4.79% Fixed Equity Release Key Retirement Solutions with a Free Valuation

• Remove money from your property with Equity Release Key Retirement Solutions
• Not necessary to make monthly payments
• Free valuations
• Help your family with the cash you release
• Continue to live in your own house
• It can be a vehicle to reduce tax bills

Equity release loan to value?

You can get 70% of your home’s valuation. For example, if your house is worth £340000, you can borrow £238000.

Testimonials and Example Cases

Mrs Shaw from Lancaster

I had an interest-only mortgage with Birmingham Midshires. The mortgage ended 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.

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 meagre interest rate close to 2% and competitive with regular mortgages you would get by providing income. I have saved a lot of tax.

Sandra from Manchester

I got an 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.

Mr Williamson from Chiswick

My son is a chef in a care home. He is not well paid. No way his bank would lend him the money to buy a flat. My equity release let him put a substantial deposit down, so his mortgage was minimal. My equity release interest rate was close to the interest rate offered by his bank.

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 to be born 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.

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.

Mrs L from Nottingham

I had to pay a valuation and solicitor fees but no lender or broker fees for my 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 do not need to move from home.

Ms G from Dover

I divorced my husband, who was a violent alcoholic. I feared losing my home as I sometimes looked after my daughter’s children. Equity release enabled me to pay off my ex and stay secure in my house.

Equity Release LTV is similar to Equity Release Key Retirement Solutions

• 50% home reversion schemes Maximum cover Equity Release
• 45% loan to value home reversion schemes Stonehaven Mortgage
• 30% loan to value (LTV) monthly payment lifetime mortgage Beverley
• 45% loan to value home reversion schemes Stonehaven
• 30% loan to value lifetime mortgage with flexible drawdown cash release Evolution Money
• 60% loan to value lump sum lifetime mortgages 1st Stop Home Loans
• 45% loan to value lifetime mortgage with adjustable drawdown cash release Vida
• 25% loan to value home reversion plans United Trust Bank

The lender will want to know if the property is a freehold house or a leasehold flat with a share of freehold and if the resident is an owner-occupied primary residence.

Providers for Equity Release

• Key Solutions
• Prudential
• Lifetime Mortgage from L&G
• Equity Release Key Retirement Solutions

Pitfalls of Equity Release Key Retirement Solutions

Lumpsum lifetime mortgages can reduce your estate value. Home reversion plans may impact the ability to claim entitlements. You may need to pay a legal fee and could be exposed to changes in interest rates with some products.

It is usual to discover people seeking out lump sum lifetime mortgages, lump sum lifetime mortgages or interest-only lifetime mortgages; however, the Telegraph, like AIG Life, are keen to see paperwork to show your situation in the form of pension statements.

Wealthy business owners who could benefit from Equity Release Key Retirement Solutions estate planning

• Manufacture of cordage, rope, twine, and netting Cinderford
• Renting and leasing of recreational and sports goods in Brixham
• Manufacture of agricultural tractors Accrington
• Activities of conference organisers St Columb Major
• Manufacture of hollow glass Southam
• Manufacture of other special-purpose machinery n e c Ripley
• Repair of footwear and leather goods in Maldon
• Retail sale via mail order houses or Internet Newton-le-Willows
• Agents involved in the sale of furniture, household goods, hardware, and ironmongery Sandhurst
• Distribution of electricity Bognor Regis
• Growing of sugar cane Winsford
• Retail sale of automotive fuel in specialised stores in Surbiton
• Letting and operating of conference and exhibition centres Sedgefield
• Pre-press and pre-media services in Halifax
• Activities of property unit trust Edgware
• Operation of warehousing and storage facilities for air transport activities in Bentham
• Recovery of sorted materials Crowborough
• Freshwater fishing Ferndown

Hard-to-finance property variants include Timber-framed properties constructed post-1965, properties with spray foam insulation applied to the underside of the roof, sizeable concrete panel systems, studio flats outside the M25 and basement or lower ground floor flats without level access to private or communal garden space.

Tough-to-finance home titles can include grade ll Listed houses (grade C in Scotland and B2 in Northern Ireland), properties with grounds over five acres, grades l and ll* Listed Buildings in England & Wales (Grades A and B in Scotland; A, B+ and B1 in Northern Ireland), properties with flying or creeping freeholds which comprise over 15% of the total floor area 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.

