- Release money from your house
- Ipswich Building Society Equity Release 4.31% Fixed for life
- You don’t need to make regular monthly payments
- Use the money you release for anything you like
- Continue to stay in your property
Equity release loan to value?
You can get 60% of your home’s value. For example, if your home is worth £180,000, you can borrow £108,000.
Concise Finance Customer Reviews
Mrs L from Nottingham
For my lifetime mortgage, I had to pay a valuation and solicitor fees but no lender or broker fees. As I had been divorcing my husband for 30 years, the money went to him for his share of the house. I am happy now as I am secure and do not need to move from home. Ipswich Building Society Equity Release was ideal for me.
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.
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’s birth and a year’s rent in advance for a new flat for the baby.
Mr G from Kent
I got an interest-only lifetime mortgage and gave my sons £100,000 each so they could put a deposit down on a home. My money made it possible for them to get an excellent mortgage deal, especially one poorly paid son.
David P
With my power of attorney, I got an equity release on my father’s house to pay for disability provisions, including a lift and a new kitchen.
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 providing income. I have saved a lot of tax.
Equity Release UK Lenders
- Key Retirement
- Pure Retirement
- Santander
Downsides of Equity Release Plans
Home reversion plans can reduce the value of your estate. Lump-sum lifetime mortgages may impact entitlements to benefits. You may need to pay a valuation fee, and some products may expose you to changes in interest rates.
What percentage can be released?
The more aged you are and the more illnesses you have you are, the more tax-free money you can release.
Areas where Lifetime Mortgages are common
- Sandbach
- Bebington
- Craven Arms
- Bromley
- Alston
- Bridgwater
- Midsomer Norton
- Prescot
- Ferryhill
- Holt
- Immingham
- Morecambe
- Chatham
- Needham Market
- Rugby
- Totton and Eling
- Wellingborough
- East Ham
- Dinnington St Johns
- Brading
- Hemel Hempstead
- Egremont
How much is it expected to release from a home with Ipswich Building Society Equity Release
- 60% lifetime mortgage with flexible drawdown cash release AA equity release
- 35% LTV home reversion schemes Shawbrook
- 30% loan to value interest-only lifetime mortgages Santander
- 65% with Ipswich Building Society Equity Release
Equity release is standard among business owners like below
- Activities of religious organizations Ilminster
- Wholesale of waste and scrap Mildenhall
- Wholesale of tobacco products Chipping Campden
- Passenger rail transport, interurban Southend-on-Sea
- Management consultancy activities other than financial management Partington
- Wireless telecommunications activities Hertford
- Other service activities incidental to land transportation, n e c Poynton-with-Worth
- Banks Loddon
- Operation of rail passenger facilities at railway stations Whittlesey
- Mining of other non-ferrous metal ores Stevenage
- manufacture of canvas goods, sacks, etc Dover
- Manufacture of steel drums and similar containers Falmouth
- Manufacture of ceramic household and ornamental articles Burgess Hill
- Activities of agricultural holding companies Arlesey
- Undifferentiated service-producing activities of private households for own use Atherstone
- Wholesale of hardware, plumbing and heating equipment and supplies Lynton & Lynmouth
- Renting and operating of Housing Association real estate Penryn
- Manufacture of non-wovens and articles made from non-wovens, except apparel Buntingford
- Liverpool Victoria LV= Lump Sum Plus Lifetime Mortgage
- Nationwide Interest Only Lifetime Mortgage
- TSB Equity Release Schemes
- Age Partnership Lifetime Mortgage
- Hodge Lifetime Flexible Drawdown Plan
- Just Retirement Equity Release Plans
- Liverpool Victoria LV= Lump Sum Plus Lifetime Mortgage
- More to Life Capital Choice Plus Plan
- TSB Equity Release
- NatWest Equity Release
- Saga home reversion schemes
- Age Partnership Equity Release Plans
- Canada Life Lifetime Mortgages
- Just retirement equity release lifetime mortgages
- Pure Retirement Equity Release Schemes
- More to Life Flexi Choice Drawdown Lite Plan
- NatWest Equity Release
- Age Partnership Equity Release
- L&G Legal & General Flexible Lifetime Mortgage
- Lloyds Bank Equity Release Plans
- Saga Equity Release Schemes
- Age Partnership Equity Release Plans
The lender will want to know if the property is a semi-detached freehold house or a leasehold house and if the resident is an owner-occupier primary residence.
