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Marsden Building Society Equity Release

Marsden Building Society Equity Release

  • Release equity from your house
  • No monthly payments with Marsden Building Society Equity Release
  • Free valuation
  • Use the equity released for anything you like
  • Stay living in your own house
  • Could be used to manage inheritance tax bills

How much money can I get?

You can release 65% of your home’s value. As an example, if your house is worth £250000 you can borrow £162500.

  • 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

Testimonials and Example Cases

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

Mrs V from Hastings

RIO

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 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

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

Ms G from Dover

RIO

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.

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.

  • Free No Obligation Quote

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

  • By clicking Submit and ticking the box above you agree to be contacted by an FCA authorised advisor that you have read and agreed to our Terms & Conditions and our Privacy Policy.
Southfields House

Common loan to value percentage ratios of Lloyds Bank retirement mortgages over 70, Barclays Bank mortgages for 60 year olds, NatWest interest only mortgages for over 60s, Legal and General later life mortgages for over 60s, RBS mortgages for over 65 and Nationwide later life interest only mortgages over 60 are 45%, 55% and 70%.

Access home equity

Common LTV percentages of LV= over 60 lifetime mortgages, More 2 Life interest only lifetime mortgages for people over 60, One Family equity release schemes for people over 70, YBS retirement mortgages over 65, Metro Bank later life interest only mortgages over 75 and SunLife interest only mortgages for over 65 year olds are 45%, 60% and 65%.

Downsides of Home Reversion Schemes

A monthly payment lifetime mortgage can reduce your estate value. Home reversion schemes may impact the ability to claim entitlements. You may need to pay a broker’s fee and you could have higher rates to pay with some schemes.

Canada Life

Crown Mortgages

Hodge Lifetime Retirement Mortgages

Legal and General

Pure Retirement Lifetime Mortgages

LV Equity Release

Hodge Lifetime

More to life Drawdown Lifetime Mortgages

Just Mortgages

LV Drawdown Lifetime Mortgages

Natwest Lifetime Mortgage Drawdown Scheme

Common loan to value percentages of Virgin Money later life interest only mortgages over 70, Shepherds Friendly mortgages over 65, Churchill RIO mortgages over 75, Skipton Building Society equity release schemes for over 55’s, Nottingham Building Society interest only mortgages for over 65 year olds and National Counties Building Society equity release schemes for people over 70 are 35%, 55% and 70%.

  • TSB Equity Release Plans
  • NatWest Equity Release
  • Saga home reversion plan
  • Age Partnership Equity Release Plans
  • Canada Life Lifetime Mortgages
  • NatWest Equity Release Plans
  • Aviva Lifetime Mortgage
  • Liverpool Victoria LV= Lump Sum Plus Lifetime Mortgage
  • Saga Lifetime Mortgage
  • Hodge Lifetime Flexible Voluntary Repayment Plan
  • More to Life Flexi Choice Voluntary Payment Super Lite
  • TSB Lifetime Interest Only Mortgage

Wealthy business owners who could benefit from equity release tax planning

  • Landscape service activities Tadley
  • Manufacture of other builders’ carpentry and joinery Glastonbury
  • Regulation of and contribution to the more efficient operation of businesses Billericay
  • Other manufacturing n e c Rowley Regis
  • Retail sale of hearing aids Coleford
  • Construction of other civil engineering projects n e c Framlingham
  • Wholesale of watches and jewellery Morley
  • General secondary education Oundle
  • Construction of bridges and tunnels in Towcester
  • Manufacture of other carpets and rugs Highworth
  • Manufacture of men’s underwear Dorchester
  • Retail sale of flowers, plants, seeds, fertilizers, pet animals and pet food in specialised stores in Exmouth
  • Video distribution activities Scunthorpe
  • Performing arts Faversham
  • Retail sale of footwear in specialised stores in Kirkby Lonsdale
  • Scheduled passenger air transport Cromer
  • Manufacture of agricultural and forestry machinery other than tractors Shifnal
  • Engineering related scientific and technical consulting activities Sandbach
More to life  - Capital Choice Plan

Difficult 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, commonhold properties and properties with owned solar panels.

