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Liverpool Victoria Lifetime Mortgage 4.84% MER

Liverpool Victoria Lifetime Mortgage

  • Release tax-free money from your house with a Liverpool Victoria Lifetime Mortgage
  • No regular monthly payments
  • Use the money you release for anything you like
  • Stay living in your own property for as long as you like

How much cash can I borrow?

You can get 65% of your property’s value. For example, if your home is worth £230,000 you can get £149,000.

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  • Please enter a number from 30000 to 100000000.
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Concise Finance Customer Reviews


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.


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.

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.


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.


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 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 made it possible for them to get a very good mortgage deal, especially one son who is not well paid.

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.


Julia A

My mother has dementia. With my solicitor and my power of attorney, I got an equity release on my mother’s house to pay for specialist modifications for her comfort.

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  • Please enter a number from 4000 to 20000000.
  • Leave blank if no mortgage outstanding
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Southfields House
Access home equity

Equity Release percentages of your current property value

The more aged you are and the unhealthier you are the more money you can release.

It is often found to discover individuals looking for lifetime mortgages with flexible drawdown cash release, lumpsum lifetime mortgages or home reversion schemes, however, Sunlife Plans like The Exeter Equity Release are keen to see proof of your personal circumstances in the form of investment statements.


Equity Release LTV Percentages

  • 55% monthly payment equity release Royal London Equity Release
  • 60% loan to-value (LTV) lifetime mortgage with flexible drawdown cash release Age Concern
  • 30% loan to value home reversion plans 1st Stop
  • 55% loan to value (LTV) monthly payment lifetime mortgage Sunlife Plans
  • 40% LTV monthly payment lifetime mortgage Pure Retirement
  • 25% loan to value (LTV) monthly payment equity release Shawbrook
  • 25% loan to value monthly payment lifetime mortgage, Hodge
  • Aviva Equity Release
  • Canada Life Lifestyle Gold Flexi
  • Equity Release
  • TSB Lifetime Mortgage
  • NatWest Equity Release Plans
  • Royal Bank of Scotland Equity Release Schemes
  • Age Partnership Interest Only Lifetime Mortgage
  • Lloyds Bank Equity Release Plans
  • Just retirement equity release key features
  • L&G Legal & General Flexible Max Plus
  • Liverpool Victoria LV= Lump Sum Plus Lifetime Mortgage
  • Interest Only Lifetime Mortgage
  • Lloyds Bank Equity Release Schemes
  • Bridgewater Equity Release Plans
  • Hodge Lifetime Flexible Drawdown Plan
  • L&G Legal & General Premier Flexible Lifetime Mortgage
  • Pure Retirement Classic Drawdown Lite Plan
  • Equity Release Schemes
More to life  - Flexi Choice Lite
OneFamily lifetime mortgage

Does Liverpool Victoria offer Equity Release?

Yes, Liverpool Victoria Equity Release is 2.27% APRC.

More to life  - Capital Choice Plan
Legal & General - Flexible Pink

Lifetime Mortgage Insights for Seniors

Navigating through the myriad of financial options available to those over 60 and 70 can be a daunting task. One of the main topics in the realm of senior financing is understanding lifetime mortgage interest rates and navigating through the complex world of equity release.

Decoding the Essence of a Lifetime Mortgage

A lifetime mortgage is a type of mortgage where homeowners over 55 unlock a portion of their home’s equity (the property’s market value minus any mortgage) without moving out. The concept of a “mortgage for life” means, quite literally, a loan for life or a “lifetime mortgage,” which does not need to be repaid until the homeowner either passes away or moves into long-term care. But what is it that truly delineates a lifetime mortgage, and why does it pique the interest of those in their later years?

The Mechanics of Lifetime Mortgages

With a variety of types, such as LV lifetime mortgages or LV equity release, and another one from Just Lifetime Mortgage, there are several options to explore. One might opt for a lump-sum lifetime mortgage, which provides the borrower with a one-time, lump-sum payment. This approach, while providing substantial immediate funds, also allows the interest to “roll up” over the duration of the mortgage, potentially eroding the remaining equity in the home.

