- Release tax-free cash from your home
- You don’t need to make regular monthly payments
- Use the cash to pay off loans and credit cards
- Stay living in your own home
Pitfalls of Interest Only Lifetime Mortgages
Monthly payment equity release can reduce the inheritance for your family. Interest-only lifetime mortgages may impact ability to claim entitlements. You may need to pay an advisor’s fee and some products expose you to changes in interest rates.
The mortgage lender will want to know if the property is a Detached freehold house or a Leasehold house and if the resident is an Owner Occupier.
Towns of the UK where Lifetime Mortgages are popular
- Waltham Cross
- Hungerford
- Tottenham
- Bradford-on-Avon
- Lytchett Minster & Upton
- Fazeley
- Bedford
- Eastleigh
- Stretford
- Shepton Mallet
- Market Deeping
- Burgess Hill
- Stanhope
Equity release is common among business owners like below
- Freight transport by road Ulverston
- Manufacture of plastics in primary forms Malton
- Activities of collection agencies Gravesend
- Manufacture of condiments and seasonings Macclesfield
- Film processing Faringdon
- Site preparation Newton Aycliffe
- Other specialised construction activities n e c Maidstone
- Casting of light metals Market Rasen
- Media representation services Lynton & Lynmouth
- General public administration activities Tenbury Wells
- Manufacture of woven or tufted carpets and rugs Ringwood
- Manufacture of industrial gases Bridlington
- Other food services Loughborough
- Other amusement and recreation activities n e c Warrington
- Mixed farming Irthlingborough
- Growing of citrus fruits Hartland
- Manufacture of paper and paperboard Somerton
- Security systems service activities East Ham
How much is it common to release from a home
- 55% interest-only lifetime mortgages VitalityLife Equity Release
- 60% loan to value lump sum lifetime mortgages Lifetime Mortgage from L&G
- 60% loan to value lifetime mortgage with flexible drawdown cash release Aviva
- 35% loan to value (LTV) monthly payment equity release 1st Stop Home Loans
Equity Release Scheme Providers
- More2Life
- Pure Retirement
- More2Life
- Liverpool Victoria
- Zurich
- Bridgewater Equity Release Plans
- Just Retirement Equity Release Schemes
- More2Life Flexi Choice Drawdown Lite Plan
- Lloyds Bank Equity Release Schemes
- NatWest Equity Release
- Age Partnership Equity Release Plans
- Bridgewater Equity Release
- HSBC Equity Release
- Bridgewater Equity Release Plans
- Just Retirement Equity Release Plans
- Stonehaven Equity Release Plan
- More to Life Capital Choice Plan
- Nationwide Equity Release Plans
- HSBC Interest Only Lifetime Mortgage
- Age Partnership Equity Release Schemes
Aviva Drawdown Lifetime Mortgages
Hodge Lifetime Lifetime Mortgages
More2Life Drawdown Lifetime Mortgages
One Family Lifetime Mortgages
Crown Equity Release
Hodge Lifetime Lifetime Mortgages
How much is it common to release from a home
The more aged you are and the sicker you are the more cash you can release.
It is often found to find individuals looking for monthly payment lifetime mortgage, lump sum life time mortgages or home reversion plans, however, Key Solutions like Zurich are keen to see evidence of your circumstances in the form of investment statements.
