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Equity Release from Metrobank 3.14% – Lifetime Mortgage Options

metrobank

  • Remove tax-free money from your home
  • No monthly payments
  • Free valuation
  • Use the money you release for anything you like
  • Still, have a mortgage? We can help with that
  • Continue to stay in your property
  • Can be a vehicle to reduce tax bills

Loan to value for equity release?

You can release 60% of your property’s valuation. As an example, if your house is worth £300000 you can release £180000.

  • Your Requirements

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


RIO

Sophie G from Aberdeen

The financial advisor I’ve had for 25 years said I could save inheritance tax by getting £350,000 of equity release. The money was lent at a very low-interest rate close to 2% and competitive with normal mortgages you would get by proving income. I have saved a lot of tax.

mr-g

Mr G from Kent
I got an interest-only lifetime mortgage and gave my sons £100,000 each so they could put a deposit down on a home. My money made it possible for them to get a very good mortgage deal, especially one son who is not well paid.

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 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

  • 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.

Putney Home
Homeowner in their 60s
Homeowner in their 70s

  • Renting and leasing of cars and light motor vehicles Corsham
  • Renting and leasing of air passenger transport equipment Ashton-under-Lyne
  • Distribution of gaseous fuels through mains Coggeshall
  • Other telecommunications activities Royal Leamington Spa
  • Building of ships and floating structures Rochdale
  • Manufacture of bearings, gears, gearing and driving elements Nuneaton
  • Retail sale of audio and video equipment in specialised stores Wendover
  • Manufacture of motor vehicles Emsworth
  • Liquid milk and cream production Basingstoke
  • Activities of other holding companies n e c Kirkby Lonsdale
  • Wholesale of musical instruments Maryport
  • Other service activities n e c Castleford
  • Manufacture of steel drums and similar containers Loughborough
  • Steam and air conditioning supply Redruth
  • Activities of real estate investment trusts Swanage
  • Other manufacturing n e c Shepton Mallet
  • Take-away food shops and mobile food stands Fleetwood
  • Manufacture of explosives Kirton-in-Lindsey

Self Cert Spanish Mortgage

What percentage can be released?

  • 55% monthly payment equity release The Exeter Equity Release
  • 35% loan to value (LTV) lifetime mortgage with flexible drawdown cash release New Life
  • 60% loan to value (LTV) monthly payment lifetime mortgage 1st Stop Home Loans
  • 25% loan to value (LTV) lumpsum lifetime mortgages Step One Finance

 

Tough to finance property titles can include properties with a sinking fund of 7% or more of the property sale price when the property is sold, properties without a kitchen or bathroom, properties where there are boundary disputes or where planning applications have not been applied for correctly, thatched buildings and Airey, Boot, Cornish Unit, Dorran, Dyke, Gregory, Hamish Cross, Myton, Newland, Orlit and Parkinson Frame.

Challenging to mortgage property variants can include flats of less than 30 square metres in any location, properties with grounds in excess of five acres, 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.

Do Metrobank do Equity Release?

Yes, Metrobank Equity Release is 1.81% MER.

Aviva lifetime mortgage with cashback

Difficult to finance property variants can include timber framed properties built before 1920, properties with single skin brickwork where the single skin comprises more than 20% of the surface area of the external walls, studio flats located within the M25, 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.

Hodge Lifetime - Lump Sum Lifetime Mortgage

Do Metrobank do Pensioner Mortgages?

Yes, Metrobank Pensioner Mortgages are 2.09% APRC.

Hard to finance home variants include homes requiring essential repairs, age restricted properties, 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 where the borrower(s) own the freehold with any connected party.

Pure Retirement - Classic Super Lite

Some of the most popular loan to value ratiosof Virgin Money pensioner mortgages over 55, Zurich mortgages for pensioners over 60, Churchill retirement interest only mortgages over 75, Coventry Building Society mortgages over 65, Nottingham Building Society interest only mortgages for over 60s and Progressive Building Society later life interest only mortgages over 60 are 40%, 60% and 65%.

