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Equity Release In NI With Free Valuation

NI

  • Release cash from your home
  • No regular monthly repayments
  • Use the money for a holiday
  • Free Valuation
  • Are you still paying a mortgage? No problems
  • Continue to stay in your house for as long as you like

How much can I get?

You can borrow 65% of your property’s value. For example, if your home is worth £210000, you can borrow £136500.

  • 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
  • About You

julia-a

Julia A
My mother has dementia. With my solicitor and my power of attorney, I got equity release on my mother’s house to pay for specialist modifications for her comfort.

RIO
RIO


I got an equity release product to give my daughter money to buy a house. Without the money I borrowed, her buying a home would have been impossible.

William from London
My lawyer told me 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.

RIO

Mrs V from Hastings
I had spent my life running up credit cards and loans then getting interest-only mortgages to pay off the debt. I got to retirement age and still owed the bank £160,000. The term was about to expire, and I could not afford the payments on my pension anyway. I got £180,000 equity release and now I am more comfortable with no monthly repayments and I spent £20,000 on a new bathroom and kitchen. I now know I can stay in my home.

  • Free No Obligation Quote

  • Please enter a number from 4000 to 20000000.
  • Leave blank if no mortgage outstanding
  • About You

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Home equity Tied Up
Old money home
Access home equity

How much is it expected to release from a home

The more aged you are and the more illnesses you have, the more tax-free cash you can release.

The 1st and 2nd charge lender will want to know if the property is a Detached freehold house or a Leasehold flat with a share of freehold and if the resident is an Owner Occupier.

  • Canada Life Lifestyle Gold Flexi
  • Just retirement-defined benefit
  • Stonehaven Interest Select Plan
  • TSB Equity Release Schemes
  • NatWest Lifetime Mortgage
  • Canada Life Voluntary Select Gold Flexi
  • Lloyds Bank Equity Release Schemes
  • Royal Bank of Scotland Lifetime Mortgage
  • Age Partnership Interest Only Lifetime Mortgage
  • Bridgewater Equity Release Plans
  • Just Retirement Drawdown Lifetime Mortgage
  • Pure Retirement Classic Voluntary Payment Super Lite
  • NatWest Lifetime Mortgage
  • Age Partnership Lifetime Mortgage
  • Pure Retirement Classic Voluntary Payment Super Lite
  • Lloyds Bank Equity Release Schemes

How much is it expected to release from a home

  • 60% monthly payment lifetime mortgage AA equity release
  • 50% loan to value (LTV) interest-only lifetime mortgages Key Retirement
  • 45% LTV home reversion plans Blemain
Just lifetime mortgage

Tough-to-finance property variants can include properties with land in addition to the domestic grounds up to a maximum property size of five acres, where the land is for normal domestic use, properties with flying or creeping freehold, which comprises 15% or less of the total floor area, use of the land and any outbuildings for a small amount of personal commercial use., properties with flying or creeping freeholds which comprise over 15% of the total floor area and properties with mobile phone masts which are within influencing distance of the house.

Canada Life - Lifestyle Gold

Tough-to-finance property titles can include properties that will be assessed for flood risk, properties with any structural defect, damp, dry or wet rot, derelict property or where part of the building is in severe disrepair and needs demolishing, thatched buildings and missing planning permission or building regulations approval.

Over 60 Retirement Mortgage Loan

It is expected to encounter people seeking out monthly payment equity release plans, monthly payment lifetime mortgage deals or interest-only lifetime mortgages; however, More to Life, like The Exeter Equity Release, is keen to see paperwork to show your situation in the form of pension statements.

