4.75% National Counties Equity Release With Free Valuation

• Release cash from your house with National Counties Building Society Equity Release
• No regular monthly repayments
• Free valuation
• Use the money to keep another family member away from a high loan-to-value mortgage.
• Are you still paying a mortgage? That’s fine. We can help
• Stay living in your property for as long as you like
• It can be used to help with tax planning

How much can I borrow?

You can get 60% of your property’s valuation. For example, if your home is valued at £340,000, you can get £204,000.

Testimonials and Example Cases

Mrs E from London

My mortgage needed to be repaid to the existing lender. I thought I was going to lose my house. Thanks to Concise, I got an equity release to pay off my mortgage.

Mr Smith from Kendal

My financial advisor told me I should get equity release and gift money to my five children now as it would save a massive amount of inheritance tax.

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 allowed them to get a terrific mortgage deal, especially one poorly paid son.

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 year’s rent in advance for a new flat for the baby.

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 let him deposit a substantial deposit, so his mortgage was tiny. My equity release interest rate was close to the interest rate offered by his bank.

Ms G from Dover

I divorced my husband, who was a violent alcoholic. I feared losing my home as I sometimes looked after my daughter’s children. Equity release enabled me to pay off my ex and stay secure in my house.

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.

Equity Release LTV Percentages

The more elderly and sicker you are, the more money you can release.

Downsides of Home Reversion Schemes

Interest-only lifetime mortgages can reduce the value of your estate. Monthly payment equity release may impact the ability to claim benefits. You may need to pay a valuation fee; some products expose you to changes in interest rates.

National Counties Building Society Equity Release Scheme Providers

• More to life
• Santander
• Age Concern
• Aegon

Pure Retirement Equity Release

Challenging to finance home variants can include properties with a sinking fund of 7% or more of the property sale price when the property is sold, high service charges – properties where the Service Charge per annum at the time of application is more than 2% of the property value, properties where there are boundary disputes or where planning applications have not been applied for correctly, thatched buildings and Reema Hollow panel, Schindler and Hawksley SGS, Stent, Stonecrete, Stour, Tarran, Underdown, Unity and Butterley, Waller, Wates, Wessex, Winget and Woolaway.

It is usual to discover individuals looking for monthly payment equity release, monthly payment lifetime mortgage or home reversion schemes; however, Lifetime mortgages from L&G like Legal & General are keen to see paperwork to show your situation in the form of investment statements.

• Age Partnership House
• Lloyds Bank Equity Release On Second Homes
• nationwide mortgages for over 60s Retirement Mortgages
• Nationwide Lifetime Mortgage Advisers

Understanding Equity Release Rates and Their Implications

Mortgages Over 55: The Initial Threshold compared with mortgages over 75

As homeowners cross the age of 55, they begin to access new financial instruments specifically tailored for their age bracket. These instruments help them make the most of their property’s value.

Why Mortgages Over 55 are Different

By the age of 55, most homeowners have accumulated substantial equity in their homes. This equity can be leveraged through specialized mortgage products. Lenders often provide preferential rates and terms to such borrowers, considering the amount of equity they have and their stable financial standing.

How Rates Are Determined

The mortgage rates over 55 are influenced by multiple factors, including the national economic climate, the borrower’s credit history, and the loan-to-value ratio. With more equity, better rates are often available.

Mortgages Over 60: Tapping into Matured Assets

Benefits of Mortgages Over 60

At 60, homeowners are looking at transitioning into retirement. These specialized mortgages cater to such transitions, allowing borrowers to restructure their financial assets to maximize comfort during retirement.

Rate Implications

The rates for mortgages over 60 might be more competitive than those for younger age groups. This is primarily because of the short duration of the loan and the higher equity that homeowners typically have by this age.

Mortgages Over 65: Aligning with Retirement Goals

The Shift in Priorities

By 65, most individuals have retired or are on the cusp of retirement. In many cases, their primary residence is a significant, if not the largest, asset. The mortgage products in this category reflect this shift in priorities.

Rates and Factors

The rates for mortgages over 65 are tailored to cater to retirees. Many retirees ‘ fixed incomes often come with features that allow more flexibility.

Mortgages Over 70 and Over 75: The Advanced Stages

These age groups represent advanced stages in life, where leveraging home equity becomes crucial for many, whether for health-related expenses, travel, or helping younger family generations.