Some of the most popular LTV ratios of TSB interest-only retirement mortgages for those over 70s, Barclays Bank remortgages for people over 50 years old, Halifax mortgages for 60 plus pensioners, Legal & General pensioner mortgages over 60, RBS retirement mortgages over 65 and Nationwide BS mortgages over 65 are 45%, 60% and 70%.
Common loan to values of Liverpool Victoria help to buy for over 60s, More to Life later life mortgages for over 60s, One Family interest only retirement mortgages for over 70s, Yorkshire Bank equity release plans for people over 60, Principality Building Society mortgages for over 70s and Axa later life interest only mortgages over 60 are 40%, 55% and 65%.
Equity Release Mortgage Under 55
Some of the most popular loan-to-value percentages of Standard Chartered interest-only mortgages for over 60s near London, Direct Line interest-only lifetime mortgages for over 60s, Sainsbury’s mortgages over 65, Principality Building Society lifetime mortgages for people over 55, Nottingham Building Society mortgages for pensioners over 60 and Progressive Building Society mortgages for 60 plus pensioners are 50%, 55% and 70%.
Hard-to-mortgage home types include properties in the course of construction or pre-construction, properties where multiple third parties are living in an annexe, freehold houses and bungalows (England, Wales, Northern Ireland), properties made up of multiple titles, and properties with leased solar panels.
Hard-to-finance home variants include timber-framed properties built before 1920, properties with any external treatment applied to the roof after construction, large concrete panel systems, privately developed flats in blocks of five storeys or more, and properties where the flat is accessed via a deck or balcony.
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 other self-contained parts of the property, properties with a small number of solar panels or a wind turbine on the land for domestic use, properties where there is a self-contained part of the property or annexe, i.e. basement flat etc and properties that have a private water supply provided a contract is in place with an approved maintenance company for regular testing and maintenance.
Challenging to mortgage home variants can include high service charges, ground rent where the lease or any deed varying the lease provides for a ground rent exceeding, or where the escalating provisions would result in the ground rent exceeding £250 per annum (or £1000 per annum where the property is in Greater London), properties of non-standard construction, corrugated iron construction and missing planning permission or building regulations approval.
- Tipton & Coseley Mortgage Broker
- Age Partnership Reviews
- BISF Equity Release From House
- Nationwide Lifetime Mortgage Rates 2025
Equity Release Rates in the UK
The financial landscape has evolved significantly, offering homeowners diverse opportunities to tap into their property’s value, particularly during their golden years. Equity release products, which provide these options, come with their own set of rates. Let’s explore the intricate world of equity release rates.
Lifetime Mortgage Rates
Understanding Lifetime Mortgage Rates
Lifetime mortgages are the most popular equity release schemes. Essentially, homeowners borrow a portion of their property’s value. The interest can either roll up or be paid monthly.
Factors Influencing Lifetime Mortgage Rates
The rates for lifetime mortgages can be impacted by the broader economic environment, the age of the borrower, and the property’s value.
Benefits and Considerations
Pros of Lifetime Mortgages
Homeowners can unlock tax-free cash without selling their property or moving out.
Cons of Lifetime Mortgages
The primary drawback is the compounding interest, which can increase the debt exponentially if not managed.
Interest Only Lifetime Mortgage Rates
Overview
This product allows homeowners to pay off the interest regularly, ensuring the loan amount doesn’t increase.
Attractiveness of Interest Only Lifetime Mortgages
These allow homeowners to maintain a steady loan balance, clarifying the future financial implications.
Factors Affecting Rates
Various elements, including the lender’s terms, market conditions, and the applicant’s age, play a role in determining rates for interest-only lifetime mortgages.
Interest Only Retirement Mortgage Rates
Basics of Interest Only Retirement Mortgages
A niche product explicitly designed for retirees, where monthly interest payments are made without touching the principal amount.
Comparison with Standard Lifetime Mortgages
This product provides predictability and can often be more manageable for retirees on a fixed income.
Retirement Mortgage Rates
Diving into Retirement Mortgages
These are tailor-made for retirees, allowing them to continue or initiate a mortgage during their retirement years.