Legal & General - Flexible Indigo

Difficult to finance home types include pre-fabricated reinforced concrete (PRC), properties with spray foam insulation applied to the underside of the roof, large concrete panel systems, privately developed flats in blocks of five storeys or more and properties where the flat is accessed via a deck or balcony.

Legal & General - Flexible Yellow

Challenging to mortgage home variants with Marsden Building Society Equity Release include flats of less than 30 square metres in any location, properties converted from modern commercial premises, properties with more than one annexe or self-contained part of the property, properties with mobile phone masts which are not within influencing distance of the house and properties where Japanese Knotweed is present.

The Marsden Mortgages Over 55: A New Financial Horizon

Overview of Mortgages Over 55

For homeowners aged 55 and over, the mortgage landscape has evolved considerably over the past few decades. With the UK’s population living longer and traditional retirement ages shifting, more financial products cater to the unique needs of this age group.

Why the Demand?

As people live longer, the need for financial flexibility during retirement has grown. Mortgages for those over 55 provide an avenue for homeowners to tap into their property’s equity, either to bolster their retirement income, help younger family members, or finance home improvements.

The Impact of Interest Rates

Like any mortgage, the interest rates for products tailored to over 55s play a crucial role. Since these can often be longer-term loans, it’s essential to secure competitive rates to ensure they remain affordable throughout the loan’s lifespan.

Marsden BS Mortgages Over 60: Bridging the Retirement Gap

Benefits and Considerations

By the time homeowners reach 60, many are looking towards retirement, if they haven’t already done so. Mortgages designed for this age group often come with features like longer loan terms and the option for interest roll-up.

How Rates Differ

Compared to regular mortgages, rates for over 60s products might be slightly higher due to the increased risks associated with lending to older individuals. However, these rates remain competitive, especially when compared to other equity release products.

Marsden BS Mortgages Over 65: Maximizing Property Wealth

The Rise of Over 65s Mortgage Products

With a significant portion of the UK’s wealth tied up in property, homeowners over 65 are increasingly using mortgage products to access these funds. This trend has led to a rise in specialized products offering flexible repayment options and competitive rates.

Understanding Equity Release

Equity release, including lifetime mortgages, allows homeowners to access their home’s value without the need to move. For those over 65, these products can offer the financial freedom to enjoy their retirement fully.

Marsden BS Mortgages Over 70 and 75: Tailored Financial Solutions

Unique Financial Needs

As homeowners age, their financial needs can become more specific. They might require funds for healthcare, home modifications, or simply want to enjoy their later years. Mortgages for those over 70 and 75 are designed with these unique needs in mind.

Rate Considerations

While the market for these mortgages is growing, interest rates can be higher than standard mortgages. This is due to the perceived risks associated with lending to older individuals. However, for many, the benefits of accessing their property’s equity far outweigh the costs.

Marsden BS Retirement Remortgages and Pensioner Remortgage

Why Remortgage in Retirement?

For those already in retirement, remortgaging can provide a way to better manage their finances. This could be by securing a lower interest rate, releasing equity, or consolidating debts.

Pensioner Remortgage Options

Pensioners aren’t excluded from the mortgage market. With the right advice, they can access products tailored to their unique financial position, providing additional flexibility during their retirement years.

Marsden BS Lifetime Mortgage: A Deep Dive

How Does a Lifetime Mortgage Work?

A lifetime mortgage is a form of equity release where homeowners borrow against their property’s value. The loan, plus accumulated interest, is repaid when the homeowner dies or moves into long-term care.

Releasing Equity: The Ins and Outs

The primary purpose of a lifetime mortgage is to release equity. This provides homeowners with a lump sum, regular income, or a combination of both, all while they continue living in their home.

RIO Mortgage: A Newer Addition alongside the

Retirement Interest Only (RIO) mortgages are a relatively new addition to the financial landscape. Unlike traditional repayment mortgages, with a RIO mortgage, homeowners only pay the interest each month, with the principal repaid when the property is sold.

Comparing RIO with Other Equity Release Products

While RIO mortgages offer a way to access property wealth, they differ from other equity release products in several ways, including repayment structure, eligibility criteria, and interest rates.

