Compare L&G Equity Release with Paragon Banking Group

  • Legal & General Equity ReleaseRemove money from your home
  • No need to make regular monthly payments
  • Use the cash for anything you like
  • Stay living in your own property for as long as you like
  • Your Requirements

  • Please enter a number from 4000 to 200000000.
  • Please enter a number from 50000 to 10000000.

Recently completed mortgage, equity release and lifetime mortgage cases

RIO

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.

RIO

Mrs Shaw from Lancaster

I had an interest-only mortgage with Birmingham Midshires. The mortgage had come to the end of 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.
mr-g

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 a very good mortgage deal, especially one son who is not well paid.

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.

RIO

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

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 enabled him to put a substantial deposit down so his mortgage was very small. My equity release interest rate was close to his interest rate offered by his bank.

RIO

Sandra from Manchester

I got 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.

  • Your Requirements

  • Please enter a number from 4000 to 20000000.
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Southfields House
Home equity Tied Up
Southfields House
Homeowner in their 60s

It’s very regular to find people searching for home reversion plans, monthly payment lifetime mortgage or interest-only lifetime mortgages, however, Aviva like VitalityLife Equity Release are keen to see paperwork to show your personal situation in the form of pension statements.

Halifax Lifetime Mortgage

 

  • Canada Life Landlord Voluntary Select Plan
  • Just Retirement Drawdown Lifetime Mortgage
  • Stonehaven Equity Release
  • Lloyds Bank Equity Release Plans
  • Royal Bank of Scotland Equity Release Plans
  • More2Life Tailored Choice Plan
  • Hodge Lifetime Flexible Drawdown Plan
  • Stonehaven Interest Select Plan
  • Aviva Equity Release Schemes
  • Nationwide Equity Release Schemes
  • Royal Bank of Scotland Equity Release Plans
  • Hodge Equity Release Plans
  • Stonehaven Interest Only Lifetime Mortgage
  • HSBC Equity Release Plans

 

Towns where Lifetime Mortgages are routine

  • Ponteland
  • Stalbridge
  • Crowland
  • Colburn
  • Great Torrington
  • Chorley
  • Amesbury
  • Tidworth
  • Bourne
  • Wednesbury
  • Ashington
  • Heanor and Loscoe
  • Sandiacre

The 1st and 2nd charge lender will want to know if the property is a Detached freehold house or a Leasehold flat and if the resident is an Assured shorthold tenancy tenant.

Equity Release percentages of your current property value

  • 60% lumpsum lifetime mortgages Old Mutual Wealth
  • 55% loan to value interest-only lifetime mortgages Key Retirement
  • 45% loan to value (LTV) home reversion plans Stonehaven
  • 45% loan to value lifetime mortgage with flexible drawdown cash release Vida
  • 35% loan to value lump sum lifetime mortgages Foundation Home Loans

 

Lenders for UK Equity Release

  • Sunlife Plans
  • Prudential
  • More2Life
  • Aegon

More2Life Retirement Mortgages

One Family Retirement Mortgages

Pure Retirement Retirement Mortgages

Canada Life Mortgages

Halifax Lifetime Mortgage Over 55

Disadvantages of Equity Release Schemes

Monthly payment equity release can reduce the value of your estate. Monthly payment equity release may impact the ability to claim entitlements. You may need to pay a legal fee and you could be exposed to changes in interest rates with some products.

Equity Release Loan To Value

The more elderly you are and the more illnesses you have you are the more cash you can release.

Legal & General - Flexible Indigo

Legal & General Home Finance lifetime mortgage

Hodge Lifetime - Lump Sum Lifetime Mortgage

Canada Life - Lifestyle Gold

  • Other telecommunications activities Tottenham
  • Temporary employment agency activities Huddersfield
  • Support activities for crop production Skelmersdale
  • Manufacture of magnetic and optical media Stowmarket
  • Wholesale of china and glassware and cleaning materials Swaffham
  • Construction of railways and underground railways Dartmouth
  • Postal activities under universal service obligation Crewkerne
  • Activities of investment trust Royal Wootton Bassett
  • Production of meat and poultry meat products Littlehampton
  • Operation of historical sites and buildings and similar visitor attractions Amble
  • Risk and damage evaluation Newport
  • Other human health activities Alnwick
  • Manufacture of tubes, pipes, hollow profiles and related fittings, of steel Burton Latimer
  • Wholesale of musical instruments Rothbury
  • Manufacture of electrical and electronic equipment for motor vehicles and their engines Seaton
  • Retail sale of audio and video equipment in specialised stores Southend-on-Sea
  • Packaging activities Cannock
  • Manufacture of central heating radiators and boilers Northfleet

 

Equity Release calculator Spain

Lifetime Mortgage calculator Spain

Residential mortgage no proof of income Spain

European Non-Status mortgage lender