5.64% APRC Newcastle Building Society Equity Release

Remove money from your property with Newcastle Building Society Equity Release

• No monthly repayments
• Use the money to help your family buy their first home
• Are you still paying a mortgage? No problems
• Continue to stay in your house for as long as you like
• 5.64%

How much cash can I release?

You can get 70% of your property’s valuation. For example, if your house is worth £320000, you can borrow £224000.

Testimonials and Example Cases

Sophie G from Aberdeen

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 regular mortgages you would get by providing income. I have saved a lot of tax.

William from London

My lawyer told me my inheritance tax bill would be around £250,000. I got a lifetime mortgage to give my son and daughter money to buy bigger homes, and we bought a house in the south of France for us all to use as a holiday home.

Mrs E from London

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

Mrs M from Birmingham

With no broker fees and no lender fees, I got an interest-only retirement mortgage that I pay monthly from my private pension. The money released went to my daughter for her wedding and a deposit for her next house. She wanted a family, and her flat was too small.

Mr Smith from Kendal

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

Mrs Shaw from Lancaster

I had an interest-only mortgage with Birmingham Midshires. The mortgage had reached 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.

Disadvantages of Equity Release Plans

A monthly payment lifetime mortgage can reduce the value of your estate. Lump-sum lifetime mortgages may affect entitlement to state benefits. You may need to pay a valuation fe,e and some products expose you to changes in interest rates.

How often is it common to be released from a home

• 60% monthly payment lifetime mortgage Old Mutual Wealth
• 50% loan to value lumpsum lifetime mortgages Sunlife Plans
• 45% loan to value (LTV) interest-only lifetime mortgages Saga
• 40% loan to value lumpsum lifetime mortgages Optimum Credit
• 25% LTV monthly payment equity release State Bank of India

Aviva Mortgages

Pure Retirement Mortgages

It’s common to encounter individuals seeking lump-sum lifetime mortgages, monthly-payment lifetime mortgages, or lifetime mortgages with flexible drawdown cash releases; however, More to Life, like LV Liverpool Victoria, is keen to see supporting documentation showing your situation, such as bank statements.

Some of the most common loan to value ratios of Virgin Money later life mortgages for over 70s, Zurich mortgages for people 60 plus, Churchill over 60 lifetime mortgages, Principality Building Society mortgages for over 60s, Newcastle Building Society equity release schemes for people over 70 and Progressive Building Society interest only mortgages for people over 60 are 40%, 60% and 70%.

Examples of retired business owners likely to have equity to release

• Agents involved in the sale of food, beverages and tobacco Crewkerne
• Removal services Warrington
• Photocopying, document preparation and other specialised office support activities Ponteland
• Retail sale of beverages in specialised stores in Ipswich
• First-degree level higher education South Woodham Ferrers
• Physical well-being activities Hounslow
• Advertising agencies Holsworthy
• Financial leasing Pateley Bridge
• Manufacture of woven or tufted carpets and rugs Knaresborough
• Television programme production activities North Hykeham

Hard-to-finance home variants can include properties currently undergoing substantial alterations, extensions or repairs, age-restricted properties, right-to-buy properties in Scotland, leasehold properties (except flats and maisonettes) and freehold flats (England, Wales, Northern Ireland).

The lender will want to know whether the property is Freehold or Leasehold, and whether the resident is an Owner-Occupant’s Primary Residence.

Does Newcastle Building Society offer Lifetime Mortgages?

Yes, Newcastle Building Society does lifetime mortgages at 5.81% APR. Newcastle Building Society Lifetime Mortgages have a loan-to-value of 75%.

Common loan-to-value ratios of LVE lifetime mortgages for people over 55, More 2 Life mortgages for pensioners over 60, One Family remortgages for people over 50 years old, Yorkshire Building Society retirement mortgages over 65, Royal London pensioner mortgages over 55 and Axa mortgages for over 50-year-olds are 45%, 60% and 70%.

Areas of the UK where equity release is routine

• Horwich
• Hemel Hempstead
• Burford
• Leiston
• Ferryhill
• Tetbury
• Wimborne Minster
• Rochester
• Woburn Sands
• South Molton
• Sprowston
• St Columb Major
• Bradninch
• Accrington
• Winsford
• Cricklade
• Thirsk

Equity Release Providers

• Lifetime Mortgage from L&G
• Bridgewater
• Key Retirement
• Stonehaven Mortgage

Does Newcastle Building Society do Equity release under 55?

Yes, Newcastle Building Society Equity Release Under 55 is 5.87% MER.

Difficult-to-mortgage home types can include prefabricated reinforced concrete (PRC) properties, timber-framed properties built between 1920 and 1965, properties with a minimum floor area of 30 square metres, former local authority flats, and basement or lower-ground-floor flats without level access to private or communal garden space.

