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Discover the benefits of Newbury Equity Release for UK property

newbury building society

  • Release money from your home with Newbury Building Society Equity Release
  • Not necessary to make regular monthly payments
  • Use the money you release for anything you like
  • Continue to live in your own house

How much money can I release?

You can release 60% of your home’s valuation. For example, if your house is valued at £230000 you can get £138000.

  • Free No Obligation Quote

  • Please enter a number from 3000 to 2000000000.
  • Please enter a number from 30000 to 100000000.
  • Leave blank if no mortgage outstanding
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Concise Finance Customer Reviews

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

Mrs Shaw from Lancaster

Newbury Building Society Equity Release

I had an interest-only mortgage with Birmingham Midshires. The mortgage had come to the end of its term and they wanted the £127000 back I still owed them. My lifetime mortgage saved me from losing my home and the rate was close to what I paid before.

Sophie G from Aberdeen

RIO

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.

Mrs E from London

RIO

I was advised to get equity release from my East London home to minimise inheritance tax. My son and daughter used the money to pay down their mortgages. The interest rate on the equity release was so low it was close to their mortgage rate.

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.

RIO

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.

  • Free No Obligation Quote

  • Please enter a number from 4000 to 20000000.
  • Leave blank if no mortgage outstanding
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Money tied up in home

Do Newbury Building Society do Lifetime Mortgages?

Yes, Newbury Building Society do lifetime mortgages at 2.19% APR. Newbury Building Society Lifetime Mortgages have a loan to value of 55%.

Wandsworth Family Home

Do Newbury Building Society do Equity Release Under 55?

Yes, Newbury Building Society Equity Release Under 55 is 2.27% APR.

London House Finance

Does Newbury Building Society offer Retirement Mortgages?

Yes, Newbury Building Society Retirement Mortgages are 2.18% MER.

Money tied up in house

Do Newbury Building Society do Pensioner Mortgages?

Yes, Newbury Building Society Pensioner Mortgages are 1.87% APRC.

Does Newbury Building Society offer Equity Release?

Yes, Newbury Building Society Equity Release is 1.8% MER.

Towns where Lifetime Mortgages are routine

  • Charlbury
  • Bollington
  • Rye
  • Berkeley
  • Hawes
  • Malton
  • Southwick
  • Ventnor
  • Horncastle
  • Broseley
  • Bulwell
  • Woburn Sands
  • Wolverton and Greenleys
  • Ilfracombe
  • Ottery St Mary
  • Sevenoaks

What are the current Newbury Building Society interest rates for equity release?

Newbury Building Society rates for equity release are 1.99% APRC.

Equity Release LTV

  • 50% home reversion schemes Royal London Equity Release
  • 30% loan to value monthly payment lifetime mortgage Evolution Money
  • Liverpool Victoria LV Equity Release Plans
  • Pure Retirement Equity Release Plans
  • Saga Lifetime Mortgage
  • More to Life Capital Choice Plus Plan
  • Pure Retirement Equity Release
  • Stonehaven Interest Only Lifetime Mortgage
  • Aviva Lifetime Mortgages for Pensioners
  • More to life Flexi Choice Voluntary Payment Super Lite
  • Canada Life Equity Release Plans
  • Nationwide Interest Only Lifetime Mortgage
  • Lloyds Bank Lifetime Mortgage
  • TSB Lifetime Interest Only Mortgage
  • Royal Bank of Scotland Equity Release
  • Canada Life Second Home Voluntary Select Plan
  • Just retirement equity release key features
  • More to life Tailored Choice Plan
  • Stonehaven Equity Release Scheme
  • TSB Equity Release Schemes
  • Royal Bank of Scotland Equity Release Plans
  • Saga home reversion plan
  • More 2 Life Capital Choice Plus Plan

Do Newbury Building Society have favourable reviews for equity release?

Yes, Newbury Building Society reviews are superb for equity release.

