A new lender is available for equity release from Concise Finance, not available on the comparison sites, 2.23% MER rate with just a valuation fee and no other fees. No early redemption penalty. You can make monthly payments if you prefer.
- Lifetime mortgage products with a high loan amount
- Flexible drawdown lifetime mortgage equity release options
- Low-interest rates without lenders’ fees
- Use the equity from your home to get a lump sum payment without early repayment charges for property improvements.
- Keep your total exposure to UK property prices going up
- Help your family members with your cash reserve
- Get advice from an equity release advisor if it is wise to repay your credit cards.
How much cash can I borrow?
You can release 60% of your property’s value. For example, if your house is valued at £260000, you can borrow £156000.
Popular loan to value percentages of Lloyds Bank mortgages for over 70s, mortgages over 70s, Post Office interest-only mortgages for over 60s, Legal & General equity release schemes for over 55’s, Royal Bank of Scotland mortgages for 60 plus pensioners and Nationwide low overall cost interest only mortgages over 70 are 45%, 55% and 65%.
Appealing retirement finance offerings include Lloyds Bank pensioner mortgages, pensioner mortgages, Post Office mortgages over 70, L&G low-cost interest-only mortgages over 70 and Nationwide BS mortgages for 60 plus. Vida home loans have some excellent deals for people with certain circumstances.
Typical loan to value ratios of LVE help to buy for over 60s, More to Life interest-only mortgages for people over 60, OneFamily retirement mortgages for those over 65, Yorkshire Bank mortgages for 60 plus pensioners, Aldermore retirement interest only mortgages over 75 and Sun Life retirement mortgages over 60 are 35%, 55% and 70%. You may need to look at the overall cost plus interest and if you make repayments, it is an excellent idea to keep the cost down.
Some of the most common loan-to-value percentages of Virgin Money mortgages for people over 50, Shepherds Friendly retirement mortgages for over 70, Building Society interest-only mortgages for over 65-year-olds, Newcastle Building Society interest-only mortgages for over 65-year-olds, and Progressive Building Society mortgages for pensioners over 60 are 35%, 60% and 70%.
Concise Finance offers information about equity release loan products for people under 55 and over 55 years old.
Even if you still have a mortgage, we can help you release the tax-free money you need.
- Help your family buy their first home
- Have your dream holiday or buy a motorhome
- Get money to improve or extend your home
- Use finance to manage your estate or inheritance tax bill
- Pay down debts you have and supplement your income
Concise Finance has options available for people under 55 for equity release.
How much does equity release cost?
Equity release mortgages under 60 are debts secured against your home. You will likely need to pay off your existing mortgage in full if you have one. An equity release calculator will help you work out the costs, including broker fees, lender fees, solicitor fees, arrangement fees and valuation fees. These likely add up to several thousand pounds, which will probably be added to the loan.
- West Bromwich Building Society Lifetime Mortgage
- Cambridge Building Society Ely
- Furness Building Society Over 70 Mortgage
- Hanley Economic Building Society Pensioner Mortgage review
- Sunlife Lifetime Lifetime Mortgage
- Hinckley & Rugby Building Society Equity Loan
The most popular form of equity release is an Rates lifetime mortgage.
The most common use of equity release is to pay off an existing mortgage or to help loved ones get on the property ladder. The money from your home can be raised at a reasonable interest rate without monthly repayments. You may need to raise money to pay your council tax or buy another abandoned property to renovate.
Beverley interest-only mortgage rates
Annexes or Two Kitchens equity later life mortgage
Nationwide Equity Release, Lifetime Mortgages and Retirement Mortgages
Nationwide 70 interest-only mortgage rates
benefits-of-nationwide-equity-release
nationwide-pensioner-mortgage loan interest rates
nationwide-interest-only second home mortgage
nationwide 60 mortgage equity release
Nationwide Lifetime Mortgage Calculator
Mortgages For People Over 55 at low rates
Loans For The Over 75’S lender reviews
Nationwide Retirement Mortgage Loan
Mortgages Over 65
Nationwide Equity Release Brokers for the UK
Liverpool Victoria LV
LV equity release later life mortgage
Liverpool Victoria Lifetime Mortgage Providers
UK Building Societies
Monmouthshire-equity-release remortgage deals
Melton-Mowbray-equity-release personal loan calculator
Loughborough BS Equity Release mortgage valuation
Buckinghamshire Building Society Equity Release valuation
Saffron Building Society equity release pay off a loan
The Marsden Building Society equity release mortgage fees
Dudley Building Society equity release pay off a loan
Market Harborough equity release how much can I borrow
Skipton Equity release interest-only mortgage rates
Teachers equity release mortgages for over 60s
The legal charges on the home will be in place until you die or move into long-term care; when your home is sold, the remainder of your home’s value will be released to you. Sometimes, BISF homes can be mortgaged by specialist lenders.
Derbyshire equity release mortgage for over 70s
Ecology retirement interest-only mortgage
Tipton-Coseley-equity-release mortgage
Newcastle mortgage how much can I borrow?
Yorkshire Bank mortgage calculator
Equity release customers may find that their entitlement to means-tested state benefits could be impacted, and the equity release adviser may be able to advise you and another family member on this. This is key to your retirement planning.
Post Office valuation to offer mortgage borrowing more
RBS Retirement Mortgages
RBS Lifetime Mortgages valuation fee
RBS Retirement Mortgages variable rate
RBS Equity Release Providers reviews
Equity release specialists will explain how compound interest works, where the amount you owe goes up over time. Some lenders have a repayment charge if you sell your home. A reversion company does not offer debt; they want to buy part or all of your home, which is more prevalent in NI. National Counties have some excellent offers in 2024.