• Bridgewater Equity Release Schemes
• Canada Life Equity Release Plans
• Hodge Lifetime Mortgage Plus
• L&G Legal & General Premier Flexible Lifetime Mortgage
• Liverpool Victoria LV Equity Release
• TSB Lifetime Interest-Only Mortgage
• Canada Life Interest Select Gold Flexi
• Pure Retirement Equity Release Schemes
• Age Partnership Equity Release Schemes
• More to Life Flexi Choice Voluntary Payment Super Lite
• Nationwide Interest-Only Lifetime Mortgage
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• Hodge Indexed Lifetime Mortgage
• Saga Equity Release Schemes
• Age Partnership Equity Release Plans

Some of the most popular loan-to-value ratios for Lloyds Bank interest-only lifetime mortgages for people over 60, retirement interest-only mortgages over 75, Halifax equity release schemes for people over 70, L&G RIO mortgages over 75, Royal Bank of Scotland retirement mortgages over 60, and Nationwide BS mortgages for over 70s are 50%, 55%, and 70%.

What percentage can be released, similar to the Newcastle Building Society Equity Release?

The older you are and the unhealthier you are, the more tax-free money you can release.

Does Newcastle Building Society offer Retirement Mortgages?

Yes, Newcastle Building Society Retirement Mortgages are 5.19% APRC.

Challenging to finance property titles include properties with land in addition to the domestic grounds up to a maximum property size of five acres, where the land is for everyday domestic use, properties with flying or creeping freehold, which comprises 15% or less of the total floor area, grades l and ll* Listed Buildings in England & Wales (Grades A and B in Scotland; A, B+ and B1 in Northern Ireland), properties that are being used for personal commercial use 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.

Does Newcastle Building Society have favourable reviews for equity release?

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

Some of the most popular pensioner mortgage products are Lloyds remortgages for people over 50, Barclays retirement mortgages, Halifax retirement interest-only mortgages, Legal & General mortgages for over 65, and Nationwide equity release schemes.

• BISF Equity Release From the House
• Under 50 Equity Release From Property
• Nationwide

• Natwest Lifetime Mortgage Maximum Ltv
• Nationwide over 60 Retirement Mortgages UK
• Yorkshire Building Society Lifetime Mortgage Broker

The Evolving Landscape of Later Life

• Best Mortgages For Over 50s Retirement Mortgage Interest Rates
• Bad Credit Mortgage UK
• Age Partnership Providers
• Natwest Equity Release Plan

• Nationwide Equity Release Mortgage
• Overhead high voltage power lines, Equity Release On Second Homes
• Barclays Retirement Interest Only Mortgage Over 55
• Tipton & Coseley Mortgage Home Reversion Plan
• Nationwide Lifetime Mortgage Comparison
• system built houses in the 1960s, Lifetime Mortgage
• Under 40 Equity Release Plans

Does Newcastle Building Society offer Pensioner Mortgages?

Yes, Newcastle Building Society Pensioner Mortgages are 5.22% MER.

Does Newcastle Building Society offer Equity Release?

Yes, Newcastle Building Society Equity Release is 5.22% MER.

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

Newcastle Building Society interest rates for equity release are 5.22% MER.

Challenging to finance property titles can include properties that will be assessed for flood risk, ground rent where the lease or any deed varying the lease provides for a ground rent exceeding, or where the escalating provisions would result in the ground rent exceeding £250 per annum (or £1000 per annum where the property is in Greater London), uninhabitable property, cob property, and concrete frame.

Everyday retirement mortgage products include Lloyds Bank interest-only lifetime remortgages, Barclays remortgages for people over 70, Post Office remortgages for people over 70, Legal & General remortgages for people 60+, and Nationwide BS lifetime remortgages.

Popular loan-to-values of TSB interest-only remortgages for people over 70, Barclays Bank pensioner remortgages over 60, Post Office remortgages for people 60 plus, Legal and General retirement interest-only remortgages over 75, RBS remortgages over 70s, and Nationwide remortgages for over-50-year-olds are 50%, 55%, and 65%.

Some of the most popular LTV ratios for LV= later life remortgages for people over 60, More to Life interest only remortgages for people over 70, OneFamily remortgages for people over 60, YBS equity release plans for people over 60, Royal London later life remortgages for people over 70, and Sun Life remortgages over 65 are 45%, 60%, and 65%, respectively.

Some of the most popular loan-to-value percentage ratios of Aviva help to buy for over the 60s, Zurich equity release schemes for people over 70, Churchill interest only remortgages for people over 70, Principality Building Society remortgages for people over 50, Newcastle Building Society remortgages for 60-year-olds and Cumberland Building Society remortgages for people over 50 years old are 50%, 55% and 70%.