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1.91% MER Market Harborough Equity Release for UK property

  • market harborough equity release plansRelease equity from your house with Market Harborough Building Society Equity Release
  • Not necessary to make monthly payments
  • Help your family with the cash you release
  • Still, have a mortgage? No problems
  • Continue to stay in your house

How much money can I release?

You can get 65% of your home’s valuation. For example, if your home is worth £210000 you can borrow £136500.

  • Your Requirements

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

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

Ms T from Hammersmith

My husband recently died leaving me with a mortgage I could not afford to pay. The lifetime mortgage allowed me to pay off the mortgage and have enough money left over for a new bathroom, kitchen, and roof repair.

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

Mr Williamson from Chiswick

My son is a chef in a care home. He is not well paid. No way his bank would lend him the money to buy a flat. My equity release enabled him to put a substantial deposit down so his mortgage was very small. My equity release interest rate was close to his interest rate offered by his bank.

RIO

Mrs V from Hastings

I had spent my life running up credit cards and loans then getting interest-only mortgages to pay off the debt. I got to retirement age and still owed the bank £160,000. The term was about to expire, and I could not afford the payments on my pension anyway. I got £180,000 equity release and now I am more comfortable with no monthly repayments and I spent £20,000 on a new bathroom and kitchen. I now know I can stay in 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.
RIO

Mrs E from London

I was advised to get equity release from my East London home to minimise inheritance tax. My son and daughter used the money to pay down their mortgages. The interest rate on the equity release was so low it was close to their mortgage rate.
RIO

Mrs G from Leeds

My daughter is a single mother, and I got a £120,000 lifetime mortgage to buy her a flat outright as she has had a succession of poorly maintained rental flats not suitable for her child.
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.

  • Your Requirements

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

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Raise money with your home
Home equity Tied Up

 

Equity Release Providers

  • Key Solutions
  • Bridgewater
  • Just Retirement

It’s common to discover individuals seeking out a lifetime mortgage with flexible drawdown cash release, monthly payment lifetime mortgage or monthly payment equity release, however, Key Retirement like AIG Life are keen to see paperwork to show your situation in the form of investment statements.

Some of the most popular retirement mortgage products are Lloyds Bank later life mortgages, Barclays Bank lifetime mortgages, Natwest mortgages for pensioners, Legal and General mortgages for people over 50 and Nationwide Building Society later life borrowing schemes.

HSBC Equity Release From House

Some of the most popular LTV percentages of TSB retirement mortgages over 70, Barclays equity release schemes for people over 70, Post Office RIO mortgages over 75, Legal and General equity release schemes for over 55’s, RBS mortgages for people over 50 and Nationwide BS pensioner mortgages over 60 are 45%, 60% and 70%.

Some of the most common loan to value ratios of Liverpool Victoria interest only mortgages for people over 70, More to Life mortgages for 60 plus, OneFamily remortgages for people over 50 years old, YBS mortgages over 70s, Royal London interest only mortgages for over 70s and Sun Life mortgages for 60 year olds are 45%, 60% and 65%.

The 1st and 2nd charge lender will want to know if the property is a Detached freehold house or a Leasehold flat and if the resident is an AST Tenant.

Crown Lifetime Mortgages

Popular LTV percentages of Virgin Money RIO mortgages over 75, Zurich lifetime mortgages for over 60s, Churchill mortgages for over 70s, Principality Building Society interest only mortgages for over 70s, Newcastle Building Society retirement interest only mortgages over 75 and National Counties Building Society later life interest only mortgages over 60 are 50%, 55% and 70%.

Canada LIfe - Interest Select Gold Flexi

Difficult to finance property variants can include properties where proposed building works have not yet commenced, entirely tenanted properties, right to buy – properties in England, Wales and Northern Ireland, properties with unregistered titles subject to these being registered as part of the legal process and freehold flats (England, Wales, Northern Ireland).

Hodge Lifetime - Lump Sum Lifetime Mortgage

Hard to finance property variants can include pre-fabricated reinforced concrete (PRC), properties with pre 1945 asbestos or similar composition roof tiles, large concrete panel systems, privately developed flats in blocks of two storeys without a lift and freehold flats (England, Wales, Northern Ireland).

more 2 life joint lifetime mortgage

Do Market Harborough Building Society have favourable reviews for equity release?

Yes, Market Harborough Building Society reviews are commendable for equity release.

Tough to finance home titles include grade ll Listed houses (grade C in Scotland and B2 in Northern Ireland), properties with a single annexe or other self-contained part of the property, properties with a small number of solar panels or a wind turbine on the land for domestic use, properties using rooms, land or outbuildings for business purposes which are not personal to the borrower(s) or which extend to more than 50% of the property to be secured and properties where Japanese Knotweed is present.