Rate Influencers
Such rates are affected by the general economic environment, the retiree’s financial health, and age.
Pensioner Mortgage Rates Ipswich BS
Exploring Pensioner Mortgages
These are regular mortgages but specifically tailored considering pensioners’ income and age-related constraints.
Rate Determinants
The borrower’s age, creditworthiness, and current pension income play significant roles in determining these rates.
RIO Mortgage Rates Ipswich BS
A Deep Dive into RIO Mortgages
RIO or Retirement Interest Only mortgages allow older homeowners to pay only the interest on the borrowed amount. The principal is usually repaid when the house is sold, often after the homeowner’s demise.
Key Features and Rate Influences Ipswich
The specific design of RIOs, catering to older age groups, means their rates are influenced by age, market conditions, and individual lender criteria.
- Nationwide Mortgages for over 60s Retirement Mortgages Calculator
- Lloyds Lifetime Mortgage Interest Only Rates
- YBS Lifetime Mortgage Maximum Ltv
Release Equity
The Essentials of Releasing Equity
Releasing equity is any method where homeowners unlock the wealth tied to their property without selling it.
Primary Equity Release Methods
These include lifetime mortgages and home reversion plans, each with unique rates and features.
- Yorkshire Bank Equity Release Best Deals
- Natwest Equity Release Brokers UK
- Equity Release in the home under 50
- Bad Credit Mortgage Broker
Retirement Interest Only Mortgage Rates
Shedding Light on RIO Rates
RIO mortgage rates can often blend traditional mortgage rates and specific considerations related to retirees.
- Best Mortgages For Over 50s Retirement Mortgage Age
- Halifax Equity Release Loan
- Barclays Retirement Interest Only Mortgage Buy To Let
Factors Dictating RIO Mortgage Rates
In addition to general market conditions, the age of the borrower, their credit history, and the property’s valuation play pivotal roles.
Understanding the intricate world of equity release rates becomes crucial as the UK’s ageing population continues to explore ways to maximize their assets during retirement. With myriad products, each with its nuances, homeowners are spoilt for choice. However, understanding the short-term and long-term implications ensures that the equity locked in homes is leveraged optimally.
- Nationwide Retirement Mortgage
- Natwest Lifetime Mortgage Fixed Rate
- Nationwide Equity Release On Second Homes
Equity release loan to value?
You can get 60% of your home’s value. For example, if your home is worth £180000, you can borrow £108000.
Concise Finance Customer Reviews
Mrs L from Nottingham
For my lifetime mortgage, I had to pay a valuation fee and a solicitor’s fee, but no lender or broker fees. 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 do not need to move from 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.
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’s birth and a year’s rent in advance for a new flat for the baby.
Mr G from Kent
I got an interest-only lifetime mortgage and gave my sons £100,000 each so they could put a deposit down on a home. My money allowed them to get an excellent mortgage deal, especially one poorly paid son.
David P
With my power of attorney, I got an equity release on my father’s house to pay for disability provisions, including a lift and a new kitchen.
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 providing income. I have saved a lot of tax.
Equity Release UK Lenders
- Key Retirement
- Pure Retirement
- Santander
Downsides of Equity Release Plans
Home reversion plans can reduce the value of your estate. Lump-sum lifetime mortgages may impact entitlements to benefits. You may need to pay a valuation fee, and some products may expose you to changes in interest rates.
What percentage can be released?
The more aged you are and the more illnesses you have you are, the more tax-free money you can release.
Areas where Lifetime Mortgages are common
- Sandbach
- Bebington
- Craven Arms
- Bromley
- Alston
- Bridgwater
- Midsomer Norton
- Prescot
- Ferryhill
- Holt
- Immingham
- Morecambe
- Chatham
- Needham Market
- Rugby
- Totton and Eling
- Wellingborough
- East Ham
- Dinnington St Johns
- Brading
- Hemel Hempstead
- Egremont
How much is it expected to release from a home with Ipswich Building Society Equity Release?
