- Release money from your home
- Not necessary to make monthly payments
- Use the money to buy another property
- Continue to live in your own home for as long as you like
- Can be used to help tax planning
What percentage can be released?
- 60% interest-only lifetime mortgages Zurich
- 45% loan to value (LTV) lump sum lifetime mortgages Vida
- 25% LTV monthly payment equity release Central Trust
- 40% loan to value monthly payment lifetime mortgage LV lifetime mortgage
- 30% loan to value interest-only lifetime mortgages HSBC Direct
Drawbacks of Home Reversion Schemes
Lumpsum lifetime mortgages can reduce the value of your estate. A monthly payment lifetime mortgage may impact the ability to claim entitlements. You may need to pay a valuation fee and some products expose you to changes in interest rates.
Business owners details likely with equity to release
- Other residential care activities n e c Southborough
- Buying and selling of own real estate Church Stretton
- Activities of agricultural holding companies Chesterfield
- Manufacture of optical precision instruments Earl Shilton
- Motion picture, television and other theatrical casting activities Longridge
- Manufacture of homogenised food preparations and dietetic food Halewood
- Manufacture of fibre cement Newport Pagnell
- Manufacture of metal structures and parts of structures Dukinfield
- Manufacture of industrial gases Sutton
- Manufacture of builders ware of plastic Kirkby Stephen
- Production of motorcycles Middlewich
- Retail sale of hearing aids Battle
- Retail sale of flowers, plants, seeds, fertilisers, pet animals and pet food in specialised stores Sandown
- Wholesale of coffee, tea, cocoa and spices Glastonbury
- Manufacture of consumer electronics Ashton-under-Lyne
- Manufacture of other products of wood; manufacture of articles of cork, straw and plaiting materials Bridport
- Manufacture of communication equipment other than the telegraph, and telephone apparatus and equipment Corringham
- Cargo handling for land transport activities Kesgrave
It is common to find individuals seeking out lump sum lifetime mortgages, monthly payment lifetime mortgage or lifetime mortgage with flexible drawdown cash release, however, Age Partnership like The Exeter Equity Release are keen to see evidence of your situation in the form of bank statements.
UK Lenders for Equity Release
- More2Life
- Step Change
- Key Retirement
- Zurich
- Bridgewater Lifetime Mortgage
- Just Retirement Interest Only Lifetime Mortgage
- L&G Legal & General Flexible Max Plus
- Nationwide Equity Release Plans
- NatWest Lifetime Mortgage
- More to Life Flexi Choice Voluntary Payment Super Lite
- L&G Legal & General Flexible Max Scheme
- Pure Retirement Classic Drawdown Lite Plan
- Stonehaven Equity Release Plan
- TSB Equity Release
- Saga home reversion plan
- Absolute Retirement Drawdown Plan
- Lloyds Bank Lifetime Mortgage
- Saga Lifetime Mortgage
- L&G Legal & General Flexible Max Plus
- More to Life Flexi Choice Drawdown Lite Plan
- Pure Retirement Drawdown Plan
- TSB Equity Release
- Royal Bank of Scotland Interest Only Lifetime Mortgage
Towns in the UK where retirement mortgages are routine
- Ludgershall
- Bollington
- Kirkby Lonsdale
- Chipping Campden
- Grange-over-Sands
- Eastleigh
- Snodland
- Padstow
- Staveley
- Darley Dale
- Corringham
- Bruton
- Newent
- Tring
- Haslingden
- Fakenham
- Market Weighton
- Hexham
Just Mortgages
Nationwide Equity Release Advice
Equity Release Loan To Value
The more elderly you are and the more serious your illnesses you are, the more money you can release.
The 1st and 2nd charge lender will want to know if the property is a Freehold house or a Leasehold flat with share of freehold and if the resident is an Owner Occupier.
