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2.48% Manchester Equity Release for UK property – Free Valuation

  • Manchester Building Society Equity ReleaseRelease tax-free equity from your home
  • No monthly payments with Manchester Building Society Equity Release
  • Help your family with the equity you release
  • Free Valuation
  • Continue to stay in your home for as long as you like

How much can I get?

You can get 70% of your home’s valuation. For example, if your house is worth £270000 you can borrow £189000.

  • Free No Obligation Quote

  • Please enter a number from 3000 to 2000000000.
  • Please enter a number from 30000 to 100000000.
  • Leave blank if no mortgage outstanding
  • About You

Customer Reviews

RIO

Sandra from Manchester

I got 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.

 

RIO

William from London

I was told by my lawyer 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.

 

RIO

Ms G from Dover

I divorced my husband who was a violent alcoholic. I really feared losing my home as I sometimes look after my daughter’s children. Equity release enabled me to pay off my ex and stay secure in my home.

 

RIO

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.

 

RIO

Mrs L from Nottingham

I had to pay a valuation fee and a solicitor’s fee, but no lender or broker fees for my lifetime mortgage. As I was divorcing my husband of 30 years the money went to him for his share of the house. I am happy now as I am secure, and I do not need to move from my home.

 

mrs-daly

Mrs Daly from Glasgow

My daughter lives in the states and does not have health insurance. My £30,000 lifetime mortgage paid the medical bills for her son to be born and a years rent in advance for a new flat for the baby.

 

julia-a

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.

 

  • Free No Obligation Quote

  • Please enter a number from 4000 to 20000000.
  • Leave blank if no mortgage outstanding
  • About You

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Access home equity

 

Tough to finance home variants can include properties with a sinking fund of 7% or more of the property sale price when the property is sold, properties with any kind of structural defect, damp, dry or wet rot, properties where there are boundary disputes or where planning applications have not been applied for correctly, cob property and Airey, Boot, Cornish Unit, Dorran, Dyke, Gregory, Hamish Cross, Myton, Newland, Orlit and Parkinson Frame.

 

London House Finance

 

Its often found to discover individuals searching for lump sum lifetime mortgages, lump sum lifetime mortgages or home reversion plans, however, Key Solutions like AIG Life are keen to see evidence of your personal situation in the form of bank statements.

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 Primary Residence.

Retired small business owners that may be interested in lifetime mortgages

  • Agents involved in the sale of fuels, ores, metals and industrial chemicals Stotfold
  • Wholesale of furniture, carpets and lighting equipment Potton
  • Logging Ashburton
  • Activities of religious organizations Liskeard
  • Manufacture of central heating radiators and boilers Crewe
  • Manufacture of cocoa and chocolate confectionery Newark-on-Trent
  • Landscape service activities Sedgefield
  • Manufacture of articles of fur Gravesend
  • Retail sale of meat and meat products in specialised stores North Walsham
  • Video distribution activities Driffield
  • Construction of domestic buildings Horsforth
  • Retail sale of mobile telephones Clay Cross
  • Media representation services Dorking
  • Retail sale of watches and jewellery in specialised stores Wickham
  • Manufacture of basic iron and steel and of ferro-alloys Northam
  • Manufacture of other non-metallic mineral products n e c Crewkerne
  • Wholesale of china and glassware and cleaning materials Tynemouth
  • Renting and leasing of passenger water transport equipment Chorley

 

Challenging to mortgage property variants can include grade ll Listed houses (grade C in Scotland and B2 in Northern Ireland), properties with flying or creeping freehold which comprises 15% or less of the total floor area, agricultural use of the land and any outbuildings, properties with flying or creeping freeholds which comprise over 15% of the total floor area 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.

 

Pitfalls of Interest Only Lifetime Mortgages

Monthly payment equity release can reduce the value of your estate. Lump-sum 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.

Equity Release Loan To Value

  • 55% monthly payment equity release Zurich
  • 55% loan to value (LTV) lifetime mortgage with flexible drawdown cash release Lifetime Mortgage from L&G
  • 45% loan to value interest-only lifetime mortgages LV equity release
  • 50% loan to value lumpsum lifetime mortgages Bower

 

Hard to finance property types include pre-fabricated reinforced concrete (PRC), properties with any external treatment applied to the roof after construction, privately developed flats, maximum four storeys with a lift, privately developed flats in blocks of five storeys or more and basement or lower ground floor flats without level access to private or communal garden space.

