Old and Modern timber frame property – 2% Equity Release and mortgages for 2021

modern-timber-frame

    • All difficult property types considered, concrete and timber frame
    • Release money from your home
    • 2% MER rate
    • £299 valuation fee for a mortgage on timber framed house
    • No lenders fee and no brokers fee
    • No need to make monthly payments unless you want to on a flexible basis
    • Continue to stay in your house for as long as you like
  • Your Requirements

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

frame property

Recently completed mortgage, equity release and lifetime mortgage cases

nationwide timber frame mortgage

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.

mortgage on timber framed house - frame property

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.

timber frame mortgage

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.

lifespan of modern timber frame house

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.

  • Your Requirements

  • Please enter a number from 4000 to 20000000.
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nationwide timber frame mortgage
timber frame mortgage
mortgage on timber framed house
lifespan of modern timber frame house
timber finance - grade b mundic

frame property - mundic grade b

Equity Release LTV Percentages – timber frame house brick skin

  • 50% monthly payment lifetime mortgage LV Liverpool Victoria
  • 60% loan to value home reversion plans Key Solutions
  • 35% LTV monthly payment lifetime mortgage Shawbrook

Equity Release Lenders -Mortgage on timber framed house

  • Key Retirement
  • New Life
  • Age Concern
  • mortgage on timber framed house

timber frame house brick skin

mortgage on timber framed house

grade b mundic

timber finance - timber frame house brick skin

Aviva Retirement Mortgages

Canada Life Equity Release

Crown Drawdown Lifetime Mortgages

Just

Aviva Lifetime Mortgages

One Family

The mortgage lender will want to know if the property is a Freehold house or a Leasehold house and if the resident is an AST Tenant.

It’s often found to find people searching for lump sum lifetime mortgages, lump sum lifetime mortgages or monthly payment equity release, however, Bower like The Exeter Equity Release are keen to see paperwork to show your personal situation in the form of pension statements.

nationwide timber frame mortgage

Areas of the UK where equity release is common

  • Totnes
  • Newquay
  • Moreton-in-Marsh
  • Verwood
  • Hythe
  • Colchester
  • Sprowston
  • Fareham
  • Swanscombe and Greenhithe
  • Bradley Stoke
  • Louth
  • Dovercourt
  • Wigan
  • Lechlade
  • Pontefract
  • Just Retirement Drawdown Lifetime Mortgage
  • Liverpool Victoria LV Equity Release Plans
  • Nationwide Equity Release Schemes
  • HSBC Equity Release Schemes
  • TSB Lifetime Mortgage
  • Royal Bank of Scotland Equity Release Plans
  • Saga Equity Release Plans
  • Aviva Lifetime Mortgages
  • More2Life Capital Choice Plus Plan
  • Just Retirement Equity Release Plans
  • L&G Legal & General Flexible Lifetime Mortgage
  • Liverpool Victoria LV Equity Release Plans
  • Pure Retirement Classic Voluntary Payment Super Lite
  • Stonehaven Equity Release
  • Nationwide Interest Only Lifetime Mortgage
  • Lloyds Bank Equity Release Plans
  • Royal Bank of Scotland Lifetime Mortgage
  • Saga Equity Release Schemes
  • Canada Life Prestige Flexi Option
  • Nationwide Equity Release Schemes
  • Pure Retirement Drawdown Plan
  • Lloyds Bank Equity Release Schemes
  • Royal Bank of Scotland Equity Release Plans

Equity Release percentages of your current property value

The more elderly you are and the sicker you are the more cash you can release.

Examples of small business owners with home equity to release

  • Manufacture of other special-purpose machinery n e c Sleaford
  • Financial intermediation not elsewhere classified Ilminster
  • Cold drawing of bars Havant
  • Environmental consulting activities Slough
  • Research and experimental development on biotechnology Enfield
  • Technical and vocational secondary education Westhoughton
  • Retail sale of fruit and vegetables in specialised stores Frodsham
  • Manufacture of air and spacecraft and related machinery Patchway
  • Renting and leasing of trucks and other heavy vehicles Nelson
  • Financial leasing Darley Dale
  • Wholesale of tobacco products Chipping Norton
  • Manufacture of communication equipment other than the telegraph, and telephone apparatus and equipment Reepham
  • Manufacture of electric lighting equipment Southwold
  • Space transport Whitworth
  • Wholesale of waste and scrap Irthlingborough
  • Printing n e c Cirencester
  • Manufacture of machinery for paper and paperboard production Dukinfield
  • Manufacture of other paper and paperboard containers Amble

Disadvantages of Equity Release Plans and a mortgage on timber framed house

Home reversion plans can reduce the value of your estate. A monthly payment lifetime mortgage may impact entitlements to state benefits. You may need to pay an advisor’s fee and you could have higher rates to pay with some schemes.  A mortgage on timber framed house can still be achieved at a low APR rate.

Accept the properties of Standard and Modern Methods of Construction (MMC).

The following methods of construction can be acceptable:

Any property of Easiform construction.
Any property containing mundic concrete.
Any property containing no-fines concrete.
Flats or maisonettes in blocks exceeding 20 storeys.

Grade 1 listed buildings in England and Wales / Grades A and B in Scotland.
Mobile homes and houseboats.
Properties constructed with high-alumina cement, timber-framed property with no brick skin or 100% steel or timber-framed property. This does not include high rise developments.

Property designated defective under Part XVI Housing Act 1985, Housing (Scotland) Act 1987 or Pre-Cast Reinforced Concrete (PRC) property

repaired under a licence repair scheme property