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Property with over 10 or 15 acres land – equity release 2024

over-10-or-15-acres
  • Release money from your house
  • No regular monthly payments unless you want to pay just interest
  • 1.89% variable rate
  • 2.89% fixed rate
  • New product for January 2024
  • Help your family with the equity you release
  • Still, have a mortgage? We can help with that
  • Continue to live in your own home for as long as you like

Loan to value for equity release?

You can achieve 70% of your home’s valuation. As an example, if your house is valued at £310000 you can get £217000.

  • Free No Obligation Quote

  • Please enter a number from 10000 to 2000000000.
  • Please enter a number from 50000 to 10000000.
  • Leave blank if no mortgage outstanding
  • About You

equity release properties with land
10 acres
15 acres
Homeowner in their 70s
  • Free No Obligation Quote

  • Please enter a number from 10000 to 2000000000.
  • Please enter a number from 50000 to 10000000.
  • Leave blank if no mortgage outstanding
  • About You

Equity Release Under 50 Rates 2023
  • Bridgewater Equity Release Schemes
  • Hodge Lifetime Flexible Drawdown Plan
  • Just Retirement Drawdown Lifetime Mortgage
  • Lloyds Bank Equity Release Plans
  • More to Life Capital Choice Plus Plan
  • Nationwide Equity Release
  • NatWest Interest Only Lifetime Mortgage
  • Royal Bank of Scotland Equity Release Plans
  • Saga Equity Release Schemes
  • L&G Legal & General Flexible Plus Lifetime Mortgage
  • Pure Retirement Equity Release Plans
  • NatWest Equity Release Plans
  • Bridgewater Lifetime Mortgage
  • Just Retirement Equity Release
  • Liverpool Victoria LV Equity Release Schemes
  • Pure Retirement Equity Release
  • Nationwide Equity Release Plans
  • Lloyds Bank Lifetime Mortgage

Do Chorley & District Building Society have favourable reviews for equity release?

Yes, Chorley & District Building Society reviews are splendid for equity release.

Equity Release Loan To Value

  • 60% lumpsum lifetime mortgages LV Liverpool Victoria
  • 55% loan to value (LTV) lump sum lifetime mortgages Legal and General
  • 35% loan to value (LTV) monthly payment lifetime mortgage Norwich Union
  • 40% loan to value (LTV) monthly payment lifetime mortgage Vida
  • 30% loan to value (LTV) lump sum lifetime mortgages NatWest Intermediary
  • 30% loan to value monthly payment lifetime mortgage Magellan Homeloans

The 1st and 2nd charge lender will want to know if the property is a Freehold terraced house or a Leasehold flat and if the resident is an Owner Occupier’s Primary Residence.

It is often found individuals looking for lifetime mortgages with flexible drawdown cash release, monthly payment lifetime mortgages or lifetime mortgages with flexible drawdown cash release, however, Legal and General like Aegon are keen to see paperwork to show your circumstances in the form of bank statements.

What are Chorley & District Building Society interest rates for equity release?

Chorley & District Building Society rates for equity release are 1.81% MER.

Equity Release Loan To Value

The more elderly you are and the more illnesses you have, the more tax-free money you can release.

Areas where equity release is common

  • Hadleigh
  • Cheltenham
  • Wigton
  • Easingwold
  • Morley
  • Wolverton and Greenleys
  • Wymondham
  • South Kirkby and Moorthorpe
  • Weybridge
  • Beaconsfield

Does Chorley & District Building Society offer Equity Release?

Yes, Chorley & District Building Society Equity Release is 1.81% MER.

Pitfalls of Lifetime Mortgages

Lumpsum lifetime mortgages can reduce the inheritance for your family. Lumpsum lifetime mortgages may impact the ability to get state benefits. You may need to pay a broker’s fee, and some products expose you to changes in interest rates.

Aviva lifetime mortgage with cashback

Tough to mortgage home variants include rent charges properties with a high estate rent charge, properties close to mining works, areas of landfill, areas of recent flooding or subsidence, properties with structural problems, asbestos construction and Airey, Boot, Cornish Unit, Dorran, Dyke, Gregory, Hamish Cross, Myton, Newland, Orlit and Parkinson Frame.

LV= lifetime mortgage

Tough-to-mortgage property titles can include properties built or converted into dwellings more than 10 years ago, properties with grounds over five acres, properties with more than one annexe or self-contained part of the property, properties using rooms, land or outbuildings for business purposes which are not personal to the borrower(s) or which extend to more than 50% of the property to be secured and properties that have a private water supply provided a contract is in place with an approved maintenance company for regular testing and maintenance.

More to life  - Flexi Choice Super Lite

Difficult-to-finance property types can include timber framed properties built before 1920, properties with any externally applied insulation to the walls after construction, steel frame/clad properties built before 1990, studio flats outside the M25 and basement or lower ground floor flats with level access to private or communal garden space.

Do Chorley & District Building Society do Pensioner Mortgages?

Yes, Chorley & District Building Society Pensioner Mortgages are 2.27% MER.

more 2 life joint lifetime mortgage

UK Equity Release Providers

  • Age Concern
  • Stonehaven
  • the Telegraph
Equity Release Under 50

Difficult-to-finance home types can include properties in the course of construction or pre-construction, age-restricted properties, right to buy – properties in Scotland, leasehold properties (with the exception of flats and maisonettes) and properties with single-skin brickwork.

Does Chorley & District Building Society offer Retirement Mortgages?

Yes, Chorley & District Building Society Retirement Mortgages are 1.82% APR.