The Different Shades of Lifetime Mortgages

In a flexible lifetime mortgage, on the other hand, one can often draw down funds as needed, providing more control over the interest accumulation. This type of mortgage may allow ad-hoc withdrawals, enabling homeowners to manage their debt proactively and efficiently.

Enhanced Lifetime Mortgages

An enhanced lifetime mortgage may be available to those with certain health conditions or lifestyle choices that may shorten life expectancy. The offerings, such as an “enhanced lifetime mortgage,” provide a higher maximum lending amount or potentially a lower interest rate due to the presumed shorter loan duration.

Addressing the Elephant in the Room: Equity Release

Navigating through the mechanisms of equity release, especially for those over 70, presents its unique challenges and opportunities. Equity release provides a means to access the home’s stored financial value without necessitating a move.

Liverpool Victoria Equity Release and Beyond

Equity release encompasses a range of products, including those from major providers such as LV equity release. Liverpool Victoria, often abbreviated to LV, has been one of the players in this domain, providing an array of options like equity release for advisers and varied plans for seniors.

Opting for an LV Equity Release with interest roll up

With an equity release LV plan, the homeowner can often choose to receive the funds as a lump sum or, alternatively, as smaller, regular amounts. One family lifetime mortgage or similar products might also be considered to facilitate flexible drawdowns of money.

Understanding Interest Accumulation with Equity Release after a mortgage lump sum payment

“Roll up interest” is a term often encountered in the equity release sphere. It refers to the interest on the loan being added to the total loan amount, meaning the homeowner doesn’t make regular interest payments.

Rolling Up Interest: A Detailed Look

While this allows for a debt-free lifestyle in the short term, it also means the debt can quickly grow over time as the interest compounds, impacting the equity remaining in the property and thus, the inheritance potential.

The Inheritance Conversation for a Later Life Mortgage

A crucial aspect of the equity release dialogue is considering inheritance. The prospect of inheriting a house with equity release may present a mixed bag of financial outcomes for beneficiaries.

Equity Release and Inheritance Protection to consider when studying the lifetime mortgage interest rates uk

Some plans allow for an “equity release inheritance protection” feature to safeguard a percentage of the home’s future value for loved ones. The Lifetime mortgage advice often underscores the importance of discussing the potential impact on inheritance upfront, ensuring transparency and setting accurate expectations among family members.

Can You Pay Back Equity Release Early?

The thought might often occur: Can I pay off the equity release early? Yes, it’s possible, but it may come with substantial early repayment charges. It’s vital to assess the long-term implications and costs of paying off equity release early and explore various equity release repayment methods before proceeding.

The Complications of Early Repayment with a life time mortgage

The need for a clear understanding of the clauses and implications related to paying off the released equity early is crucial. Always be sure to deep-dive into your specific plan’s conditions and evaluate the financial implications before making any repayment decisions.

Navigating through the complex terrain of lifetime mortgages and equity releases necessitates a solid understanding of each product, from various lifetime mortgage providers and the nuances therein. This knowledge, coupled with insightful advice, can enable a more secure, financially stable retirement, while also managing the balance between accessing the wealth tied up in your home and preserving potential inheritance for loved ones.

This text covers a significant amount of information but, as always, it’s crucial to seek

professional financial advice tailored to individual circumstances before making any decisions.

The Multifaceted World of Retirement Remortgages and a Lifetime Mortgage Uk

Why Retirement Remortgages are Gaining Traction

As individuals age and their financial needs evolve, many are looking towards remortgaging options in retirement. Retirement remortgages, or pensioner remortgages, cater explicitly to those in their later years, allowing homeowners to refinance their current mortgages, potentially with better terms or to release more equity from their homes.

Remortgage Equity Release Calculator: A Handy Tool

Tools such as remortgage equity release calculators have emerged as invaluable for those contemplating this path. By inputting various details, homeowners can get a ballpark figure of how much equity they can release, assisting in informed decision-making.