Rate Considerations

Given the age and potential health implications, the interest rates for these mortgages can differ. Lenders assess the risks associated with the loan’s likely duration and the borrower’s health.

Retirement Remortgages: Redefining Financial Plans

The Need for Remortgaging

Retirement remortgages allow senior homeowners to realign their mortgages according to new post-retirement financial scenarios.

How Rates Play a Role

Interest rates in this sector reflect market conditions, the borrower’s financial health, and the inherent risks of lending to retirees.

Pensioner Remortgage: Specifics for Pension Holders

Distinguishing Factors

Pensioner remortgages are designed for those primarily on pension incomes. The predictability of this income can influence the rates offered by lenders.

Lifetime Mortgage: A Popular Equity Release Product

Basics of Lifetime Mortgages

Lifetime mortgages allow homeowners to tap into their property’s equity, converting it into a lump sum, a regular income, or a mix of both.

Interest Rate Mechanics

With no monthly repayments and the rolling up of interest, understanding the compounding effect and how rates impact the amount to be repaid becomes vital.

Release Equity and Equity Release: Harnessing Home Value

Equity Release Products

Equity release schemes enable older homeowners to access the wealth tied up in their homes without selling.

Rate Influences

Different equity release schemes come with various rate structures. These rates determine the long-term cost of the product, influencing the homeowner’s decision.

RIO Mortgage: A Distinct Mortgage Product

Introduction to RIO Mortgages

Retirement Interest Only (RIO) mortgages are unique because borrowers are only required to pay the interest, with the principal amount repaid usually upon the home’s sale or death.

How RIO Rates are Crafted

The rates for RIOs may be influenced by market trends, the borrower’s age, and the loan-to-value ratio, among other factors.

In conclusion, equity release products offer homeowners many options to navigate their later-life financial needs. By understanding the nuances of each option, especially the associated interest rates, homeowners can make informed decisions that serve their best interests.

• Bad Credit Mortgage UK
• Natwest Lifetime Mortgage Calculator
• Barclays Retirement Interest Only Mortgage Fixed Rate
• Natwest Equity Release
• YBS Lifetime Mortgage Buy To Let
• BISF Equity Release Schemes
• Lloyds
• Nationwide Retirement Mortgage Interest Rates
• Halifax Equity Release Advice
• Natwest Retirement Mortgage Interest Only
• Best Mortgages For Over 50s Retirement Mortgage Advice
• Nationwide Equity Release From House
• Tipton & Coseley Mortgage Rates 2024
• Yorkshire Bank Equity Release Loan

• L&G Legal & General Flexi Max Voluntary Repayment Plan
• Liverpool Victoria LV= Lump Sum Plus Lifetime Mortgage
• Pure Retirement Classic Voluntary Payment Super Lite
• Royal Bank of Scotland Equity Release Schemes
• Aviva Lifetime Mortgages for Pensioners
• Bridgewater Equity Release Plans
• National Counties Building Society Equity Release
• More to life Flexi Choice Drawdown Lite Plan
• Hodge Indexed Lifetime Mortgage
• Just Retirement Drawdown Lifetime Mortgage
• Nationwide Equity Release
• Lloyds Bank Equity Release Plans
• NatWest Equity Release Plans
• Royal Bank of Scotland Interest Only Lifetime Mortgage
• Age Partnership Equity Release Schemes
• Aviva Flexible Voluntary Repayment Plan
• Stonehaven Equity Release Plan
• National Counties Building Society Equity Release
• Royal Bank of Scotland Equity Release Plans

Retired small business owners that may be interested in National Counties Building Society Equity Release

• Wholesale of live animals Kirkby Stephen
• Activities of venture and development capital companies Henley-in-Arden
• Activities of mortgage finance companies Pocklington
• Leasing of intellectual property and similar products, except copyright works Wokingham
• Activities of head offices Tenbury Wells
• Freight air transport Ludlow
• Hotels and similar accommodation Witney
• Printing n e c Stapleford
• Washing and dry-cleaning of textile and fur products Fakenham
• Sea and coastal freight water transport Crook
• Manufacture of other non-metallic mineral products n e c Burford
• Manufacture of machinery for food, beverage and tobacco processing Chippenham
• Motion picture, video and television programme post-production activities Crewe
• Construction of utility projects for fluids Cockermouth
• Retail sale of music and video recordings in specialised stores Ledbury
• Other amusement and recreation activities n e c Hoddesdon
• Activities of sports clubs Ashby would
• Retail sale via stalls and markets of textiles, clothing and footwear Stalham

Does the National Counties Building Society offer Equity Release?

