5.02% Liverpool Victoria Equity Release With Free Valuation

• Remove tax-free cash from your house
• It is not necessary to make regular monthly payments with Liverpool Victoria Equity Release.
• Use the money to keep another family member away from a high LTV mortgage
• Free valuation
• Stay living in your own property
• It could be used to help tax planning
• 5.02%

How much can I get?

You can borrow 70% of your home’s valuation. For example, if your home is valued at £260,000, you can borrow £182,000.

Customer Reviews

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.

William from London

My lawyer told me 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.

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.

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.

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.

Mr Williamson from Chiswick

My son is a chef in a care home. He is not well paid, and his bank would not 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 the interest rate offered by his bank.

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 reached 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. I spent £20,000 on a new bathroom and kitchen. I now know I can stay at home.

Mrs Shaw from Lancaster

I had an interest-only mortgage with Birmingham Midshires. The mortgage had reached 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 Smith from Kendal

My financial advisor told me I should get equity release and gift money to my five children now as it would save a massive amount of inheritance tax.

Mrs M from Birmingham

With no broker fees and no lender fees, I got an interest-only retirement mortgage, which I pay each month from my private pension. The money released went to my daughter for her wedding and a deposit for her next house. She wanted a family, and her flat was too small.

• steel construction houses Lifetime Mortgage Calculator
• Nationwide Retirement Mortgage Broker
• Age Partnership Reviews

Mortgages Over 55: A New Chapter in Financial Planning

For many, reaching the age of 55 marks a significant milestone. With retirement on the horizon, mortgages tailored for this age group have become a pivotal financial tool.

Why is the Demand for Mortgages Over 55?

In a society where life expectancy is increasing, and pension pots might not stretch as far as they once did, many seek to access the equity in their homes to ensure a comfortable retirement. The reasons are vast and varied, whether it’s for home improvements, travelling, or assisting the younger generation.

Benefits of Over 55 Mortgages

Such mortgages can offer flexibility, often with lower monthly repayments and the potential to borrow into retirement. They can also cater to those who may still have a mortgage to repay or wish to downsize to a more manageable property.

Mortgages Over 60: Bridging the Pre-Retirement Gap

The landscape of mortgages for people over 60 differs slightly from that for people over 55. With retirement imminent or already begun, financial requirements shift.

Remortgaging Over 60

As individuals cross the age of 60, remortgaging can become an attractive proposition. It can enable them to get better interest rates, consolidate debts, or even release more equity from their homes.

Challenges and Solutions

One primary concern is proving the means of repayment post-retirement. However, many lenders now consider various income sources, including pensions, investments, and rental incomes.

Exploring LV Mortgages Over 65

Often considered the cusp of traditional retirement age, mortgages over 65 are becoming increasingly prevalent.

The Equity Release Option

Equity release schemes, including lifetime mortgages, can be particularly appealing for this age group, providing a lump sum, regular income, or both without the need to move out.

Pros and Cons

The advantage lies in the immediate access to funds. However, it’s crucial to understand that the interest can compound over time, potentially eroding the inheritance one might leave behind.

Liverpool Victoria Mortgages Over 70: Navigating Late Retirement Financing

While a mortgage post-70 might seem unconventional, it’s a growing trend.

The Drive Behind Such Mortgages

For many, the motivation lies in assisting the younger generation, covering care costs, or even embarking on late retirement adventures.

Lending Criteria

Although the mortgage term might be shorter, lenders assess an individual’s overall financial health, including pension income, savings, and other assets.

LV Mortgages Over 75: Beyond the Conventional

With the boundaries of mortgages continually expanding, individuals over 75 are not left out.

Why Consider a Mortgage at This Age?

Beyond the standard reasons of equity release or property downsizing, some may seek a mortgage for estate planning purposes, ensuring their loved ones are cared for.

The Importance of Expert Advice

Given the complexities, getting professional advice is crucial to make informed decisions.

LVE Retirement Remortgages: A Fresh Perspective

For retirees, remortgaging can offer a means to better financial stability.

Unlocking Financial Potential

Retirement remortgages offer a world of possibilities, whether it’s to secure a better interest rate, release funds for investments, or manage existing debts.

Choosing the Right Deal

Factors such as interest rates, loan terms, and early repayment charges are vital in decision-making.

LV Pensioner Remortgage: Tailored for Post-Retirement

Crafted explicitly for pensioners, these remortgages offer flexibility and adaptability.

The Shift from Regular Mortgages

Unlike standard mortgages, pensioner remortgages often have features like longer interest-only periods or more lenient lending criteria.

Assessing Affordability

With varied income sources in retirement, ensuring the chosen remortgage is sustainable in the long run is essential.

Lifetime Mortgage: The Equity Release Powerhouse

A popular form of equity release, lifetime mortgages allow homeowners to borrow money against their property.

Understanding the Mechanism

The loan amount, plus any interest, gets repaid when the homeowner sells the property, moves into long-term care, or passes away.

Features and Flexibility

With no monthly repayments and the right to live in the property, it offers substantial flexibility, but the accumulating interest can increase the loan over time.