The Pros and Cons of Pensioner Remortgages and mortgages for life

One of the significant benefits of a pensioner remortgage is the ability to tap into increased home equity, especially if the property value has risen over the years. However, as with all financial products, it’s crucial to weigh the benefits against the potential downsides, like extended loan terms or possible higher interest rates.

The RIO Mortgage: A Closer Look

RIO mortgages, or retirement interest-only mortgages, have surfaced as an alternative to traditional equity release schemes and lifetime mortgages.

Basics of a RIO Mortgage

Unlike standard repayment mortgages, where the borrower pays off a bit of the capital and interest each month, with a RIO, only the interest is paid monthly. The capital is repaid when the property is sold, typically when the homeowner moves into care or passes away.

RIO Mortgages vs. Lifetime Mortgages

While they might seem similar on the surface, RIO mortgages have distinct differences from lifetime mortgages. The most notable is the monthly interest payments in RIO mortgages, ensuring the loan amount doesn’t increase over time. This feature can be especially appealing to those with a steady retirement income.

Understanding Mortgages Over 55 and Beyond Equity Release LV

Mortgages Over 55

While many might assume mortgages are primarily for the young, a growing number of lenders are catering to those aged 55 and up. These mortgages can be particularly advantageous for those looking to downsize, move closer to family, or even purchase a retirement dream home.

Factors to Consider with roll up interest

As always, age can influence the loan’s terms. Lenders might stipulate shorter loan durations based on age, ensuring the mortgage is paid off within the borrower’s anticipated lifetime.

Advancing Age: Mortgages Over 60, 65, 70, and 75

As homeowners advance in age, the considerations around mortgages change. For those over 60 or even 65, there might be concerns about loan durations, interest rates, and the ability to meet monthly repayments with post-retirement income. When venturing into the realm of mortgages over 70 or 75, these concerns become even more pronounced. However, with the rising age of retirement and healthier, longer lives, lenders are becoming more adaptable, offering products tailored to this demographic.

Adaptable Lending for Seniors

Financial institutions have started to recognize the potential in lending to older age groups, given the equity many seniors have in their homes and the increasing need for financial flexibility in retirement. This shift has led to a rise in products tailored to these age groups, from mortgages over 75 to specific retirement remortgages and even RIO mortgages.

In wrapping up, the landscape of mortgages and equity release for seniors in the UK is vast and ever-evolving. From understanding the intricacies of lifetime mortgages to navigating the newer waters of RIO mortgages, it’s evident that financial solutions are expanding to cater to an ageing population. As always, prior to delving into any mortgage or equity release product, it’s paramount to seek out professional advice to ensure it aligns with personal financial goals and circumstances.

Downsides of Liverpool Victoria Lifetime Mortgage Plans

Home reversion plans can reduce the inheritance for your family. Lifetime mortgages with flexible drawdown cash release may impact the ability to get state benefits. You may need to pay a solicitor’s fee and you could have higher rates to pay with some schemes.

Does Liverpool Victoria offer Pensioner Mortgages?

Yes, Liverpool Victoria Pensioner Mortgages are 1.96% MER.

Small business owners detail likely with equity to release from their homes

  • Manufacture of gas Callington
  • Glazing St Ives
  • Retail sale of carpets, rugs, wall and floor coverings in specialised stores Waltham Cross
  • Manufacture of watches and clocks in Halifax
  • Residential Nursing Care Facilities Battle
  • Child day-care activities Thornaby-on-Tees
  • Activities of construction holding companies Edenbridge
  • Manufacture of agricultural tractors Great Torrington
  • Production of meat and poultry meat products Aylesbury
  • Retail sales in commercial art galleries in Fakenham
  • Financial intermediation not elsewhere classified Minchinhampton
  • Other food services Romsey
  • Operation of warehousing and storage facilities for water transport activities Pocklington
  • Manufacture of industrial gases Helmsley
  • Remediation activities and other waste management services Cheltenham
  • Manufacture of sugar confectionery Driffield
  • Manufacture of malt Canvey Island
  • Manufacture of oils and fats Wood Green

Just Drawdown Lifetime Mortgages

Does Liverpool Victoria offer Retirement Mortgages?