Compare Cheshire Equity Release homeowner loans
Age-related mortgage products for January 2024
Equity Release under 40
Equity Release Under 50 Comparison
Equity Release Over 70 House
Equity Release Age 50
Mortgages for over 60s
Sometimes farms can have equity-release products, too, with some specialist lenders.
Personal Circumstances Related – equity release costs in January 2024
No Credit Check Interest Only Lifetime Mortgage
bad credit release
Tough-to-mortgage property titles in Northern Ireland can include flats of less than 30 square metres in any location, properties converted from modern commercial premises, properties without direct access to an adopted highway or which are accessed over an unmade road, properties where there is a self-contained part of the property or annexe, i.e. basement flat or ex-local authority flats 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.
Area Related
Manchester equity calculator
Northern Ireland and some property on contaminated land.
Companies’ interest rates mortgage
Scheme mortgage interest rates
Purchase mortgage interest rate
Best equity release
Equity Release Belfast House later life mortgage calculator
A home reversion plan or equity release mortgage can mess up your state benefits, so you should consider this before you work out how much you could release. You may be better off with Liverpool Victoria. Sometimes, you can buy a property with an LG ER product. Flying freeholds can be pretty challenging for the Newbury Building Society.
Hard to mortgage property types and Equity Release
How does equity release work?
Equity release for joint ownership is a way to use the market value of your home to get one lump sum of cash or regular drawdown payments. Taking out an equity loan will depend on your property type, as equity release advisers will make clear. Lump sums are tax-free.
There is a massive demand for Halifax lifetime mortgages, the old Halifax interest-only lifetime mortgage and Halifax later life mortgages. A Halifax lifetime mortgage can have a meagre overall cost, as can a Halifax equity release.
What is the downside of equity release?
Aviva equity release: how much can I borrow
Is equity release a good idea?
How does an equity release work?
Is there a better alternative to equity release?
Harpenden interest-only lifetime mortgage
What is equity release?
remortgaging to release equity https://www.concisefinance.co.uk/remortgage-for-over-60s
How does an equity release mortgage work?
Canada Life Equity Release Later Life Mortgage Calculator
How does equity release work?
Earl Shilton mortgage for over 70s
What are the different types of lifetime mortgages?
What are the pitfalls of a lifetime mortgage?
The pitfalls of lifetime mortgages are the impact on your estate when you die, and the dangers of roll up interest.
Who qualifies for a lifetime mortgage?
People over 55 have sufficient equity in their homes. Some property types are excluded from some lenders.
What is the average interest rate on a lifetime mortgage?
The average interest rate on lifetime mortgages is around 3%.
How much can I borrow on a lifetime mortgage?
You can borrow up to 60% of the value of your home with a lifetime mortgage.
What is a lifetime mortgage?
It’s a loan secured on a home with roll-up interest.
Is a lifetime mortgage right for you?
It could be yes, depending on your circumstances.
What is the difference between an equity release and a lifetime mortgage?
Equity release could involve a lifetime mortgage.
What is the difference between a lifetime mortgage and a residential mortgage?
A lifetime mortgage has no monthly payments as the interest rolls up.
How does a lifetime mortgage work?
It’s a loan with roll-up compound interest. You pay it back when you die or go into long term care.
Are lifetime mortgages a good idea?
They can be an excellent idea for people who need to pay off an existing mortgage.
Santander Later Life Finance
In 2023, it is predicted that mortgages for over 60s will be prevalent.
Barclays Mortgages for Pensioners
Another product likely in high demand is Barclays lifetime mortgages for UK homeowners in retirement.
Sandra’s Experience with NatWest Equity Release
My name is Sandra, and I hail from Liverpool. Having reached my retirement years, I discovered the true value of financial security and comfort. It was during this quest for stability that I encountered NatWest’s equity release option. What stood out to me were the remarkably low rates and the absence of any fees, a rare find in today’s financial landscape. This service not only provided me with the financial freedom I sought in my retirement but also peace of mind, knowing I had made a sound decision with a reputable institution.
David’s Journey with NatWest Lifetime Interest-Only Mortgage
I am David from Kent, and I found myself in a peculiar financial predicament as my interest-only mortgage neared its term end. Searching for a solution, I discovered NatWest’s lifetime interest only mortgage. This option fit my needs perfectly, allowing me to settle my old mortgage without the pressure of transitioning into a more demanding financial commitment. The process was straightforward and tailored to individuals in my age group, providing a seamless and stress-free experience.
Grant’s NatWest Retirement Mortgage Story
My name is Grant, and I reside in the historic city of York. As someone who values financial prudence, I was drawn to NatWest’s retirement mortgage option. This choice enabled me to remortgage my house while retaining the equity, a crucial aspect for me. The low interest payments, coupled with a free valuation and zero fees, made this an unbeatable offer. It’s not just about the financial benefits; it’s the assurance of having made a wise choice for my future.
Lisa Reflects on Choosing NatWest’s Lifetime Mortgage
I’m Lisa from Swindon, and I’ve spent my retirement years in a flat that holds countless memories and moments dear to me. The thought of leaving was unimaginable. However, financial constraints as a pensioner made this a looming reality. That was until I found NatWest’s bank lifetime mortgage. This option was a lifeline, allowing me to stay in my beloved flat without the burden of monthly payments. It’s more than a financial service; it’s a gateway to preserving my quality of life in my retirement years.