LV Release Equity: Turning Property into Prosperity

Equity release schemes are financial tools that let homeowners access the cash tied up in their homes.

Types and Tiers

From lifetime mortgages to home reversion plans, there are multiple avenues to explore.

Equity Release Implications

While they offer immediate financial relief, the long-term implications, especially concerning inheritance, should be considered.

Liverpool Victoria RIO Mortgage: The Retirement Interest Only Option

Retirement Interest Only (RIO) mortgages have become suitable for older borrowers. Unlike standard repayment mortgages, with RIO, you only pay monthly interest.

Who is a RIO Mortgage For?

An RIO mortgage, primarily targeted at retirees, allows borrowers who may not have a conventional means of paying off a loan in their retirement to continue mortgage payments. The loan itself is repaid when the property is sold.

Criteria for Approval

Approval often requires proof that the interest can be met through pension income or other consistent retirement inflows. Furthermore, the property’s equity typically should be substantial to ensure the loan can be repaid upon sale.

Benefits of RIO Mortgages

A RIO can offer peace of mind for retirees worried about repaying their mortgage or wanting to free up some monthly income. They can remain in their homes, maintain consistent monthly payments, and not be burdened with the compounding interest of some equity release schemes.

Considerations Before Opting for RIO

However, like all financial products, it’s essential to understand the implications fully. There’s the potential reduction in inheritance and the need to sell the property to repay the mortgage.

• Natwest Lifetime Mortgage Maximum Ltv
• Under 40 Equity Release From Property
• Natwest Retirement Mortgage House

Equity Release: A Financial Panacea for the Elderly?

For many elderly homeowners, the largest wealth they possess is tied up in bricks and mortar. Equity release schemes can be a lifeline, providing an avenue to tap into this wealth without selling the property.

How Does Equity Release Work?

Through equity release, homeowners can borrow against the value of their home or sell a portion of it while continuing to reside in the property.

The Compound Interest Factor

A primary consideration is how interest is managed. With many equity release products, interest compounds over time, meaning the total amount owed can proliferate.

• Under 50 Equity Release Loan
• Best Mortgages For Over 50s Retirement Mortgage Interest Rate
• Yorkshire Building Society Lifetime Mortgage Calculator

Types of Equity Release Plans

There are mainly two types: Lifetime Mortgages, which a loans against the home, and Home Reversion Plans, where a chunk of the property is sold to the provider in return for a lump sum or monthly payments.

Deciding What’s Best

Each type of plan has its advantages and disadvantages. Factors such as age, property value, and how much money is needed upfront can influence the best choice.

• Nationwide Equity Release Interest Rates
• Nationwide Bank Over 60 Retirement Mortgages Interest Rate
• Overhead pylons Equity Release From House

Retirement Remortgages: Refinancing in the Golden Years

Retirement doesn’t mean the end of mortgage options. Refinancing can be a smart move for many retirees.

Why Remortgage in Retirement?

There are various reasons, from better interest rates to freeing up cash for other ventures. With property prices rising significantly over the years, many retirees find themselves asset-rich but cash-poor.

Challenges and Overcoming Them

The main challenge is the changed income structure. Given the fixed nature of retirement incomes, lenders might be cautious. However, many retirees successfully remortgage by demonstrating consistent pension inflows and other assets.

• Natwest Equity Release Retirement
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• Bad Credit Mortgage Interest Only

Pensioner Remortgage: A Closer Look

As the name suggests, these are remortgages designed explicitly for pensioners.

Features of Pensioner Remortgages

These remortgages often offer features tailored to pensioners, such as longer interest-only periods, flexible repayment structures, and potentially lower rates.

• Barclays Retirement Interest Only Mortgage Fixed Rate
• Tipton & Coseley Mortgage Interest Only Rates

Things to Consider

Pensioners must consider the long-term implications of remortgaging at an older age, including the loan’s duration, the impact on their estate, and monthly affordability.

Whether you’re over 55 or approaching 75, the mortgage market offers various products tailored to meet the unique needs of older borrowers. However, the key lies in thorough research, understanding the terms, and seeking professional advice to ensure that the chosen mortgage product aligns with individual financial goals and circumstances.

Equity Release Loan To Value similar to Liverpool Victoria Equity Release

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Liverpool Victoria Equity Release percentages of your current property value

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

Business owners who could benefit from equity release estate planning

• Manufacture of irradiation, electromedical and electrotherapeutic equipment Eye
• Growing of other non-perennial crops Newmarket
• Manufacture of agricultural tractors Appleby-in-Westmorland
• Manufacture of other chemical products n e c Southend-on-Sea
• Casting of iron Darlington
• Retail sale of tobacco products in specialised stores Medlar-with-Wesham

It’s usual to find individuals looking for lump sum lifetime mortgages, monthly payment lifetime mortgages or interest-only lifetime mortgages; however, Age Partnerships like LV Liverpool Victoria are keen to see proof of your personal circumstances in the form of investment statements.

Does Liverpool Victoria do Equity Release?

