- Release tax-free money from your house
- No monthly repayments
- Use the money for a motorhome or new car
- Are you still paying a mortgage? We can help with that
- Continue to stay in your property
Customer Reviews
Julia A
My mother has dementia. With my solicitor and my power of attorney, I got equity release on my mother’s house to pay for specialist modifications for her comfort.
Mrs M from Birmingham
With no brokers fees and no lenders 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 deposit for her next house. She wanted a family, and her flat was too small.
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.
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.
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 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.
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.
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What percentage can be released?
The more elderly you are and the unhealthier you are, the more tax-free cash you can release.
Providers for Equity Release
- the Telegraph
- Bridgewater
- Key Solutions
- Santander
- Maximum cover Equity Release
- Lloyds Lifetime Mortgage
- HSBC Equity Release From House
- Santander Equity Release Plans
- Santander Lifetime Mortgage Rates 2021
- HSBC Lifetime Mortgage Calculator
- Lloyds Bank Lifetime Mortgage Drawdown Scheme
- Lloyds Bank Equity Release Brokers Uk
- Nationwide Lifetime Mortgage Rates 2021
- Natwest Equity Release Brokers Uk
- Halifax Equity Release On Second Homes
- Nationwide Retirement Mortgage Interest Rate
- Natwest Retirement Mortgage Age
- Lloyds Retirement Mortgage Interest Rate
- Santander Retirement Mortgage Uk
- Lloyds
- HSBC
- Nationwide Equity Release Brokers Uk
- Natwest Lifetime Mortgage Interest Only Rates
- Halifax Retirement Mortgage Broker
- Halifax Lifetime Mortgage Comparison
Retired business owners that may be interested in Home Reversion Schemes
- Wholesale of tobacco products Kirkby-in-Ashfield
- Support activities for other mining and quarrying Camelford
- Funeral and related activities Sawbridgeworth
- Manufacture of macaroni, noodles, couscous and similar farinaceous products Epworth
- Publishing of computer games Northallerton
- Manufacture of other plastic products Winterton
- Events of an exhibition and fair organisers Newbiggin-by-the-Sea
- Butter and cheese production Holbeach
- Finishing of textiles Southwold
- Machining Padiham
- Collection of non-hazardous waste Wickwar
- Pre-press and pre-media services Haywards Heath
- Undifferentiated goods-producing activities of private households for own use Holsworthy
- Manufacture of machinery for metallurgy Haltwhistle
- Production of other knitted and crocheted apparel Stockton-on-Tees
- Binding and related services Maryport
- Retail sale of tobacco products in specialised stores Berwick-upon-Tweed
- Manufacture of glues Haslemere
The mortgage lender will want to know if the property is a Detached freehold house or a Leasehold flat and if the resident is an Owner Occupier.
What percentage can be released?
- 50% home reversion schemes VitalityLife Equity Release
- 25% loan to value lump sum lifetime mortgages Masthaven
- 30% loan to value monthly payment lifetime mortgage Clearly Loans
It is usual to discover people looking for lump sum lifetime mortgages, lumpsum lifetime mortgages or home reversion schemes. However, Sunlife Plans like Legal & General are keen to see paperwork to show your situation in the form of pension statements.
- More 2 Life Flexi Choice Voluntary Payment Super Lite
- Bridgewater Equity Release
- Canada Life Lifestyle Gold Flexi
- Hodge Indexed Lifetime Mortgage
- Nationwide Interest Only Lifetime Mortgage
- TSB Equity Release
- Saga Equity Release Plans
- Canada Life Lifestyle Gold Flexi
- More2Life Capital Choice Plus Plan
- More to Life Tailored Choice Plan
- Pure Retirement Drawdown Plan
- Nationwide Equity Release Schemes
- Lloyds Bank Equity Release
- NatWest Equity Release
- Saga Equity Release Schemes
- Nationwide Interest Only Lifetime Mortgage
- More to Life Tailored Choice Plan
- NatWest Interest Only Lifetime Mortgage
- Saga Lifetime Mortgage
- Bridgewater Lifetime Mortgage
- Canada Life Lifetime Mortgage
- Hodge Equity Release Schemes
- L&G Legal & General Flexible Plus Lifetime Mortgage
- Nationwide Equity Release
- HSBC Interest Only Lifetime Mortgage
- TSB Lifetime Interest Only Mortgage
Pitfalls of Lifetime Mortgages
Lifetime mortgage with flexible drawdown cash release can reduce the inheritance for your family. Lumpsum lifetime mortgages may impact the ability to claim entitlements. You may need to pay a legal fee and some products expose you to changes in interest rates.
Areas of the UK where Lifetime Mortgages are common
- Kendal
- Birkenhead
- Wincanton
- Kington
- Paddock Wood
- Corringham
- Great Dunmow
- Winsford
- St Austell
- Ware
- Evesham
- Ealing
- Cleckheaton
- Brierfield
- Aylesbury
- Bampton
- Sherborne
- Morley
- Banbury
- Clun
- Loughton
Direct contact details for Lloyds Bank
Lloyds Bank plc. Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no. 2065 Lloyds Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278. Visit the Lending Standards Board website
Lloyds Bank plc registered office:
25 Gresham Street,
London EC2V 7HN.
Registered in England and Wales No. 2065.
https://www.lloydsbankinggroup.com/
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If you need to call us from abroad, you can call us on 01733347007. Not all Telephone Banking services are available 24 hours a day, seven days a week. Please speak to an adviser for more information. Calls may be monitored or recorded.
Lloyds Bank plc and Bank of Scotland plc (members of Lloyds Banking Group), are authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Authorisation can be checked on the Financial Services Register at www.fca.org.uk
https://twitter.com/AskLloydsBank
Lloyds Bank plc. Registered office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales No. 2065. Lloyds Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278. Telephone: 020 7626 1500
Eligible deposits with us are protected by the Financial Services Compensation Scheme (FSCS). We are covered by the Financial Ombudsman Service (FOS). Please note that due to FSCS and FOS eligibility criteria not all business customers will be covered.
Calls may be monitored or recorded in case we need to check we have carried out your instructions correctly and to help improve our quality of service.