Towns of the UK where Lifetime Mortgages are common

  • Lydd
  • Shildon
  • Wellington
  • Crewe
  • Haslingden
  • Reepham
  • Petworth
  • Watlington
  • Painswick
  • Desborough
  • Padstow
  • Uppingham
  • New Alresford
  • Barking
  • New Alresford
  • Hertford
  • Crowland

 

Lenders for UK Equity Release

  • Sunlife Plans
  • Bridgewater
  • Age Partnership
  • Prudential

 

Lloyds Bank Lifetime Mortgage Buy To Let

 

 

 

Do Manchester Building Society do Equity Release?

Yes, Manchester Building Society Equity Release is 2.25% APR.

Equity Release Loan To Value

The more elderly you are and the sicker you are the more tax-free cash you can release.

 

Lloyds Bank Lifetime Mortgage Rates 2019

 

Difficult to finance home variants include properties in poor condition, properties where letting arrangement where the tenancy agreement is not appropriate, leasehold properties (England, Wales, Northern Ireland) subject to a lease length of 160 years, properties with unregistered titles subject to these being registered as part of the legal process and properties with owned solar panels.

 

  • Aviva Lifetime Mortgages
  • Bridgewater Equity Release Schemes
  • Canada Life Lifetime Mortgage
  • Liverpool Victoria LV= Flexible Lifetime Mortgage
  • More to life Capital Choice Plan
  • Pure Retirement Drawdown Plan
  • Lloyds Bank Lifetime Mortgage
  • NatWest Equity Release
  • Canada Life Voluntary Select Gold
  • HSBC Interest Only Lifetime Mortgage
  • NatWest Equity Release Schemes
  • Saga Equity Release Plans
  • Bridgewater Equity Release Plans
  • Canada Life Lifestyle Lite Flexi
  • More 2 Life Flexi Choice Drawdown Lite Plan
  • More to Life Flexi Choice Voluntary Payment Super Lite
  • Lloyds Bank Equity Release Plans
  • Age Partnership Equity Release Plans
  • Aviva Flexible Voluntary Repayment Plan
  • HSBC Interest Only Lifetime Mortgage
  • Lloyds Bank Equity Release Schemes
  • Royal Bank of Scotland Equity Release
  • Saga Lifetime Mortgage
  • More 2 Life Capital Choice Plan

Canada Life Equity Release

Do Manchester Building Society do Pensioner Mortgages?

Yes, Manchester Building Society Pensioner Mortgages are 1.99% APRC.

One Family Drawdown Lifetime Mortgages

Does Manchester Building Society offer Retirement Mortgages?

Yes, Manchester Building Society Retirement Mortgages are 1.96% APR.

Pure Retirement Retirement Mortgages

Do Manchester Building Society do Equity Release Under 55?

Yes, Manchester Building Society Equity Release Under 55 is 2.2% APR.

Just Equity Release

Common LTV percentages of Aviva mortgages for 60 plus, Shepherds Friendly pensioner mortgages over 70s, Churchill interest only mortgages for people over 70, Skipton Building Society lifetime mortgages for people over 55, Nottingham Building Society help to buy for over 60s and National Counties Building Society equity release plans for people over 60 are 50%, 55% and 65%.

 

LV= lifetime mortgage

 

Some of the most popular LTV ratios of LVE mortgages for people 60 plus, More to Life interest only lifetime mortgages for over 70s, OneFamily later life borrowing schemes over 55, Yorkshire Building Society later life borrowing schemes over 55, Royal London equity release plans for people over 60 and SunLife mortgages over 70s are 35%, 60% and 70%.

 

OneFamily lifetime mortgage

 

Popular loan to value percentage ratios of Lloyds lifetime mortgages for over 55s, Barclays Bank retirement interest only mortgages over 75, Halifax help to buy for over 60s, Legal & General retirement mortgages over 60, RBS retirement interest only mortgages over 60 and Nationwide BS equity release schemes for over 55’s are 45%, 60% and 70%.

 

LV= Flexible Lifetime Mortgage

 

Many of the most appealing pensioner finance products are TSB retirement interest only mortgages, Barclays Bank interest only mortgages for over 60s near London, Post Office mortgages for people 60 plus, Legal & General mortgages for over 60s and Nationwide BS later life mortgages.

Does

More to life - Flexi Choice Lite

Do Manchester Building Society do Lifetime Mortgages?

Yes, Manchester Building Society does lifetime mortgages at 2.23% APR. Manchester Building Society Lifetime Mortgages can have a loan to value (ltv) of 55%.