- 60% lifetime mortgage with flexible drawdown cash release AA equity release
- 35% LTV home reversion schemes Shawbrook
- 30% loan to value interest-only lifetime mortgages Santander
- 60% with Ipswich Building Society Equity Release
Equity release is standard among business owners like below
- Activities of religious organizations Ilminster
- Wholesale of waste and scrap Mildenhall
- Wholesale of tobacco products Chipping Campden
- Passenger rail transport, interurban Southend-on-Sea
- Management consultancy activities other than financial management Partington
- Wireless telecommunications activities Hertford
- Other service activities incidental to land transportation, n e c Poynton-with-Worth
- Banks Loddon
- Operation of rail passenger facilities at railway stations Whittlesey
- Mining of other non-ferrous metal ores Stevenage
- manufacture of canvas goods, sacks, etc Dover
- Manufacture of steel drums and similar containers Falmouth
- Manufacture of ceramic household and ornamental articles Burgess Hill
- Activities of agricultural holding companies Arlesey
- Undifferentiated service-producing activities of private households for own use Atherstone
- Wholesale of hardware, plumbing and heating equipment and supplies Lynton & Lynmouth
- Renting and operating of Housing Association real estate Penryn
- Manufacture of non-wovens and articles made from non-wovens, except apparel Buntingford
- Liverpool Victoria LV= Lump Sum Plus Lifetime Mortgage
- Nationwide Interest Only Lifetime Mortgage
- TSB Equity Release Schemes
- Age Partnership Lifetime Mortgage
- Hodge Lifetime Flexible Drawdown Plan
- Just Retirement Equity Release Plans
- Liverpool Victoria LV= Lump Sum Plus Lifetime Mortgage
- More to Life Capital Choice Plus Plan
- TSB Equity Release
- NatWest Equity Release
- Saga home reversion schemes
- Age Partnership Equity Release Plans
- Canada Life Lifetime Mortgages
- Just retirement equity release lifetime mortgages
- Pure Retirement Equity Release Schemes
- More to Life Flexi Choice Drawdown Lite Plan
- NatWest Equity Release
- Age Partnership Equity Release
- L&G Legal & General Flexible Lifetime Mortgage
- Lloyds Bank Equity Release Plans
- Saga Equity Release Schemes
- Age Partnership Equity Release Plans
The lender will want to know if the property is a semi-detached freehold house or a Leasehold house and if the resident is an Owner-Occupant Primary Residence.
Some of the most popular LTV ratios for TSB interest-only retirement mortgages for over 70s, Barclays Bank remortgages for people over 50 years old, Halifax mortgages for 60-plus pensioners, Legal & General pensioner mortgages over 60, RBS retirement mortgages over 65, and Nationwide BS mortgages over 65 are 45%, 60%, and 70%.
Standard loan to values of Liverpool Victoria help to buy for over 60s, More to Life later life mortgages for over 60s, One Family interest only retirement mortgages for over 70s, Yorkshire Bank equity release plans for people over 60, Principality Building Society mortgages for over 70s and Axa later life interest only mortgages over 60 are 40%, 55% and 65%.
Equity Release Mortgage Under 55
Some of the most popular loan-to-value percentages of Standard Chartered interest-only lifetime mortgages for over-60s near London, Direct Line interest-only lifetime mortgages for over-60s, Sainsburys mortgages for over 65, Principality Building Society lifetime mortgages for people over 55, Nottingham Building Society mortgages for pensioners over 60, and Progressive Building Society mortgages for 60-plus pensioners are 50%, 55%, and 70%.
Hard-to-mortgage home types include properties in the course of construction or pre-construction, properties where multiple third parties are living in an annexe, freehold houses and bungalows (England, Wales, Northern Ireland), properties which are made up of multiple titles and properties with leased solar panels.
Hard-to-finance home variants include timber-framed properties built before 1920, properties with any external treatment applied to the roof after construction, large concrete panel systems, privately developed flats in blocks of five storeys or more, and properties where the flat is accessed via a deck or balcony.
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, properties with a small number of solar panels or a wind turbine on the land for domestic use, properties, where there is a self-contained part of the property or annexe, i.e. basement flat etc. and properties that have a private water supply provided a contract, is in place with an approved maintenance company for regular testing and maintenance.
Challenging to mortgage home variants can include high service charges, ground rent where the lease or any deed varying the lease provides for a ground rent exceeding, or where the escalating provisions would result in the ground rent exceeding £250 per annum (or £1000 per annum where the property is in Greater London), properties of non-standard construction, corrugated iron construction and missing planning permission or building regulations approval.