Downsides of Newbury Building Society Equity Release

Lumpsum lifetime mortgages can reduce your estate value. Home reversion schemes may impact entitlements to benefits. You may need to pay a solicitor’s fee and you could have higher rates to pay with some schemes.

Equity release is common among business owners like below

  • Manufacture of locks and hinges South Shields
  • Operation of warehousing and storage facilities for air transport activities Horsham
  • Retail sale via stalls and markets of food, beverages and tobacco products Beckenham
  • Manufacture of other men’s outerwear Maidenhead
  • Renting and leasing of cars and light motor vehicles Stockport
  • Manufacture of other builders’ carpentry and joinery Helston
  • Other passenger land transport Brandon
  • Post-harvest crop activities Wymondham
  • Sale of other motor vehicles Wellington
  • Activities of conference organisers Sprowston
  • Retail sale of sports goods, fishing gear, camping goods, boats and bicycles Amble
  • Support activities for other mining and quarrying Stroud
  • Roofing activities Crewe
  • Retail sale via stalls and markets of textiles, clothing and footwear Crawley
  • Production of coffee and coffee substitutes Wareham
  • Other amusement and recreation activities n e c Wallasey
  • Recovery of sorted materials South Brent
  • Activities of construction holding companies Clun

Hodge Lifetime Mortgages

Many of the most appealing retirement loan offerings are Lloyds later life mortgages, Barclays retirement interest only mortgages, NatWest retirement interest only mortgages, Legal and General later life borrowing schemes and Nationwide Building Society RIO mortgages.

One Family Retirement Mortgages

Popular LTV ratios of Lloyds Bank lifetime mortgages for over 55s, Barclays mortgages for pensioners over 60, NatWest later life mortgages for over 70s, Legal and General equity release schemes for over 55’s, Bank of Scotland mortgages for people 60 plus and Nationwide BS interest only lifetime mortgages for over 60s are 50%, 60% and 65%.

Canada Life Retirement Mortgages

Newbury Building Society and Mortgages

Newbury Mortgages

When it comes to securing a lifetime mortgage for those over 60, Newbury Building Society is one of the institutions that potential borrowers might consider. Newbury mortgages are tailored to cater to a variety of needs, including those of the older generation who are keen on tapping into the equity of their homes without selling them.

Newbury Building Society Reviews

Feedback and reviews play a significant role in the decision-making process for many borrowers. Newbury Building Society reviews shed light on customer experiences, the efficiency of their services, and the competitiveness of their interest rates. These reviews can be found on various platforms and provide valuable insights, especially for those looking at lifetime mortgages and equity release schemes.

Leeds Building Society Overpayments

While we’re on the subject of mortgages, it’s worth noting the policies of other institutions like Leeds Building Society. One of the features that Leeds offers is the possibility of mortgage overpayments. By overpaying, homeowners can potentially reduce the amount of interest they pay over the life of the loan and can also aim to pay off their mortgage earlier. However, it’s always essential to understand the terms and any potential penalties for overpayments.

Newbury Building: More than Just Mortgages

Beyond mortgages, Newbury Building Society offers a range of financial products and services tailored to various needs. From savings accounts to insurance products, Newbury Building provides a holistic approach to financial management.

Santander Newbury and Other Financial Institutions

While Newbury Building Society is a noteworthy choice for many, it’s essential to compare offerings from other financial institutions. Santander Newbury, for instance, is another branch where potential borrowers can explore mortgage options. Each institution will have its range of products, interest rates, and terms.

Mortgage Broker Newbury

For those unsure about navigating the world of mortgages and equity release schemes alone, seeking assistance from a mortgage broker in Newbury can be beneficial. They can provide expert guidance, compare rates across different lenders, and help clients understand the nuances of each product.