Over 60 Retirement Mortgage Advice

Business owners who could benefit from equity release tax planning

  • Operation of warehousing and storage facilities for air transport activities in Twickenham
  • Casting of iron Rotherham
  • Museums activities Padiham
  • Other publishing activities Kenilworth
  • Sale, maintenance and repair of motorcycles and related parts and accessories Devizes
  • Foreign affairs Strood
  • First-degree level higher education Tonbridge
  • Manufacture of other general-purpose machinery n e c Howden
  • Wholesale of grain, unmanufactured tobacco, seeds, and animal feeds Hessle
  • Wholesale of other intermediate products Chulmleigh
  • Activities of other holding companies n e c Westerham
  • Combined facilities support activities Loughborough
  • Agents specialized in the sale of other particular products Kingsbridge
  • Other retail sale of food in specialised stores in Oldham
  • Wholesale of live animals Bilston
  • Manufacture of fibre optic cables Queenborough-in-Sheppey
  • Growing of citrus fruits New Romney
  • Wholesale of musical instruments Widnes

Downsides of Equity Release Schemes

A monthly payment lifetime mortgage can reduce the inheritance for your family. Lump-sum lifetime mortgages may impact the ability to claim benefits. You may need to pay a valuation fee, and you could be exposed to changes in interest rates with some products.

Towns where retirement mortgages are common

  • Yarmouth
  • Burnham-on-Sea
  • Bridgnorth
  • Lowestoft
  • Dalton Town with Newton
  • Kenilworth
  • Farnham
  • Wolsingham
  • Ripley
  • Attleborough
  • Eccles
  • Thaxted
  • Biggleswade
  • Portishead and North Weston
  • Helston
  • Hartlepool
  • Highbridge
  • Barnard Castle

UK Lenders for Equity Release

  • Sunlife Plans
  • New Life
  • the Telegraph

Legal and General

Hard-to-finance property types include eco houses and modern methods of construction, properties with any external treatment applied to the roof after construction, properties constructed or converted within the past 10 years, privately developed flats in blocks of two storeys without a lift and basement or lower ground floor flats without level access to private or communal garden space.

More to life Drawdown Lifetime Mortgages

Difficult-to-finance home types include properties currently undergoing substantial alterations, extensions or repairs, properties where letting arrangement where the tenancy agreement is not appropriate, leasehold properties where the lease length is currently unacceptable, leasehold properties (with the exception of flats and maisonettes) and freehold flats (England, Wales, Northern Ireland).

Just Lifetime Mortgages

Common loan-to-value ratios of Standard Chartered later life mortgages for over 60s, Zurich interest-only mortgages for over 70s, Sainsbury’s mortgages for pensioners over 60, Coventry Building Society mortgages for over 70s, Newcastle Building Society mortgages for people over 50 and Progressive Building Society mortgages for people over 50 are 50%, 60% and 70%.

LV Mortgages

Popular loan-to-value ratios of LV= interest only mortgages for people over 70, More to Life mortgages for pensioners over 60, OneFamily later life mortgages for over the 70s, YBS later life interest-only mortgages over 75, Royal London later life interest-only mortgages over 60 and SunLife equity release plans for people over 60 are 45%, 55% and 65%.

Canada Life

Standard LTV percentages of TSB help to buy for over 60s, Barclays interest-only mortgages for over 65 year olds, NatWest interest-only mortgages for people over 60, Legal and General later life mortgages for over 60s, Bank of Scotland pensioner mortgages over 55 and Nationwide interest only mortgages for people over 70 are 40%, 60% and 70%.

Hodge Lifetime Lifetime Mortgages

Many of the most appealing retirement finance offerings are TSB lifetime mortgages, remortgages for people over 50 years old, Halifax mortgages for pensioners, Legal & General interest-only mortgages for those over 60s and Nationwide Building Society over 60 mortgages.

Understanding Equity Release and Lifetime Mortgages in Northern Ireland

Equity release schemes and lifetime mortgages have gained prominence over the past years as an attractive means to unlock the value tied up in homes. Northern Ireland, being an integral part of the UK, has seen this trend on the rise as well. This surge has led to the development and establishment of various schemes specifically tailored to cater to Northern Ireland‘s residents’ needs.

