Release equity from your house at 5.15%
No need to make regular monthly payments
Use the money you release for anything you like
Still, have some mortgage outstanding? No problems
Stay living in your own home for as long as you like

How much cash can I get?

You can release 60% of your property’s value. For example, if your home is worth £180000, you can get £108000.

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The mortgage lender will want to know if the property is a Freehold or Leasehold house and if the resident is an owner-occupier.

Crown

Hodge Lifetime Equity Release

Just Drawdown Lifetime Mortgages

More to Life Lifetime Mortgages

Business owners who could benefit from equity release estate planning

Manufacture of central heating radiators and boilers Hawkinge
Letting and operating of conference and exhibition centres Loftus
Growing of spices, aromatic, drug and pharmaceutical crops Carshalton
Bookkeeping activities St Austell

Drawbacks of Equity Release Plans

Lumpsum lifetime mortgages can reduce your estate value. Monthly payment equity release may impact entitlements to benefits. You may need to pay a solicitor’s fee, and with some schemes, you could have higher rates to pay.

Popular pensioner loan products are Lloyds Bank mortgages for over 50 year olds, lifetime mortgages, NatWest interest only mortgages for people over 70, Legal & General mortgages for pensioners and Nationwide BS mortgages for 60 plus.

Canada LIfe - Interest Select Gold Flexi

The typical loan-to-value ratios of Lloyds Bank over-60 mortgages, mortgages for 60-year-olds, Post Office pensioner mortgages over 60, Legal & General mortgages for 60 plus, Bank of Scotland interest-only lifetime mortgages for over 70s, and Nationwide Building Society mortgages over 65 are 35%, 60%, and 65%.

Popular loan to value percentage ratios of LV= interest only lifetime mortgages for over 70s, More to Life retirement mortgages over 70, One Family interest only mortgages for people over 70, Yorkshire Bank retirement mortgages over 60, Royal London over 60 lifetime mortgages no fees and Axa interest only mortgages for over 60s near London are 45%, 55% and 65%.

The common loan-to-value ratios of Aviva mortgages for people 60 plus, Shepherds Friendly interest-only lifetime mortgages for over 60s, Sainsburys interest-only mortgages for over 70s, Skipton Building Society mortgages for over 50-year-olds, Nottingham Building Society mortgages for 60 plus, and Progressive Building Society RIO mortgages over 75 are 50%, 60%, and 70%.

Hodge Lifetime - Flexible Repayment Plan - NO Early Repayment Charges

Hard-to-finance home types can include properties in construction or pre-construction, entirely tenanted properties, right to buy – properties in England, Wales and Northern Ireland, crofted houses and properties with leased solar panels.

Equity Release percentages of your current property value

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

Equity Release percentages of your current property value

55% monthly payment lifetime mortgage Zurich
55% loan-to-value home reversion schemes Precise
25% loan to value interest-only lifetime mortgages Foundation Home Loans
60% loan to value (LTV) monthly payment equity release Just Retirement
45% loan to value (LTV) lumpsum lifetime mortgages Prudential Lifetime
30% loan to value home reversion plans BM Solutions

It is widespread to find people searching for a monthly payment lifetime mortgage, lump sum lifetime mortgage or monthly payment equity release; however, More to Life, like Legal & General, is keen to see proof of your personal situation in the form of bank statements.

Hard-to-mortgage property variants can include Timber-framed properties constructed post-1965, timber-framed properties built between 1920 and 1965, steel frame/clad properties built before 1990, privately developed flats in blocks of two storeys without a lift and properties where the flat is accessed via a deck or balcony.

Areas where retirement mortgages are common

Saxmundham
Carlton Colville
Brough
Windsor
Hitchin
Topsham
Ellesmere
Lydney
Filey
Looe
Tidworth
Bridlington
Wickham
Workington
Melton Mowbray
Croydon
Downham Market
Cranbrook

Tough-to-mortgage property variants can include properties built or converted into dwellings more than ten years ago, properties with a single annexe or other self-contained part of the property, properties without direct access to an adopted highway or which are accessed over an unmade road, properties with mobile phone masts which are not within influencing distance of the house and properties adversely affected by existing or proposed issues including roads, rail, airports, power plants, power lines/pylons, wind turbines, substations, sewage works, quarries, fuel stations, refuse sites, sports grounds, noise, light or environmental pollution.

Stonehaven Interest Select Plan
Nationwide Equity Release Plans
Lloyds Bank Equity Release
Canada Life Lifetime Mortgage
More to Life Capital Choice Plan
More to Life Capital Choice Plan
Stonehaven Interest Only Lifetime Mortgage
Interest Only Lifetime Mortgage
More 2 Life Flexi Choice Voluntary Payment Super Lite
Saga home reversion plan
Age Partnership Equity Release Schemes
Aviva Lifetime Mortgages for Pensioners
More to Life Capital Choice Plus Plan
Hodge Equity Release Schemes
L&G Legal & General Flexible Plus Lifetime Mortgage
Pure Retirement Equity Release Plans
Lloyds Bank Lifetime Mortgage
NatWest Lifetime Mortgage
Aviva Flexible Voluntary Repayment Plan
Hodge Equity Release Schemes
L&G Legal & General Flexible Max Plus
More to Life Tailored Choice Plan
More to Life Flexi Choice Voluntary Payment Super Lite
Pure Retirement Lifetime Mortgage
More 2 Life Flexi Choice Drawdown Lite Plan
Age Partnership Interest Only Lifetime Mortgage

UK Equity Release Scheme Lenders

Age Concern
Stonehaven
Lifetime Mortgage from L&G
Stonehaven Mortgage

Over 60 Retirement Mortgage Interest Rates

Challenging to finance property variants can include properties built on contaminated land, leasehold properties with a short lease, typically less than 70 years, or a defective lease, derelict property or where part of the building is in severe disrepair and needs demolishing, thatched buildings and Reema Hollow panel, Schindler and Hawksley SGS, Stent, Stonecrete, Stour, Tarran, Underdown, Unity and Butterley, Waller, Wates, Wessex, Winget and Woolaway.

Equity Release Calculator Under 55

Challenging to finance home variants can include properties that will be assessed for flood risk, properties close to mining works, areas of landfill, areas of recent flooding or subsidence, some properties with sitting tenants or regulated tenancies, asbestos construction, and properties that have never been registered with the land registry.

Navigating Remortgages for Seniors in the UK

Equity Release in the Capital

As one of the prime real estate markets, London offers various opportunities for homeowners over 60. For those considering leveraging the value of their homes, equity release London and London equity release schemes are popular choices.

Informed Decisions with Expert Guidance

Before exploring these options, seeking equity release advice is imperative to fully understand the implications and ensure the decision aligns with one’s financial goals.

Understanding Lump Sum Lifetime Mortgages

A lump sum lifetime mortgage is a prevalent choice for seniors. It provides a sizeable upfront amount against their property’s value. This approach allows homeowners to access funds without monthly repayments, offering financial flexibility during retirement.