Newbury Building Society Interest Rates and Overpayment Calculators

Interest rates are a significant factor when considering any loan, including lifetime mortgages. Newbury Building Society interest rates are competitive and cater to various financial products. On the other hand, tools like the Nationwide mortgage overpayment calculator can help potential borrowers understand the impact of making additional payments on their mortgage, giving them a clearer picture of their financial trajectory.

In the ever-evolving financial landscape, being equipped with accurate information and understanding the offerings of institutions like Newbury Building Society can make the journey towards securing the right mortgage or equity release scheme smoother and more informed.

Exploring Newbury BS Offerings

Newbury BS: A Closer Look

Newbury Building Society, often abbreviated as Newbury BS, has built a reputation in the UK for its customer-focused approach and diverse financial product range. With a strong emphasis on community, Newbury BS places considerable importance on catering to the needs of its members.

Newbury Building Society Mortgages

Newbury BS’s mortgage range is extensive, with products designed to suit first-time buyers, those looking to remortgage, and of course, those interested in equity release or lifetime mortgages, particularly individuals over 60 and 70 years old. The flexibility in their mortgage offerings allows homeowners to find a plan tailored to their financial circumstances and future goals.

Financial Products Beyond Mortgages

While mortgages are a significant part of Newbury BS’s offerings, the institution provides more. From savings accounts designed for different age groups and purposes to insurance services ensuring financial protection, Newbury BS aims to be a one-stop-shop for financial needs.

Customer Experience at Newbury Building Society

One of the distinguishing features of Newbury BS is its commitment to delivering top-tier customer service. With in-branch services available, clients can expect personal interactions that guide them through their financial journey. Additionally, the society’s online portal ensures that digital-savvy customers can manage their accounts and avail services from the comfort of their homes.

Comparative Analysis: Newbury Building Society vs. Other Institutions

Santander Newbury Branch

While Newbury Building Society stands strong with its offerings, other financial behemoths, like Santander‘s Newbury branch, are also worth exploring. With a vast network and global presence, Santander offers a myriad of financial products, each backed by the bank’s robust infrastructure.

Mortgage Broker Newbury: Making Informed Decisions

Given the plethora of mortgage options available in the market, many potential borrowers feel overwhelmed. This is where mortgage brokers in Newbury step in. By providing a comparative analysis, understanding individual needs, and leveraging their extensive knowledge of the market, these brokers can guide borrowers towards the best financial products, be it from Newbury BS, Santander, or any other institution.

Tools and Calculators: Simplifying Financial Planning

Various tools, such as the Nationwide mortgage overpayment calculator, are invaluable for individuals looking to grasp the financial implications of their decisions. By inputting specific details, borrowers can project potential savings, understand loan timelines, and make informed decisions about overpayments.

As the financial landscape continues to evolve, institutions like Newbury Building Society remain at the forefront by offering tailored products and unmatched customer service. However, the key for potential borrowers lies in research, understanding their own needs, and seeking expert advice when necessary.

Understanding Equity Release Rates in the UK

Newbury BS Mortgages Over 55

As individuals approach retirement, the focus often shifts from income generation to managing assets and liabilities. With an increasing number of homeowners over the age of 55, it’s unsurprising to see a surge in mortgage products tailored for this demographic.

Benefits

Mortgages over 55 offer a flexible way to access equity from properties without needing to sell. This allows homeowners to unlock cash for various purposes, such as home improvements, travel, or assisting younger family members.

Considerations

While these mortgages offer attractive interest rates and repayment options, it’s essential to assess if this financial move aligns with long-term goals, especially in terms of inheritance.

Newbury BS Mortgages Over 60

The financial landscape for those over 60 has witnessed significant shifts in recent years. With increased life expectancy and active lifestyles, many homeowners seek ways to capitalize on their property’s value during retirement.

Key Features

Mortgages over 60 often come with lower interest rates, reflecting the decreased loan tenure. Moreover, they may have features such as the option for interest-only payments or lump sum withdrawals.