The Landscape of Equity Release in Northern Ireland

The concept of equity release Northern Ireland isn’t vastly different from other parts of the UK. Essentially, equity release in northern Ireland allows homeowners, typically of retirement age, to release funds tied up in their property without the need to relocate.

Popular Equity Release Options

One popular equity release option allows homeowners to take a portion of their home’s equity while still retaining ownership. This process can be especially beneficial for those facing negative equity ni situations, where the market value of the house is less than the outstanding mortgage amount.

Lifetime Mortgages and Their Intricacies

Unlike traditional mortgages, lifetime mortgages Northern Ireland do not require the homeowner to make monthly repayments. Instead, the interest accumulates and is added to the loan amount, which is typically repaid after the homeowner moves out or passes away.

Notable Building Societies and Their Offers

There are several established players in the Northern Ireland mortgage landscape, offering a variety of products tailored to different needs.

Progressive building society newtownards is one such entity known for its comprehensive mortgage products. Similarly, Progressive Building Society Belfast also has a commendable range of offers, including equity release schemes.

Further afield, Bath Building Society intermediaries and Godiva for intermediaries are platforms facilitating interactions between lenders and borrowers, ensuring that those interested in equity release schemes can navigate the market efficiently. Principality mortgage rates and Godiva mortgage rates are among the many rates potential borrowers will want to compare.

Furness BS intermediaries, Leeds BS for intermediaries, and principality BS intermediaries also play a crucial role in helping intermediaries understand the mortgage products available, including those specific to equity release Ireland.

Comparing and Choosing the Best Equity Release Product

With many equity release products in the market, making an informed decision is crucial. Several platforms, like compareni and compare ni com, offer tools that help potential borrowers understand and compare the best rates, be it the best 85 ltv mortgages, the best 75 ltv mortgages, mortgage rates 75 ltv, or even the best interest only mortgage rates.

Buy to Let and Holiday Let Mortgages

A growing segment within the mortgage sector in Northern Ireland is the buy to let mortgages Northern Ireland. Whether you’re interested in buy-to-let mortgage ni or buy to let mortgage Northern Ireland, understanding the intricacies can lead to a more profitable venture. There’s also the budding interest in holiday let mortgage comparison for those eyeing vacation properties.

Insights into Some Mortgage Providers and Their Products

Accord mortgages switching deal is ideal for those looking to change their current product, while accord mortgages redemption ensures a smooth process when closing a mortgage deal. They offer competitive accord mortgages interest rates, but it’s always wise to compare with others like platform mortgages rates or even the attractive nationwide 5 year fixed rate mortgage.

Mortgage Rates, Deals, and Associated Costs

The journey to securing a mortgage or equity release scheme often revolves around finding the best rates. Platforms like Go Compare Mortgage, Go Compare Mortgages, and Go Compare Mortgages first-time buyers offer insights into various products from mortgage rates in northern Ireland to the best 2-year fixed-rate mortgage with no fee.

Nationwide mortgage redemption requests and Godiva mortgage redemption cater to those seeking to repay their mortgages, while nationwide offset mortgage and offset mortgage nationwide provide an innovative approach to mortgage management.

For those seeking clarity on potential charges, understanding nationwide early repayment charges and early repayment charge nationwide is crucial. Meanwhile, mortgage deals no fees and the best mortgage deals with no fees are perfect for those aiming to minimize upfront costs.

Navigating the Complex World of Equity Release and Mortgages

Embarking on the journey of equity release or securing a lifetime mortgage in Northern Ireland can be complex, given the myriad available options. Whether you’re exploring options through progressive building society intermediaries or comparing mortgage rates in and in Ireland, the key is to be well-informed.

From understanding the ins and outs of buying to letting Northern Ireland to securing the best 80 to mortgages, the tools and resources available today can guide potential borrowers to make the best financial decisions. Ensuring a clear grasp of terminologies, from overall cost for comparison to mortgage Northern Ireland, and using comparison platforms like Compare the Market Northern Ireland, can lead to better decision-making and more favourable outcomes in the realm of property and finance in Northern Ireland.