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Equity Release London Building Society 2.33% APR – Lifetime Mortgage options

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  • Release equity from your house
  • 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.

  • Your Requirements

  • Please enter a number from 4000 to 200000000.
  • Please enter a number from 50000 to 10000000.

Southfields House
Cash tied up in home

Santander Retirement Mortgage Comparison


  • Your Requirements

  • Please enter a number from 4000 to 20000000.
  • About You

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

Crown

Hodge Lifetime Equity Release

Just Drawdown Lifetime Mortgages

More2Life 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
  • Manufacture of light metal packaging Keighley
  • Processing and preserving of potatoes Sleaford
  • Manufacture of office and shop furniture Longtown
  • Operation of sports facilities Bridport
  • Manufacture of ceramic tiles and flags Didcot
  • Manufacture of engines and turbines, except aircraft, vehicle and cycle engines Broseley
  • Operation of warehousing and storage facilities for air transport activities Burnham-on-Sea
  • Manufacture of machinery for metallurgy Colne
  • Production of electricity Acton
  • Manufacture of other plastic products Beaconsfield
  • Photocopying, document preparation and other specialised office support activities Swanscombe and Greenhithe
  • Manufacture of margarine and similar edible fats Grassington
  • Silviculture and other forestry activities St Ives
  • Manufacture of ceramic household and ornamental articles Northampton

 

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 you could have higher rates to pay with some schemes.

Popular pensioner loan products are Lloyds Bank mortgages for over 50 year olds, HSBC 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

Common loan to value ratios of Lloyds Bank over 60 mortgages, HSBC 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%.

More2Life - Capital Choice Plan

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%.

LV= lifetime mortgage

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 the course of 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 very regular to find people searching for a monthly payment lifetime mortgage, lump sum lifetime mortgages or monthly payment equity release, however, More2Life 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 10 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, sub stations, 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
  • More2Life Capital Choice Plan
  • More to Life Capital Choice Plan
  • Stonehaven Interest Only Lifetime Mortgage
  • HSBC 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
  • More2Life 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
  • More2Life 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

Santander 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 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 has never been registered with the land registry.