Pure Retirement Ltd lifetime mortgage

Popular LTV percentages of Liverpool Victoria mortgages for people over 50, More 2 Life retirement mortgages over 60, One Family later life mortgages for over 60s, Yorkshire Bank lifetime mortgages for people over 55, Principality Building Society equity release schemes for people over 70 and SunLife mortgages over 65 are 50%, 55% and 65%.

The lender will want to know if the property is a Freehold house or a Leasehold flat and if the resident is an Assured shorthold tenancy tenant.

No Doc Spanish Mortgage

Do Metrobank do Retirement Mortgages?

Yes, Metrobank Retirement Mortgages are 1.92% MER.

 

Providers for Equity Release

  • Lifetime Mortgage from L&G
  • Bridgewater
  • the Telegraph

It is very regular to discover people looking for lump sum lifetime mortgages, lump sum life time mortgages or monthly payment equity release, however, Just Retirement like LV Liverpool Victoria are keen to see proof of your circumstances in the form of investment statements.

Towns of the UK where equity release is routine

  • Bruton
  • Erith
  • Brough
  • Hornsea
  • Droitwich Spa
  • Silsden
  • Halifax
  • Lyme Regis

 

What percentage can be released?

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

Hodge Lifetime Equity Release

LV Retirement Mortgages

 

Do Metrobank do Equity Release Under 55?

Yes, Metrobank Equity Release Under 55 is 2.08% MER.

Some of the most popular loan to value percentage ratios of TSB pensioner mortgages over 55, HSBC over 60 lifetime mortgages no fees, Natwest later life interest only mortgages over 75, Legal and General equity release schemes for over 55’s, Royal Bank of Scotland pensioner mortgages over 55 and Nationwide BS mortgages for people 60 plus are 45%, 60% and 70%.

Pitfalls of Lifetime Mortgages

Monthly payment equity release can reduce your estate value. Lifetime mortgage with flexible drawdown cash release may impact entitlements to state benefits. You may need to pay an advisor’s fee and some products expose you to changes in interest rates.

  • Just Retirement Equity Release Schemes
  • L&G Legal & General Flexible Lifetime Mortgage
  • Liverpool Victoria LV= Lump Sum Plus Lifetime Mortgage
  • More2Life Capital Choice Plan
  • HSBC Equity Release Plans
  • Lloyds Bank Lifetime Mortgage
  • More to Life Flexi Choice Voluntary Payment Super Lite
  • Royal Bank of Scotland Interest Only Lifetime Mortgage
  • More2Life Flexi Choice Drawdown Lite Plan
  • More 2 Life Capital Choice Plus Plan
  • NatWest Lifetime Mortgage
  • Saga home reversion schemes
  • Age Partnership Equity Release Plans
  • Aviva Flexible Voluntary Repayment Plan
  • More2Life Capital Choice Plan
  • Liverpool Victoria LV Equity Release Plans
  • Pure Retirement Classic Voluntary Payment Super Lite
  • HSBC Equity Release Schemes
  • More to Life Flexi Choice Drawdown Lite Plan
  • Age Partnership Lifetime Mortgage
  • Bridgewater Lifetime Mortgage
  • Canada Life Lifetime Mortgage
  • Hodge Equity Release Plans
  • Stonehaven Lifetime Mortgage
  • Royal Bank of Scotland Equity Release Schemes

 

Many of the most appealing pensioner finance products are Lloyds later life mortgages, Barclays over 60 lifetime mortgages, Halifax later life interest only mortgages over 60, Legal and General later life mortgages and Nationwide Building Society retirement mortgages.

Does Metrobank offer Lifetime Mortgages?

Yes, Metrobank does lifetime mortgages at 2.06% MER. Metrobank Lifetime Mortgages have a loan to value of 60%.