changes in interest rates.

Lloyds Retirement Mortgage Interest Rate

UK Lenders for Equity Release where older mortgage borrowers prove income with their state pension

  • Lifetime Mortgage from L&G
  • Stonehaven Mortgage
  • Key Solutions
  • Stonehaven

It’s common to find individuals searching for home reversion plans, lump sum lifetime mortgages or monthly payment equity release, however, More to life like Legal & General are keen to see proof of your circumstances in the form of pension statements.

  • Canada Life Voluntary Select Gold Flexi
  • Hodge Lifetime Mortgage Flexible Drawdown Plan
  • More to life Flexi Choice Drawdown Lite Plan
  • Nationwide Equity Release
  • HSBC Equity Release Schemes
  • TSB Equity Release
  • More to Life Flexi Choice Drawdown Lite Plan
  • Royal Bank of Scotland Lifetime Mortgage
  • Saga Equity Release Schemes
  • Bridgewater Equity Release Schemes
  • L&G Legal & General Flexible Max Scheme
  • Stonehaven Equity Release
  • Nationwide Interest Only Lifetime Mortgage
  • HSBC Equity Release Plans
  • Lloyds Bank Equity Release Schemes
  • More to life Capital Choice Plus Plan
  • Just retirement equity release key features
  • L&G Legal & General Flexible Plus Lifetime Mortgage
  • Liverpool Victoria LV Equity Release Plans
  • HSBC Lifetime Mortgage
  • Lloyds Bank Equity Release Schemes
  • TSB Lifetime Mortgage
  • Saga Equity Release Plans

Some of the most popular LTV percentages of Liverpool Victoria mortgages for over 50 year olds, More 2 Life interest only mortgages for people over 70, One Family mortgages for over 60s, Yorkshire Bank later life interest only mortgages over 75, Principality Building Society interest only mortgages for people over 60 and Axa RIO mortgages over 75 are 40%, 60% and 65%.

More to life - Flexi Choice Lite registered in england

Many of the most appealing retirement loan offerings are TSB mortgages over 70s, HSBC RIO mortgages, Halifax later life mortgages, L&G pensioner mortgages over 70s and Nationwide BS later life interest only mortgages.

Aviva - Lifestyle Flexible Option company number

Aviva Mortgages
Canada Life Lifetime Mortgages
Crown Mortgages

HSBC UK Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register number: 765112). HSBC UK Bank plc is a company incorporated under the laws of England and Wales with company registration number 9928412 and its registered office at 1 Centenary Square, Birmingham, B1 1HQ. HSBC UK Bank plc’s registered VAT Number is GB 365684514. HSBC adheres to The Standards of Lending Practice which is monitored and enforced by The Lending Standards Board. Further details can be found at www.lendingstandardsboard.org.uk

Popular LTV ratios of TSB mortgages for over 65, Barclays over 60 lifetime mortgages no fees, Halifax pensioner mortgages over 55, L&G lifetime mortgages for over 60s, Royal Bank of Scotland mortgages over 65 and Nationwide Building Society interest only mortgages for over 70s are 35%, 60% and 65%.

Does HSBC offer HSBC Retirement Mortgages?

Yes, HSBC does HSBC retirement mortgages at 2.19% MER.

Do HSBC do Equity Release Under 55?

Yes, HSBC Equity Release under 55 is 2.19% APR.

 

Does HSBC offer a retirement interest only mortgage?

Yes, a HSBC retirement interest only mortgage has a rate of 2.19% MER.  The monthly payments should be very low and affordable from your retirement income.

Key features:

  • You home may be repossessed if you don’t make the mortgage payments
  • For a retirement interest only mortgage you will need to provide a company pension forecast and pass an affordability assessment
  • Also referred to as a RIO mortgage
  • Ideal for older mortgage borrowers with the ability to pass affordability checks
  • No redemption fee
  • Low minimum loan size and long mortgage term
  • Ideal for people before they go into long term care
  • Can effect means tested benefits for some people borrowing money
  • You need independent advice before starting the later life lending process – your financial standing will have to be studied
  • No early repayment charges
  • Low initial loan amount
  • Paid back when the last borrower dies or needs long term care
  • No compound interest roll up to release equity where the debt grows over time
  • Use the money to pay off other debts
  • You must keep up repayments

What happens if I die or move into long term care.

Your home will be sold to pay back the retirement interest only mortgage.  Typically lenders may be the Leeds building society or family building society.

Who can get a retirement interest-only mortgage?

They’re aimed at older people, usually people over 55 or approaching retirement, although there’s typically no minimum or maximum age requirement.

How does a Retirement Interest-Only Mortgage work?

If you have a state pension statement, a workplace pension, an annuity statement or other proof you can repay the loan that shows you can pay the interest, the amount you can borrow to give to your loved ones will depend on your homes value. When your house is sold you pay back the principal.

Low monthly interest repayments are similar to a standard residential mortgage that’s interest only

How much cash can I get?

You can get 65% of your property’s value. For example, if your home is valued at £270000 you can borrow £175500.

Mortgage rates 2.49%% for a lower loan to values, with slightly higher rates for larger amounts.