The UK’s equity release market is vast and varied. With products tailored to different age groups and financial needs, homeowners have an array of options to access their property wealth. Whether it’s through a mortgage tailored to those over 55, 60, 65, 70, or 75, a retirement remortgage, or a more specialized product like a lifetime mortgage or RIO mortgage, the opportunities are plentiful. The key is to understand these products fully, seek professional advice, and secure the best interest rates possible.

Challenging to finance home titles include properties with a sinking fund of 7% or more of the property sale price when the property is sold, leasehold properties with a short lease, typically less than 70 years, or a defective lease, properties of non-standard construction, cob property and properties that has never been registered with the land registry.

Areas where retirement mortgages are popular, especially the Marsden BS Equity Release

  • Seaford
  • Charlbury
  • Grimsby
  • Shipston-on-Stour
  • Newmarket
  • Thorpe St Andrew
  • Oundle
  • Hitchin
  • Fordingbridge
  • Wigton
  • Horsham
  • Burton Latimer
  • Wetherby
  • Aylesbury
  • Beaconsfield
  • Warminster

Equity Release LTV and mortgages over 75

  • 50% lumpsum lifetime mortgages VitalityLife Equity Release
  • 25% loan to value (LTV) interest-only lifetime mortgages Clearly Loans
  • 30% LTV lumpsum lifetime mortgages Together
  • 45% loan to value (LTV) lifetime mortgage with flexible drawdown cash release New Life

Providers for UK Equity Release including the Marsden Building Society Equity Release

  • the Telegraph
  • Stonehaven
  • Aviva
  • The Exeter Equity Release

It is often found to encounter individuals looking for lump sum lifetime mortgages, lump sum lifetime mortgages or lifetime mortgage with flexible drawdown cash release, however, Just Retirement like AA equity release are keen to see paperwork to show your circumstances in the form of investment statements.

Equity Release percentages of your current property value

The older you are and the more illnesses you have you are the more tax-free cash you can release.

The 1st and 2nd charge lender will want to know if the property is a Semi detached freehold house or a Leasehold flat with share of freehold and if the resident is a Private Tenant.

Natwest Lifetime Mortgage Over 55

Marsden Building Society Product name: Older Borrower Mortgages Capital repayment or interest-only? Both available. Minimum property value: £150,000. Minimum/Maximum loan sum: £30,000/£750,000. Maximum LTV: 60%. Minimum/Maximum age at application: 55 Minimum; no max. Minimum income: £17,500; pension and earned income are considered. Mortgage term: Minimum five years; Maximum 30 years. Overpayments: 5% of the loan annually during the introductory term, fee-free. ERCs applicable above that but vary based on the deal. No overpayment limit or ERCs once the introductory term is over. How is the loan repaid? Through the sale of the property, other methods will be considered.

Some of the most popular retirement loan offerings include Lloyds Bank lifetime mortgages, Barclays retirement mortgages, NatWest help to buy for over 60s, Legal & General later life interest only mortgages and Nationwide Building Society mortgages for 60 plus.

Does Marsden Building Society do a retirement remortgage for retired homeowners over 60?

Yes, Marsden Building Society retirement remortgages for over 60s are 3.57% MER variable.

Does Marsden Building Society offer a pensioner remortgage for homeowners over 60?

Yes, Marsden Building Society pensioner remortgages for the over 60s are 3.56% MER variable.

Does Marsden Building Society do later life remortgages for the over 60s?

Yes, a Marsden Building Society later life remortgage for pensioners over 60 is 3.13% MER fixed.

Does Marsden Building Society do the best remortgages for retired for the over 60s?

Yes, a Marsden Building Society best remortgage for retired for pensioners over 60 is 3.76% APR fixed for life.

Does Marsden Building Society do remortgaging options for the over 60s?

Yes, a Marsden Building Society remortgaging option for pensioners over 60 is 3.24% APRC fixed for life.

Does the Marsden Building Society offer a mortgage calculator for pensioners over 60?

Yes, Marsden Building Society mortgage calculators for the over 60s shows 3.4% APRC fixed for life.

Does Marsden Building Society offer RIO mortgages for the over 60s?

Yes, a Marsden Building Society RIO mortgage for homeowners over 60 is 3.33% AER variable.

Does the Marsden Building Society do a retirement interest only mortgage for over 60s?

Yes, Marsden Building Society retirement interest only mortgages over 60 are 3.04% MER variable.