Eligibility

While age is a primary factor, lenders also consider property value, outstanding mortgages, and the borrower’s financial health before approving the loan.

Newbury BS Mortgages Over 65

As retirement settles in, financial flexibility becomes crucial. For homeowners over 65, equity release through mortgages can provide this without compromising their property ownership.

Advantages

These mortgages allow homeowners to leverage their property’s value without moving, enabling them to maintain their lifestyle, cover unexpected expenses, or plan significant expenditures.

Precautions

It’s vital to understand the long-term implications, especially regarding equity depletion, when considering these mortgages.

Newbury BS Mortgages Over 70 and Mortgages Over 75

For those in their 70s and beyond, property often stands as the most significant asset. Tapping into this equity can enhance the quality of life during the golden years.

Benefits and Features

Mortgages over 70 and 75 typically come with bespoke features. Flexible repayment options, favourable rates, and swift approvals are common attractions.

Risks

Given the advanced age, it’s crucial to engage in detailed financial planning before opting for these mortgages, ensuring that estate and inheritance aspirations align with this decision.

Newbury BS Retirement Remortgages

A popular option among retirees, remortgaging in retirement can offer lower interest rates, providing an efficient way to manage finances.

Attractive Rates

As property values rise, remortgaging can unlock better terms and rates for retirees, aiding in financial stability.

Utilizing Equity

This option allows retirees to harness their property equity for various purposes, from debt consolidation to grand travels.

Newbury BS Pensioner Remortgage

Pensioners, often on fixed incomes, might find remortgaging as a viable strategy to enhance their financial flexibility.

Benefits

Apart from potential lower interest rates, pensioner remortgages can extend repayment terms or offer lump-sum amounts.

Factors to Consider

It’s essential to evaluate the costs associated with remortgaging and how it impacts monthly pension income.

Lifetime Mortgage

This is a long-term loan secured against the property, allowing homeowners to access their home’s equity without selling it.

Release Equity and Equity Release

Equity release, through mechanisms like lifetime mortgages, allows homeowners to extract value from their properties. Whether it’s through monthly payments or lump sums, this financial instrument offers retirees an added income source.

Implications

While lifetime mortgages provide immediate financial relief, they can reduce the estate’s value. It’s vital to consult with financial experts before committing.

RIO Mortgage

Retirement Interest Only (RIO) mortgages have gained popularity among retirees. These mortgages only require interest payments, with the capital amount repayable upon sale of the property, a move into long-term care, or death.

Advantages

With lower monthly repayments and no set end date, RIO mortgages offer financial simplicity and flexibility.

Eligibility and Terms

Typically aimed at older homeowners with significant equity, these mortgages have strict lending criteria, often focusing on pension income and property value.

Concluding Thoughts on Equity Release Rates

Equity release products, tailored for various age brackets, offer financial solutions for those in retirement. With the myriad of options available, it’s paramount to undertake thorough research, seeking expert advice, and understanding the long-term implications before diving in. Whether it’s through mortgages over 55 or RIO mortgages, equity release can provide the means to achieve retirement dreams. But as with all financial products, the key lies in making informed decisions.

Popular LTV ratios of Liverpool Victoria mortgages for 60 year olds, More 2 Life later life borrowing schemes over 55, One Family mortgages for people over 50, Yorkshire Bank later life mortgages for over 60s, Principality Building Society over 60 lifetime mortgages no fees and Sun Life RIO mortgages over 75 are 45%, 55% and 70%.

How much is it common to release from a home

The more elderly you are and the more illnesses you have you are the more cash you can release.

Just Retirement - Roll-Up Lifetime Mortgage

Difficult-to-finance home variants include properties in the course of construction or pre-construction, properties where tenants live in a self-contained part of the property, feuhold/freehold properties (including flats) in Scotland, commonhold properties and freehold flats (England, Wales, Northern Ireland).

