- Remove tax-free money from your property
- Not necessary to make monthly payments
- Use the money to help your family buy their first home
- Stay living in your own home
UK Equity Release Providers
- Sunlife Plans
- Step Change
- Key Solutions
- Aegon
Examples of small business owners with home equity to release
- Undifferentiated goods-producing activities of private households for own use St Blaise
- Roofing activities Emsworth
- Pre-primary education St Austell
- Raising of other animals Wainfleet All Saints
- Manufacture of military fighting vehicles East Ham
- Other social work activities without accommodation n e c Longridge
- Butter and cheese production Barnet
- Service activities incidental to air transportation Oswestry
- Motion picture distribution activities Yateley
- Mining of chemical and fertilizer minerals Ulverston
- Manufacture of wiring devices Rye
- Landscape service activities Verwood
- Manufacture of railway locomotives and rolling stock Ilfracombe
- Inland passenger water transport Tidworth
- Take-away food shops and mobile food stands Nelson
- Combined office administrative service activities Maldon
- Manufacture of kitchen furniture Skipton
- Manufacture of electronic measuring, testing etc equipment, not for industrial process control Horwich
It is very regular to encounter individuals searching for monthly payment lifetime mortgage, lumpsum lifetime mortgages or interest-only lifetime mortgages, however, Age Concern like Legal & General are keen to see evidence of your personal situation in the form of pension statements.
Areas where Lifetime Mortgages are routine
- Daventry
- Midhurst
- Chatteris
- Dewsbury
- Morley
- Melksham
- Hungerford
- Stocksbridge
- Clay Cross
- Chippenham
- Wellingborough
- Walthamstow
- Cotgrave
- Wednesbury
- Colyton
- Brampton
Canada Life Drawdown Lifetime Mortgages
Hodge Lifetime Drawdown Lifetime Mortgages
Legal and General Drawdown Lifetime Mortgages
Crown Retirement Mortgages
More2Life Drawdown Lifetime Mortgages
Just Lifetime Mortgages
Equity Release Loan To Value
- 55% lifetime mortgage with flexible drawdown cash release Aegon
- 30% LTV lump sum lifetime mortgages Spring Finance
- 60% loan to value (LTV) lifetime mortgage with flexible drawdown cash release Precise
Equity Release LTV Percentages
The older you are and the unhealthier you are the more cash you can release.
Pitfalls of Lifetime Mortgages
Monthly payment life time mortgage can reduce the value of your estate. Lump sum lifetime mortgages may impact ability to claim entitlements. You may need to pay a solicitor’s fee and some products expose you to changes in interest rates.
- Aviva Lifetime Mortgages for Pensioners
- Pure Retirement Equity Release Plans
- Lloyds Bank Equity Release
- Canada Life Voluntary Select Gold
- More2Life Capital Choice Plus Plan
- L&G Legal & General Flexible Max Plus
- HSBC Lifetime Mortgage
- More 2 Life Tailored Choice Plan
- L&G Legal & General Flexible Max Scheme
- Royal Bank of Scotland Equity Release Plans
- Saga home reversion schemes
- Aviva Flexible Voluntary Repayment Plan
- More2Life Flexi Choice Voluntary Payment Super Lite
- More to Life Flexi Choice Voluntary Payment Super Lite
- Pure Retirement Classic Drawdown Lite Plan
- Nationwide Interest Only Lifetime Mortgage
- TSB Lifetime Interest Only Mortgage
- Saga Lifetime Mortgage
- Age Partnership Equity Release Schemes
The mortgage lender will want to know if the property is a Freehold terraced house or a Leasehold flat with share of freehold and if the resident is an AST Tenant.
