Remove money from your property- 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
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 normal mortgages you would get by proving income. I have saved a lot of tax.
William from London
I was told by my lawyer my inheritance tax bill would be around £250,000. I got a lifetime mortgage to give money to my son and daughter so they could 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. I thought I was going to lose my house. Thanks to Concise I got equity release to pay off my mortgage.
Mrs M from Birmingham
With no brokers fees and no lenders fees, I got an interest-only retirement mortgage which I pay each month from my private pension. The money released went to my daughter for her wedding and deposit for her next house. She wanted a family, and her flat was too small.
Mr Smith from Kendal
My financial advisor told me that I should get equity release and gift money to my 5 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 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.
Disadvantages of Equity Release Plans
Monthly payment life time mortgage can reduce the value of your estate. Lump sum lifetime mortgages may impact entitlements to state benefits. You may need to pay a valuation fee and some products expose you to changes in interest rates.
How much is it common to release 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
It’s common to encounter individuals seeking out lump sum lifetime mortgages, monthly payment life time mortgage or lifetime mortgage with flexible drawdown cash release, however, More2Life like LV Liverpool Victoria are keen to see paperwork to show your situation in the form of bank statements.
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 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
- Public houses and bars Ventnor
- Activities of distribution holding companies Winsford
- Manufacture of machinery for paper and paperboard production Cotgrave
- Manufacture of other food products n e c Andover
- Wholesale of wine, beer, spirits and other alcoholic beverages Ashby Woulds
- Raising of other cattle and buffaloes Eccleshall
- Performing arts Dronfield
- Repair of other equipment Enfield
The lender will want to know if the property is a Freehold house or a Leasehold house and if the resident is an Owner Occupier Primary Residence.
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
- 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
- More2Life Flexi Choice Voluntary Payment Super Lite
- Nationwide Interest Only Lifetime Mortgage
- HSBC Equity Release Plans
- Hodge Indexed Lifetime Mortgage
- Saga Equity Release Schemes
- Age Partnership Equity Release Plans
What percentage can be released?
The older you are and the unhealthier you are the more tax free money you can release.
- Santander Equity Release From House
- Lloyds Bank Equity Release From Property
- Nationwide
- Natwest Lifetime Mortgage Maximum Ltv
- HSBC Lifetime Mortgage Maximum Ltv
- Lloyds Bank Retirement Mortgages Uk
- HSBC Retirement Mortgage
- Lloyds Bank Lifetime Mortgage Broker
- Lloyds Retirement Mortgage Interest Rates
- Halifax Retirement Mortgage Uk
- Santander Retirement Mortgage Providers
- Natwest Equity Release Plan
- Nationwide Equity Release Mortgage
- Lloyds Equity Release On Second Homes
- Santander Lifetime Mortgage Over 55
- Halifax Lifetime Mortgage Home Reversion Plan
- HSBC Equity Release Schemes
- Nationwide Lifetime Mortgage Comparison
- Lloyds Lifetime Mortgage
- Halifax Equity Release Plans