More to life  - Tailored Choice Plan

Popular loan-to-value percentage ratios of Aviva retirement interest-only mortgages over 75, Shepherds Friendly mortgages for 60 plus, Leeds Building Society lifetime mortgages for over 60s, Coventry Building Society later life interest only mortgages over 75, Nottingham Building Society interest only mortgages for over 70s and National Counties Building Society over 60 mortgages are 45%, 60% and 70%.

more 2 life lifetime mortgage

Difficult-to-finance property types can include timber-framed properties built before 1920, timber-framed properties built between 1920 and 1965, steel frame/clad properties built before 1990, studio flats outside the M25 and basement or lower ground floor flats without level access to private or communal garden space.

Premier Flexible Black

The lender will want to know if the property is a semi-detached freehold house or a Leasehold flat and if the resident is an Owner Occupier’s Primary Residence.

UK Lenders for Equity Release

  • Age Partnership
  • Santander
  • Key Retirement
  • AIG Life

Tough-to-finance home titles can include properties built or converted into dwellings within the last 10 years, properties with a single annexe or another self-contained part of the property, agricultural use of the land and any outbuildings, properties that have solar farms or a large number of wind turbines on the land and properties adversely affected by existing or proposed issues including roads, rail, airports, power plants, power lines/pylons, wind turbines, substations, sewage works, quarries, fuel stations, refuse sites, sports grounds, noise, light or environmental pollution.

Over 60 Lifetime Mortgage Buy To Let

It is usual to discover people seeking out lump sum lifetime mortgages, monthly payment lifetime mortgage or home reversion plans, however, Aviva like AIG Life are keen to see evidence of your personal situation in the form of investment statements.

Over 60 Lifetime Mortgage Broker

Newbury Building Society Product name: Retirement Interest-Only 5-Year Discount Capital repayment or interest-only? Interest-only. Minimum property value: £125,000. Minimum/Maximum loan sum: £50,000 (or £40,000 for those with existing Newbury loans)/£500,000. Maximum LTV: 50%. Minimum/Maximum age at application: 60/90. Minimum income: £30,000. Overpayments: fee-free overpayments of up to 20% per year are allowed in the first three years. For payments above that, 3% ERCs apply during the first year, dropping to 2% in year two and 1% in year three. Unlimited fee-free overpayments are allowed after three years. How is the loan repaid? When you die or move into care the property is sold.

Challenging to finance home titles can include high service charges, properties close to mining works, areas of landfill, areas of recent flooding or subsidence, some properties with sitting tenants or regulated tenancies, mundic homes and properties that has never been registered with the land registry.

Does Newbury Building Society offer a retirement remortgage over 60?

Yes, Newbury Building Society retirement remortgages for over 60s are 3.42% APRC fixed.

Does Newbury Building Society offer pensioner remortgages for over 60s?

Yes, a Newbury Building Society pensioner remortgage for homeowners over 60 is 3.42% AER fixed for life.

Does Newbury Building Society do a later life remortgage for homeowners over 60?

Yes, Newbury Building Society later life remortgages for over 60s are 3.5% AER fixed.

Does Newbury Building Society do the best remortgages for retired over 60s?

Yes, a Newbury Building Society’s best remortgage for retired over 60 is 3.24% AER fixed.

Does Newbury Building Society offer remortgaging options for over 60s?

Yes, a Newbury Building Society remortgaging option for homeowners over 60 is 3.38% APR fixed for life.

Does Newbury Building Society offer a mortgage calculator for retired homeowners over 60?

Yes, Newbury Building Society mortgage calculators for over 60s shows 3.37% MER fixed.

Does Newbury Building Society offer an RIO mortgage for over 60s?

Yes, Newbury Building Society RIO mortgages for homeowners over 60 are 3.44% APRC fixed for life.

Does Newbury Building Society do retirement interest only mortgages for the over 60s?

Yes, a Newbury Building Society retirement interest only mortgage for homeowners over 60 is 3% MER fixed for life.