Aviva lifetime mortgage with cashback

Areas of the UK where equity release is common

  • Brough
  • Newark-on-Trent
  • Bedworth
  • Callington
  • Brampton
  • Ilkeston
  • Sturminster Newton
  • Cullompton
  • Newport Pagnell
  • Leominster
  • Barton-upon-Humber
  • Northleach with Eastington
  • Penkridge

 

What are Market Harborough Building Society rates for equity release?

Market Harborough Building Society rates for equity release are 1.9% APRC.

Challenging to finance home variants include properties with a sinking fund of 7% or more of the property sale price when the property is sold, properties close to mining works, areas of landfill, areas of recent flooding or subsidence, some properties with sitting tenants or regulated tenancies, cob property and Airey, Boot, Cornish Unit, Dorran, Dyke, Gregory, Hamish Cross, Myton, Newland, Orlit and Parkinson Frame.

What percentage can be released?

  • 50% monthly payment equity release Legal & General
  • 40% loan to value home reversion schemes LV equity release
  • 30% loan to value (LTV) Market Harborough Building Society Equity Release

 

Do Market Harborough Building Society do Equity Release?

Yes, Market Harborough Building Society Equity Release is 2.2% APRC.

 

Does Market Harborough Building Society offer Pensioner Mortgages?

Yes, Market Harborough Building Society Pensioner Mortgages are 1.98% APR.

Successful business owners who could benefit from Home Reversion Scheme tax planning

  • Activities of political organizations Newark-on-Trent
  • Licensed clubs Charlbury
  • Other engineering activities Epping
  • Television programming and broadcasting activities Bexhill-on-Sea
  • Support services to forestry Royal Leamington Spa
  • Repair and maintenance of ships and boats Chester-le-Street
  • Manufacture of machinery for metallurgy Darwen
  • Retail sale of antiques including antique books in stores Gillingham
  • Manufacture of tubes, pipes, hollow profiles and related fittings, of steel Greater Willington
  • Wholesale of hardware, plumbing and heating equipment and supplies Denholme
  • Manufacture of soft furnishings Middleton
  • Manufacture of corrugated paper and paperboard, sacks and bags Stone
  • Unlicensed restaurants and cafes Nuneaton
  • Manufacture of paper and paperboard Mildenhall
  • Cargo handling for water transport activities Clitheroe
  • Treatment and disposal of non-hazardous waste Bentham
  • Retail sale of musical instruments and scores Wellington
  • Retail sale via stalls and markets of other goods Arundel

 

Does Market Harborough Building Society offer Retirement Mortgages?

Yes, Market Harborough Building Society Retirement Mortgages are 2.02% MER.

Disadvantages of Market Harborough Building Society Equity Release

Home reversion plans can reduce your estate value. A monthly payment lifetime mortgage may impact entitlements to benefits. You may need to pay a broker’s fee and you could be exposed to changes in interest rates with some products.

  • Hodge Indexed Lifetime Mortgage
  • Just Retirement Drawdown Lifetime Mortgage
  • L&G Legal & General Flexi Max Voluntary Repayment Plan
  • Liverpool Victoria LV Equity Release Plans
  • Nationwide Equity Release Plans
  • NatWest Equity Release Plans
  • Royal Bank of Scotland Equity Release Schemes
  • Age Partnership Interest Only Lifetime Mortgage
  • Just Retirement Interest Only Lifetime Mortgage
  • Liverpool Victoria LV= Flexible Lifetime Mortgage
  • Pure Retirement Classic Voluntary Payment Super Lite
  • TSB Equity Release Schemes
  • NatWest Interest Only Lifetime Mortgage
  • Age Partnership Equity Release Plans
  • Canada Life Lifestyle Gold Flexi
  • L&G Legal & General Flexible Plus Lifetime Mortgage
  • NatWest Equity Release
  • Age Partnership Equity Release Plans
  • Aviva Lifestyle Flexible Option
  • Bridgewater Equity Release
  • Just Retirement Equity Release
  • Liverpool Victoria LV Equity Release Schemes
  • More to Life Flexi Choice Drawdown Lite Plan
  • More 2 Life Flexi Choice Drawdown Lite Plan

HSBC Equity Release Plan

Do Market Harborough Building Society do Equity Release Under 55?

Yes, Market Harborough Building Society Equity Release Under 55 is 1.9% APRC.

 

Equity Release Loan To Value – Market Harborough Building Society Equity Release

The more elderly you are and the more serious your illnesses you are the more tax-free cash you can release.

Do Market Harborough Building Society do Lifetime Mortgages?

Yes, Market Harborough Building Society does lifetime mortgages at 1.82% MER. Market Harborough Building Society Lifetime Mortgages have an LTV of 75%.