More to life

One Family Drawdown Lifetime Mortgages

Canada Life Retirement Mortgages

Challenging to finance home variants include properties will be assessed for flood risk, leasehold properties with a short lease, typically less than 70 years, or a defective lease, some properties with sitting tenants or regulated tenancies, corrugated iron construction and Reema Hollow panel, Schindler and Hawksley SGS, Stent, Stonecrete, Stour, Tarran, Underdown, Unity and Butterley, Waller, Wates, Wessex, Winget and Woolaway.

Lifetime Mortgage

Diving Deep into Lifetime Mortgages

A popular equity release product, lifetime mortgages allow homeowners to unlock their property’s value without selling.

Rate Implications

Given the loan is typically repaid from the property’s sale, usually after the owner’s passing, rates can be influenced by age, health, and property valuation.

One Family Drawdown Lifetime Mortgages

Equity Release Loan To Value Equity Release Key Retirement Solutions

The more aged you are and the more serious your illnesses are, the more money you can release.

Towns in the UK where Equity Release Key Retirement Solutions are common

• Swanage
• Wadhurst
• Sturminster Newton
• Earby
• Wimborne Minster
• Eccles
• Winterton
• Brading
• Bognor Regis
• Windermere
• Swanage
• Swanley
• Haltwhistle
• Eye

• Nationwide Mortgages for over 60s Retirement Mortgages Reviews
• Barclays Retirement Interest Only Mortgage Comparison
• Halifax Equity Release Plan

Understanding Equity Release Rates

Equity release products have become increasingly popular in the UK, especially amongst the older generation. They provide a flexible way to tap into property wealth without the need to move home. Here, we’ll delve into the specifics of equity release rates, highlighting the various products available for different age groups and the critical considerations for each.

Mortgages Over 55

Basics of Mortgages for Those Above 55

Once homeowners reach age 55, they may start considering financial products tailored to their age group. These are often designed with more flexible criteria given the age and likely retirement status.

Benefits

One of the main benefits is the potential for lower monthly payments or even interest roll-ups, given the shorter loan term compared to standard mortgages.

Considerations

The age factor may influence the interest rate, with the potential for higher rates due to the perceived increased risk by lenders.

Mortgages Over 60

Key Features of Mortgages Over 60

As individuals approach retirement, there are still mortgage products available. The main advantage is the ability to tap into home equity.

How Rates Are Determined

Rates might be influenced by retirement income, overall health, and the loan-to-value ratio of the property.

Mortgages Over 65

Financial Flexibility for those Over 65

Given the proximity of the onset of retirement, these products may come with specific features like longer terms or interest-only options.

Benefits and Drawbacks

A primary advantage is financial flexibility during retirement, while a potential drawback is the accumulation of significant interest if not appropriately managed.

Mortgages Over 70

What to Expect in Mortgages Over 70

The products in this category cater to a retired demographic, ensuring that financial options remain even in advanced age.

Factors Influencing Rates

Life expectancy, property value, and other assets can play a role in determining rates for this age group.

Mortgages Over 75

Mortgage Options for the Elderly

While not as expected, mortgage products are still designed for those over 75, often with specialized terms and conditions.

Rate Determinants

Given the advanced age, these mortgages might come with higher rates or specific lending criteria.

Retirement Remortgages

Overview of Retirement Remortgages

Retirement remortgages offer options to refinance existing loans, often to take advantage of better rates or release equity.

Factors Affecting Rates

The loan amount, property value, and the retiree’s age and health can influence the rates available.

Pensioner Remortgage

Understanding Pensioner Remortgages

Designed specifically for those on pensions, these remortgage options consider the fixed-income nature of pensioners.

Benefits

Potential for lower rates and the ability to manage monthly finances more effectively.

• Lloyds Lifetime Mortgage
• Tipton & Coseley Mortgage Maximum Ltv
• Best Mortgages For Over 50s Retirement Mortgage Loan

Release Equity

Basics of Releasing Equity

This broad term refers to any method homeowners use to access the funds tied up in their property.

Methods to Release Equity

These can range from remortgaging and downsizing to taking out an equity release product.

• Bad Credit Mortgage Loan
• Natwest Lifetime Mortgage Over 55
• Nationwide Equity Release Mortgage

Equity Release

Equity Release Products and Rates

Equity release refers to a range of products allowing homeowners to access their property’s value. The rates depend on the product type, age, property value, and other criteria.

Popular Equity Release Products

Products like lifetime mortgages and home reversion plans dominate this space.