- Tipton & Coseley Mortgage Broker
- Age Partnership Reviews
- BISF Equity Release From House
- Nationwide Lifetime Mortgage Rates 2025
- Nationwide Mortgages for over 60s Retirement Mortgages Calculator
- Lloyds Lifetime Mortgage Interest Only Rates
- YBS Lifetime Mortgage Maximum Ltv
- Yorkshire Bank Equity Release Best Deals
- Natwest Equity Release Brokers UK
- Equity Release in the home under 50
- Bad Credit Mortgage Broker
- Best Mortgages For Over 50s Retirement Mortgage Age
- Halifax Equity Release Loan
- Barclays Retirement Interest Only Mortgage Buy To Let
- Nationwide Retirement Mortgage
- Natwest Lifetime Mortgage Fixed Rate
- Nationwide Equity Release On Second Homes
Ipswich Building Society Product name: Retirement Interest-Only Mortgage. Fixed-rate and discount deals are available. Capital repayment or interest-only? Interest-only. Minimum property value: None, but you must hold at least £150,000 equity. Minimum/Maximum loan sum: £25,000/£500,000. Maximum LTV: 50%. Minimum/max-age: 55 Minimum; no max. Minimum income: £20,000, which can include 100% of your pension income and 75% of your investment income.
Overpayments: With a fixed-rate deal, you can overpay by up to 50% of the loan amount. After that, you’ll have to pay a 3% penalty. The discounted-rate deal allows unlimited fee-free overpayments. How can I repay the loan? When you die or move into care and the property is sold, you can repay the loan. If you’re on a discount deal, you can also pay off the entire loan early without facing ERCs.
Popular pensioner finance products include TSB mortgages for 60 plus, Barclays Bank later life mortgages, NatWest interest only lifetime mortgages, Legal and General retirement mortgages and Nationwide retirement mortgages.
Does Ipswich Building Society offer a retirement remortgage for people over 60?
Yes, Ipswich Building Society retirement remortgages for the over 60s are 5.31% MER variable.
Does Ipswich Building Society have pensioner remortgages for people over 60?
Yes, an Ipswich Building Society pensioner remortgage over 60 is 5.31% AER fixed.
Does Ipswich Building Society do a later life remortgage for pensioners over 60?
Yes, Ipswich Building Society later life remortgages for the over 60s are 5.31% APRC variable.
Does Ipswich Building Society offer the best remortgages for retired over 60s?
Yes, Ipswich Building Society’s best remortgage for retired pensioners over 60 is 5.31% MER variable.
Does Ipswich Building Society offer a remortgaging option for those over 60?
Yes, Ipswich Building Society remortgaging options for the over 60s are 5.31% AER fixed.
Does the Ipswich Building Society offer mortgage calculators for the over 60s?
Yes, an Ipswich Building Society mortgage calculator over 60 will show 5.31% APR fixed for life.
Does Ipswich Building Society do an RIO mortgage for people in their 60s?
Yes, Ipswich Building Society RIO mortgages for homeowners over 60 are 5.31% APRC variable.
Does Ipswich Building Society offer a retirement interest only mortgage for homeowners over 60?
Yes, Ipswich Building Society retirement interest-only mortgages for over 60s are 5.31% APRC fixed.
Last updated: January 24, 2025 at 6:50 am
Updated: 53 day(s) ago
Today's date: March 18, 2025
Remaining days in the month: 13 day(s)
| Property Metric | Value |
|---|---|
| Equity Release Over 55 | 4.61% |
| Retirement Interest Only Mortgage (RIO) Income Required | 4.43% |
| Interest Only Lifetime Mortgages | 4.53% |
| Standard UK Residential Mortgage 2 Year Fixed | 4.34% |
| Standard UK Residential Mortgage 5 Year Fixed | 4.21% |
| Adverse Credit UK Residential Mortgage 2 Year Fixed | 5.06% |
| Adverse Credit UK Residential Mortgage 5 Year Fixed | 4.92% |
| Homeowner Loans | 6.56% |
| Bad Credit Secured Loans | 9.67% |
| Prime Car Finance | 4.58% |
| Bad Credit Car Finance | 7.59% |
| Average Number of Days for a House Sale to Complete | 101 |
| Average UK House Price | £293000 |
| Average UK House Price Per Square Foot | £266.36 |