Yes, Liverpool Victoria Retirement Mortgages are 1.92% APR.


Towns of the UK where a Liverpool Victoria Lifetime Mortgage is routine

  • Droitwich Spa
  • Southwold
  • Coggeshall
  • Bradley Stoke
  • Askern
  • Wellington
  • Bushey
  • Whitworth
  • Carlton Colville
  • Cinderford
  • Cotgrave
  • Midhurst
  • Ludgershall
  • Patchway
  • Altrincham
  • Market Weighton
  • Grange-over-Sands

Does Liverpool Victoria do Equity Release Under 55?

Yes, Liverpool Victoria Equity Release Under 55 is 1.88% APR.

The mortgage 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 owner-occupier.

Equity Release Scheme Providers similar to Liverpool Victoria Lifetime Mortgage – top equity release companies UK

  • More to life
  • Santander
  • Just Retirement
  • New Life

Does Liverpool Victoria offer Lifetime Mortgages – whats a lifetime mortgage?

Yes, Liverpool Victoria does lifetime mortgages at 2.15% MER. Liverpool Victoria Lifetime Mortgages have a loan to value (ltv) of 60%.

Does Liverpool Victoria do a retirement remortgage for retired homeowners over 60?

Yes, Liverpool Victoria retirement remortgages for over 60s are 3.83% AER fixed.

Does Liverpool Victoria do pensioner remortgages for over 60s?

Yes, a Liverpool Victoria pensioner remortgage for homeowners over 60 is 3.31% MER fixed.

Does Liverpool Victoria do a later life remortgage for people over 60?

Yes, Liverpool Victoria later life remortgages for over 60s are 3.81% APRC fixed.

Does Liverpool Victoria do the best remortgage for retired homeowners over 60?

Yes, Liverpool Victoria’s best remortgages for retired for over 60s are 3.77% MER variable.

Does Liverpool Victoria offer a remortgaging option for pensioners over 60?

Yes, Liverpool Victoria remortgaging options for over 60s are 3.39% APR variable.

Does Liverpool Victoria do a mortgage calculator for retired homeowners over 60?

Yes, Liverpool Victoria mortgage calculators for over 60s shows 3.99% APR fixed for life.

Does Liverpool Victoria do a RIO mortgage for homeowners over 60?

Yes, Liverpool Victoria RIO mortgages for the over 60s are 3.84% MER fixed.

Does Liverpool Victoria do a retirement interest-only mortgage over 60?

Yes, Liverpool Victoria retirement interest only mortgages for over 60s are 3.94% APR fixed for life.

Mortgages Over 55: Exploring the Landscape

As the baby boomer generation moves into retirement age, the demand for mortgage products tailored to this demographic is increasing. Mortgages over 55 are specifically designed to cater to those who might be eyeing their retirement but still have financial needs connected to housing.

The Appeal of Mortgages Over 55

With life expectancy on the rise and a shift in the retirement paradigm, individuals over 55 are increasingly looking at remortgaging options. The primary reasons include consolidating debts, downsizing, home improvements, or even helping younger family members step onto the property ladder.

Challenges and Considerations

The main challenge for those seeking mortgages over 55 lies in satisfying the lending criteria, particularly around proving they can keep up with repayments post-retirement. As a result, the borrower’s pension, savings, and investment income can all come under scrutiny.

Mortgages Over 60 and Beyond – inheriting a house with equity release

Mortgages Over 60: Not the Finish Line Yet

With the traditional idea of retirement being redefined, many over 60 are not ready to hang up their work boots. This demographic might require refinancing options to adapt to changing lifestyles, be it a desire to travel or to embark on new ventures.