• YBS Lifetime Mortgage No Payments
• Lloyds
• Nationwide Lifetime Mortgage Fixed Rate

RIO Mortgage

Exploring Retirement Interest Only (RIO) Mortgages

RIO mortgages allow retirees to make interest-only payments, with the principal amount typically repaid through the property’s sale.

• Natwest Retirement Mortgage Home
• Lloyds Bank Equity Release On Second Homes
• Nationwide Retirement Mortgage Loan

Features and Rate Factors

These mortgages often come with competitive rates influenced by age, property’s LTV ratio, and prevailing market conditions.

Navigating the world of equity release rates requires understanding the diverse products available, mainly as they cater to different age groups. With the proper knowledge, homeowners can make informed decisions that align with their financial goals and retirement aspirations.

• Age Partnership Loan
• Natwest

Do Key Retirement Solutions do Equity Release?

Yes, Key Retirement Solutions Equity Release is 2.26% APR.

Hard-to-finance home types include homes requiring essential repairs, age-restricted properties, leasehold properties (England, Wales, Northern Ireland) subject to a lease length of 160 years, commonhold properties and properties with owned solar panels.

Do Key Retirement Solutions do Pensioner Mortgages?

Yes, Key Retirement Solutions Pensioner Mortgages are 1.92% MER.

Some of the most popular loans to values of Virgin Money are lifetime mortgages for over 60s, Shepherds Friendly pensioner mortgages for over 70s, Churchill interest-only mortgages for those over 60s near London, Principality Building Society retirement interest-only mortgages over 60, West Bromwich Building Society mortgages for over 50-year-olds and Cumberland Building Society help to buy for over 60s are 50%, 60% and 70%.

Common loan-to-value ratios of LVE mortgages for 60-year-olds, More to Life later life interest-only mortgages over 60, One Family mortgages for those over 65, Yorkshire Building Society interest-only mortgages for those over the 60s, Principality Building Society lifetime mortgages for those over 55s and Axa over 60-lifetime mortgages are 50%, 55% and 70%.

Does Key Retirement Solutions offer Retirement Mortgages?

Yes, Key Retirement Solutions Retirement Mortgages are 2.26% MER.

Some of the most popular loan-to-value ratios of Lloyds Bank later life interest-only mortgages over 70, Barclays Bank over 60 lifetime mortgages no fees, Post Office retirement mortgages over 60, Legal and General RIO mortgages over 75, RBS mortgages over 65 and Nationwide later life interest-only mortgages over 70 are 50%, 55% and 65%.

Do Key Retirement Solutions Do Equity Release Under 55?

Yes, Key Retirement Solutions Equity Release Under 55 is 2.14% APRC.

• More 2 Life Tailored Choice Plan
• Just retirement-defined benefit
• L&G Legal & General Premier Flexible Lifetime Mortgage
• Liverpool Victoria LV= Flexible Lifetime Mortgage
• Nationwide Equity Release
• TSB Equity Release
• NatWest Equity Release
• Equity Release Key Retirement Solutions
• Bridgewater Lifetime Mortgage
• Equity Release Key Retirement Solutions
• Hodge Lifetime Mortgage Flexible Drawdown Plan
• Liverpool Victoria LV= Lump Sum Plus Lifetime Mortgage
• More to Life Tailored Choice Plan
• Pure Retirement Equity Release Plans
• Stonehaven Equity Release Scheme
• Equity Release Schemes
• Lloyds Bank Lifetime Mortgage
• Royal Bank of Scotland Equity Release
• Liverpool Victoria LV= Lump Sum Plus Lifetime Mortgage
• Nationwide Interest Only Lifetime Mortgage
• TSB Lifetime Mortgage
• Equity Release Key Retirement Solutions
• Canada Life Lifestyle Lite Flexi
• More to Life Capital Choice Plus Plan
• Pure Retirement Equity Release
• Stonehaven Lifetime Mortgage
• Saga Lifetime Mortgage

Many of the most appealing retirement finance offerings include Lloyds Bank mortgages for 60 plus, Barclays Bank mortgages for people 60 plus, Halifax equity release schemes, Legal & General mortgages for those over 60s and Nationwide pensioner mortgages.

Do Key Retirement Solutions do Lifetime Mortgages?

Yes, Key Retirement Solutions does lifetime mortgages at 1.8% APR. Key Retirement Solutions Lifetime Mortgages can have an LTV of 55%.