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Mansfield Building Society – Low rate equity release plans for 2022

mansfield

  • Remove tax-free equity from your property
  • No regular monthly payments
  • Use the money to help your family
  • Still, have a few more mortgages payments to make? No problems
  • Continue to stay in your home

How much money can I borrow?

You can release 70% of your property’s value. For example, if your house is worth £210000 you can get £147000.

  • 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


Under 65 Home owner
Money tied up in home
Homeowner in their 70s

  • Free No Obligation Quote

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

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UK Providers for Equity Release

  • Key Retirement
  • More to Life
  • Sunlife Plans
  • Saga

 

Challenging to finance property variants include properties with outbuildings used for normal domestic purposes (garage, workshop, stables, barn etc), properties with grounds in excess of five acres, properties with more than one annexe or self-contained part of the property, properties that have solar farms or a large number of wind turbines on the land and properties where Japanese Knotweed is present.

Equity Release Loan To Value

The more elderly you are and the unhealthier you are the more money you can release.

Disadvantages of Lifetime Mortgages

Interest-only lifetime mortgages can reduce the value of your estate. A monthly payment lifetime mortgage may impact the ability to claim benefits. You may need to pay a broker’s fee and you could be exposed to changes in interest rates with some products.

Retired small business owners that may be interested in Home Reversion Schemes

  • Retail sale of watches and jewellery in specialised stores Ashington
  • Marine fishing Horley
  • Disinfecting and exterminating services Steyning
  • Retail sale of sports goods, fishing gear, camping goods, boats and bicycles Stony Stratford
  • Retail sale of medical and orthopaedic goods in specialised stores, not incl hearing aids n e c Pershore
  • Another retail sale not in stores, stalls or markets Darlington
  • Life insurance Blackwater and Hawley
  • Financial management Hemsworth
  • Manufacture of rubber tyres and tubes; retreading and rebuilding of rubber tyres Chatham
  • Wholesale of textiles Workington
  • Production of electricity Wokingham
  • Residential care activities for learning difficulties, mental health and substance abuse Morecambe
  • Retail sale of carpets, rugs, wall and floor coverings in specialised stores Bridlington
  • Retail sale via mail order houses or via Internet Stevenage
  • Manufacture of bodies coachwork for motor vehicles except for caravans Staveley
  • Raising of other cattle and buffaloes Southam
  • Manufacture of other special-purpose machinery n e c Folkestone
  • Wholesale of coffee, tea, cocoa and spices Downham Market

 

Tough to mortgage home titles include rentcharges properties with a high estate rentcharge, 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, corrugated iron construction and missing planning permission or building regulations approval.

 

  • L&G Legal & General Flexible Max Plus
  • Liverpool Victoria LV Equity Release Schemes
  • More to life Capital Choice Plan
  • Nationwide Equity Release Plans
  • HSBC Interest Only Lifetime Mortgage
  • Hodge Equity Release Schemes
  • HSBC Lifetime Mortgage
  • TSB Equity Release
  • Lloyds Bank Equity Release
  • NatWest Interest Only Lifetime Mortgage
  • Royal Bank of Scotland Lifetime Mortgage
  • Saga Equity Release Plans
  • Age Partnership Equity Release Plans
  • Aviva Equity Release Plans
  • Bridgewater Equity Release Plans
  • More to Life Capital Choice Plus Plan
  • Stonehaven Interest Select Plan
  • Nationwide Equity Release

It’s very regular to find people looking for lifetime mortgage with flexible drawdown cash release, monthly payment lifetime mortgage or home reversion plans, however, Aviva like LV Liverpool Victoria are keen to see paperwork to show your situation in the form of investment statements.

Crown Mortgages

More to life Mortgages

Crown Lifetime Mortgages

Just

Bridgewater Equity Release Broker

Bridgewater Equity Release Loan

Difficult to finance home variants can include eco houses and modern methods of construction, properties with pre 1945 asbestos or similar composition roof tiles, studio flats located within the M25, privately developed flats in blocks of five storeys or more and basement or lower ground floor flats with level access to private or communal garden space.

Hard to finance property variants include properties in the course of construction or pre-construction, properties where tenants live in a self-contained part of the property, feuhold/freehold properties (including flats) in Scotland, properties with unregistered titles subject to these being registered as part of the legal process and properties with leased solar panels.

Pure Retirement Ltd joint lifetime mortgage
Equity Release Under 55

Some of the most popular LTV percentages of Virgin Money over 60 mortgages, Shepherds Friendly equity release schemes for over 55’s, Leeds Building Society interest only mortgages for over 65 year olds, Skipton Building Society mortgages for over 65, Newcastle Building Society retirement mortgages over 60 and Cumberland Building Society interest only mortgages for people over 70 are 50%, 60% and 65%.

Pure Retirement - Classic Lite

Common LTV percentages of LV= retirement mortgages over 65, More 2 Life mortgages for people 60 plus, One Family interest only retirement mortgages for over 70s, Yorkshire Building Society interest only mortgages for people over 70, Royal London over 60 lifetime mortgages and Axa over 60 lifetime mortgages no fees are 45%, 55% and 70%.

Pure Retirement - Classic Super Lite Plan

Popular loan to value percentage ratios of Lloyds Bank interest only mortgages for over 60s near London, Barclays mortgages over 65, Halifax mortgages for 60 plus, Legal and General equity release plans for people over 60, RBS mortgages over 70s and Nationwide BS later life interest only mortgages over 75 are 45%, 60% and 65%.

Hodge Lifetime - Flexible Repayment Plan - NO Early Repayment Charges

The 1st and 2nd charge lender will want to know if the property is a Freehold house or a Leasehold flat with share of freehold and if the resident is an Owner Occupier.

Areas where equity release is common

  • Bovey Tracey
  • Leyton
  • Sandiacre
  • Hawes
  • Loughborough
  • Market Rasen
  • Bridlington
  • Wirksworth
  • Chulmleigh
  • Pickering
  • Willenhall
  • Crewe
  • Featherstone
  • Bollington
  • Eastleigh
  • Felixstowe

 

Equity Release LTV

  • 50% lifetime mortgage with flexible drawdown cash release Legal & General
  • 25% loan to value (LTV) monthly payment lifetime mortgage Paragon Residential
  • 25% loan to value lifetime mortgage with flexible drawdown cash release Holmesdale Building Society

 

Popular pensioner mortgage products are Lloyds Bank mortgages over 65, HSBC retirement interest only mortgages, NatWest retirement interest only mortgages, Legal & General mortgages for over 50 year olds and Nationwide BS interest only lifetime mortgages.