Yes, Liverpool Victoria Equity Release is 2.22% MER.

• Just Retirement Equity Release Schemes
• Liverpool Victoria LV= Flexible Lifetime Mortgage
• Pure Retirement Lifetime Mortgage
• NatWest Lifetime Mortgage
• Bridgewater Equity Release Schemes
• Canada Life Lifestyle Lite Flexi
• More to Life Capital Choice Plan
• L&G Legal & General Flexible Lifetime Mortgage
• Liverpool Victoria LV= Lump Sum Plus Lifetime Mortgage
• Lifetime Mortgage
• Lloyds Bank Lifetime Mortgage
• Saga home reversion plan
• Age Partnership Equity Release Plans
• Nationwide Equity Release
• NatWest Lifetime Mortgage
• Royal Bank of Scotland Interest Only Lifetime Mortgage
• Age Partnership Equity Release
• Bridgewater Lifetime Mortgage
• L&G Legal & General Flexible Lifetime Mortgage
• Pure Retirement Equity Release Schemes
• Stonehaven Interest Only Lifetime Mortgage
• Nationwide Equity Release Plans
• Lloyds Bank Equity Release

Does Liverpool Victoria do Pensioner Mortgages?

Yes, Liverpool Victoria Pensioner Mortgages are 2.12% MER.

Providers for UK Equity Release

• Liverpool Victoria Equity Release
• Stonehaven
• Bower

More to Life Equity Release

Pure Retirement Drawdown Lifetime Mortgages

Does Liverpool Victoria offer Retirement Mortgages?

Yes, Liverpool Victoria Retirement Mortgages are 1.8% APRC.

Just Drawdown Lifetime Mortgages

More to Life Equity Release

Does Liverpool Victoria offer Equity Release Under 55?

Yes, Liverpool Victoria Equity Release Under 55 is 1.98% APR.

Disadvantages of Equity Release Plans

Lumpsum lifetime mortgages can reduce your family’s inheritance. Home reversion plans may impact the ability to claim benefits. You may need to pay a valuation fee, and with some schemes, you could have higher rates to pay.

Towns of the UK where equity release is popular

• Scunthorpe
• Bourne
• Arlesey
• Wirksworth
• Ringwood
• Blackrod
• Royal Tunbridge Wells
• Wallingford
• Much Wenlock
• Greater Willington
• Bury St Edmunds
• Morecambe
• Westhoughton
• Henley-on-Thames
• Mildenhall
• Aldeburgh
• Horsham
• Windermere
• Sedbergh

The 1st and 2nd charge lender will want to know if the property is a Detached freehold house or a Leasehold flat with a share of freehold and if the resident is an Owner Occupier.

Tough-to-finance property titles include properties that will be assessed for flood risk, properties with any structural defect, damp, dry, or wet rot, some properties with sitting tenants or regulated tenancies, asbestos construction, and concrete frames.

Challenging to mortgage home variants include flats of less than 30 square metres in any location, properties with a large number/scale of outbuildings, properties with more than one annexe or self-contained part of the property, properties with mobile phone masts which are not within influencing distance of the house 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.

Difficult-to-mortgage property variants include eco houses and modern construction methods, properties with spray foam insulation applied to the underside of the roof, large concrete panel systems, coach houses, i.e. freehold properties with garages beneath, and privately developed flats in blocks of three or four storeys without a lift.

Difficult-to-mortgage home types can include homes requiring essential repairs, properties where the ownership is set up on a tenancy in everyday basis, right to buy – properties in Scotland, crofted houses and properties owned under any form of shared equity scheme.

Some of the most popular loan to value ratios of Virgin Money mortgages for over 65, Direct Line later life borrowing schemes over 55, Sainsbury equity release schemes for people over 70, Coventry Building Society mortgages for over 60s, Nottingham Building Society over 60 lifetime mortgages no fees and Cumberland Building Society mortgages for over 70s are 40%, 55% and 65%.

Some of the most popular LTV ratios of LVE mortgages for people 60 plus, More 2 Life retirement interest only mortgages over 60, One Family interest only lifetime mortgages for people over 60, YBS remortgages for people over 50 years old, Metro Bank interest only mortgages for over 70s and SunLife help to buy for over 60s are 35%, 60% and 65%.

Popular loan-to-values for Lloyds mortgages for 60-year-olds, Barclays equity release schemes for over 55s, Halifax later life mortgages for over 70s, Legal & General mortgages for pensioners over 60, Royal Bank of Scotland over 60 mortgages, and Nationwide Building Society pensioner mortgages over 60 are 45%, 55%, and 65%.

Appealing pensioner loan products are TSB retirement interest only mortgages, equity release schemes, Halifax remortgages for people over 50 years old, L&G later life interest only mortgages over 70 and Nationwide BS later life interest only mortgages over 70.

Does Liverpool Victoria do Lifetime Mortgages?

Yes, Liverpool Victoria does lifetime mortgages at 1.91% APRC. Liverpool Victoria Lifetime Mortgages have an LTV of 65%.