Benefits and Barriers of mortgages over 75 years old

The equity built up over years can be substantial, potentially offering more favourable loan-to-value ratios. However, the loan term duration might be shorter, given the age factor.

Heading Towards Traditional Retirement: Mortgages Over 65

For those approaching or within the traditional retirement age, the primary motivation behind seeking a mortgage is often equity release. This can fund home renovations, support family members, or even facilitate a more comfortable retirement lifestyle.

Mortgages Over 70 and 75: Navigating the Golden Years

While once an anomaly, mortgages over 70 and even 75 are becoming more prevalent in today’s market, reflecting the changing socio-economic dynamics.

Why the Surge in Popularity?

Longer life expectancies, healthier lifestyles, and a desire for financial independence are driving this trend. Equity tied up in property can be a significant source of funds, and releasing it can offer a financial cushion in the later years.

Factors to Ponder

The primary consideration here is the interest rate. Given the shorter loan term, the monthly repayments can be higher. It’s crucial to evaluate if these can be met with a post-retirement income.

Delving into Retirement Remortgages

Retirement remortgages allow those in their golden years to refinance their current property, possibly under more favourable terms or to access a more significant portion of their property’s equity.

Unlocking the Potential

For many, their home is their most significant asset. A retirement remortgage can transform this dormant equity into liquid capital, which can be instrumental in enhancing the quality of life during retirement.

The Double-Edged Sword

While the benefits are tangible, it’s vital to be aware of potential pitfalls. Extending the mortgage term can mean more interest paid over the loan’s lifetime, impacting the inheritance left for heirs.

Pensioner Remortgage: Tailored Solutions

Specifically designed for pensioners, these remortgage options take into account the unique financial landscape of those in retirement.

Adaptable and Flexible

Given the varied income sources in retirement, from pensions to investments, these remortgage options are crafted to be more adaptable, often offering features like longer interest-only periods.

Pensioner Perks and Pitfalls

The main perk is the potential for favourable interest rates, given the significant equity at play. However, the challenge lies in ensuring that the monthly repayments, even if minimal, are sustainable in the long run.

Lifetime Mortgage: An Overview

A lifetime mortgage is a type of equity release scheme, allows homeowners to borrow money against their property’s value while retaining ownership.

How It Works

The homeowner borrows a portion of their home’s value, with the interest rolling up over time. The loan and the accumulated interest are paid back upon the sale of the property, typically when the homeowner moves into care or passes away.

Key Features

The standout feature is that there are typically no monthly repayments. The interest compounds and the loan amount grows over time. This can be a boon for those seeking financial relief without monthly commitments, but it’s essential to understand the long-term implications.

Release Equity: Turning Assets into Liquid Capital

Equity release schemes, such as lifetime mortgages or home reversion plans, allow homeowners to tap into their property’s value without having to sell.

The Attraction of Equity Release

The primary allure is accessing a tax-free lump sum, regular income, or both, all while retaining the right to live in the property.

Is It Right for Everyone?

Equity release can be a lifeline, but it’s not a one-size-fits-all solution. It’s vital to weigh the benefits against potential downsides, such as a reduced inheritance for heirs or the compounding interest effect on the loan amount.

RIO Mortgage: A New Kid on the Block

Retirement Interest Only (RIO) mortgages offer an alternative to traditional equity release schemes.

Unravelling the RIO Concept

With a RIO, homeowners make monthly interest payments, ensuring the loan amount remains constant. The capital is repaid, typically upon the sale of the property.

RIO vs. Traditional Equity Release

The significant difference lies in the monthly interest payments, which can be a more palatable option for those with a steady post-retirement income. This ensures the loan amount doesn’t spiral due to compounding interest.

In conclusion, the world of equity release rates and mortgages for those over 55 is vast and varied. From standard mortgages to more tailored solutions like retirement remortgages or RIOs, the market is responding to the needs of an aging population. As always, it’s imperative to seek professional advice to navigate this intricate landscape.