Yes, the National Counties Building Society Equity Release is 2% MER.

Equity Release LTV Percentages

• 50% monthly payment lifetime mortgage LV Liverpool Victoria
• 55% loan to value monthly payment equity release 1st Stop Home Loans
• 25% LTV home reversion schemes Masthaven
• 45% loan to value lifetime mortgage with flexible drawdown cash release Vida
• 25% loan to value (LTV) lump sum lifetime mortgages Holmesdale Building Society

Does the National Counties Building Society offer Pensioner Mortgages?

Yes, National Counties Building Society Pensioner Mortgages are 2.14% MER.

Challenging to finance home variants include properties with outbuildings used for everyday domestic purposes (garage, workshop, stables, barn, etc.), 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 adversely affected by existing or proposed issues including roads, rail, airports, power plants, power lines/towers, wind turbines, substations, sewage works, quarries, fuel stations, refuse sites, sports grounds, noise, light or environmental pollution.

The mortgage lender, National Counties Building Society Equity Release, will want to know if the property is a Freehold house or a Leasehold flat and if the resident is an Assured shorthold tenant.

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 two storeys without a lift and properties where the flat is accessed via a deck or balcony.

Do the National Counties Building Society do Retirement Mortgages?

Yes, National Counties Building Society Retirement Mortgages are 2.22% APRC.

Difficult-to-finance home types can include homes requiring essential repairs, properties where tenants live in a self-contained part of the property, leasehold properties (England, Wales, Northern Ireland) subject to a lease length of 160 years, crofted houses and freehold flats (England, Wales, Northern Ireland).

Popular LTV percentages of Standard Chartered over 60 mortgages, Zurich lifetime mortgages for those over 55s, Sainsbury later life interest-only mortgages over 75, Skipton Building Society mortgages for those over 65, Nottingham Building Society interest-only mortgages for over 60s and Progressive Building Society interest-only mortgages for over 60s are 35%, 60% and 65%.

Does the National Counties Building Society do Equity Release Under 55?

National Counties Building Society Equity Release Under 55 is 1.86% MER.

Typical loan to values of Liverpool Victoria lifetime mortgages for over 60s, More to life mortgages for over 60s, One Family mortgages for people 60 plus, Yorkshire Building Society retirement mortgages over 70, Royal London RIO mortgages over 75 and Sun Life mortgages for 60-year-olds are 45%, 55% and 70%.

Typical loan to values of Lloyds interest only lifetime mortgages for over 60s, Barclays Bank later life mortgages for over 70s, Halifax later life borrowing schemes over 55, L&G mortgages for people over 50, Royal Bank of Scotland interest only mortgages for over 60s and Nationwide later life interest-only mortgages over 60 are 50%, 60% and 65%.

Towns of the UK where National Counties Building Society Equity Release are routine

• Gorleston-on-Sea
• Cirencester
• New Alresford
• Potton
• Ollerton and Boughton
• Bury St Edmunds
• Shirebrook
• Waltham Abbey
• Wainfleet All Saints
• Chippenham
• Newbiggin-by-the-Sea
• Leighton-Linslade
• Southwick
• Budleigh Salterton
• East Retford
• Rothwell
• Fazeley
• Bebington
• Lyme Regis
• Stourport-on-Severn
• Southminster
• Newlyn
• Brixham
• Slough
• Bridgnorth
• Sandbach
• Barnes

Some of the most popular retirement finance offerings are Lloyds mortgages for those over the 60s, TSB later life interest-only mortgages for those over 60, Post Office interest-only retirement mortgages for those over 70s, Legal and General RIO mortgages and Nationwide BS lifetime mortgages.

Does the National Counties Building Society offer Lifetime Mortgages?

The National Counties Building Society does lifetime mortgages at 2.1% APR. National Counties Building Society Lifetime Mortgages have an LTV of 65%.