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.

Your Requirements
How Much Would You Like Borrow/Release?*
Please enter a number from 4000 to 200000000.
Value of your property*
Please enter a number from 50000 to 10000000.
Total amount of mortgage/loans you have on your property

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Your Requirements
How Much Money Would You To Like Raise?*
Please enter a number from 4000 to 20000000.
Estimated Value Of Your Property?*
Total amount of mortgage/loans you have on your property
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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

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.

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%.

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%.

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%.

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.

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