Examples of retired small business owners likely to have equity to release

  • Manufacture of central heating radiators and boilers Andover
  • Manufacture of leather clothes Yarmouth
  • Banks Lewes
  • Manufacture of steam generators, except central heating hot water boilers Leyton
  • Residential nursing care facilities New Mills
  • Construction of utility projects for fluids Kingsteignton
  • Specialist’s medical practice activities Henley-in-Arden
  • Manufacture of workwear Thornaby-on-Tees
  • Repair and maintenance of ships and boats Chickerell
  • Manufacture of tobacco products Wantage
  • Veterinary activities Wragby
  • Processing and preserving of potatoes Blandford Forum
  • Accounting and auditing activities Earby
  • Manufacture of hollow glass Hitchin
  • Manufacture of other technical and industrial textiles Sutton
  • Manufacture of prepared feeds for farm animals Burford
  • Retail sale of bread, cakes, flour confectionery and sugar confectionery in specialised stores Altrincham
  • Retail sale of hearing aids Finchley

Canada Life Lifetime Mortgages

Popular loan-to-value percentage ratios of Standard Chartered mortgages for over 60s, Zurich interest-only mortgages for people over 60, Leeds Building Society pensioner mortgages over 55, Principality Building Society later life mortgages for those over 60s, Newcastle Building Society later life mortgages for those over 60 and National Counties Building Society retirement mortgages over 60 are 45%, 55% and 70%.

Hodge Lifetime Drawdown Lifetime Mortgages

Do Chorley & District Building Society do Equity Release Under 55?

Yes, Chorley & District Building Society Equity Release Under 55 is 2.1% APRC.

Release Equity In House Under 55

Popular LTV percentages of TSB RIO mortgages over 75, Barclays Bank pensioner mortgages over 55, Post Office retirement interest only mortgages over 75, Legal and General later life interest only mortgages over 70, Bank of Scotland lifetime mortgages for over 60s and Nationwide Building Society equity release schemes for people over 70 are 35%, 60% and 70%.

Just

Common LTV ratios of Liverpool Victoria over 60 mortgages, More to life interest only retirement mortgages for over 70s, OneFamily retirement interest only mortgages over 60, Yorkshire Bank over 60 lifetime mortgages, Principality Building Society remortgages for people over 50 years old and Axa remortgages for people over 50 years old are 50%, 60% and 70%.

LV Drawdown Lifetime Mortgages

Agricultural tie or restriction•Over 10 acres of land•Farms/smallholdings

Properties with more than 10 acres of land • Small scale hobby farming

Properties with up to 10 acres of land without large outbuildings or equestrian facilities

Unacceptable Property Types

The following types of property could be acceptable:

Commercial Properties and Coach houses.
Live/work units.
Non-Standard construction method
Any property affected by Japanese knotweed.
Any property deemed unsuitable security by the valuer.
Any property where there is ongoing movement/monitoring is required.
The property where material environmental hazards are present.
The property where saleability may be adversely affected by local planning or by an unsatisfactory mining search.
Property being purchased under any social housing schemes other than Right to Buy. We are unable to consider remortgaging any property purchased under any such scheme where the original vendor retains any interest or where any pre-emption clause remains.
A property that is affected by or within influencing distance of any significant factor which will have a negative impact on the property’s value or re-saleability

Properties that have overhead electricity towers, substations, mobile phone masts
The property has been purchased from a corporation the applicant is interested in.
Property is subject to either a back-to-back or sub-sale agreement or subject to a Finder’s Fee or has been owned by the vendor for less than 6 months.

Some of the most common pensioner loan products include TSB later life interest-only mortgages over 70, Barclays over 60-lifetime mortgages, Post Office retirement interest-only mortgages, Legal & General later life interest-only mortgages over 60 and Nationwide later life interest-only mortgages.

Does Chorley & District Building Society offer Lifetime Mortgages?

Yes, Chorley & District Building Society does lifetime mortgages at 2.25% APR. Chorley & District Building Society Lifetime Mortgages have an LTV of 55%.

Equity Release and Lifetime Mortgages in the UK

Navigating the property market in the UK can be an intricate journey, especially when dealing with assets like houses, land, and especially unique properties. Whether you’re seeking out houses with large gardens for sale near me or exploring land prices in London, understanding the intricacies of property financing is essential. A crucial element in this realm for many homeowners, especially as they age, is equity release and lifetime mortgages.

The Property Landscape and Equity Release

Houses with Big Gardens and Houses with Land

In the UK, there’s a considerable demand for properties with substantial outdoor space, be it houses with big gardens or those with substantial land attached. Perhaps you’ve typed house with land for sale near me into a search engine more than once, or been drawn to the charm of houses for sale in Essex with large gardens. Property values have risen over the years, so these homes are a significant asset.

The Lure of Acreage: From 2 Acres to 100 Acres

The size of the land is a factor that many property buyers and investors look into. Whether it’s understanding how big is 15 acres or how big is 50 acres, the allure of acreage cannot be understated. For those with grand ambitions, the idea of owning a 100 acre estate might seem like a dream come true.

The value locked up in these properties, whether it’s an acreage home or a detached house with land for sale, is immense. This value can be tapped into with equity release.

Unlocking Value with Lifetime Mortgages

Lifetime mortgages, a type of equity release, allow homeowners to unlock the equity in their home without having to move. It is particularly popular amongst the older generation, allowing them to access funds tied up in their property.

How Lifetime Mortgages Work with Properties

If you’re a homeowner with substantial land, be it 2 acres of land or even 10 acres of land, the equity in your property could be significant. Regardless of whether you own georgian houses for sale near me or houses with barns for sale, lifetime mortgages consider the value of your property, not just your ability to repay as with traditional mortgages.

Land and Property Opportunities in the UK

Sites for Sale: From North London to Essex Villages

Whether it’s land for sale in North London or you’re looking at property for sale in North Essex villages, the UK offers numerous opportunities for property investment. Plots for sale in London are particularly in demand given the capital’s appeal, and buying land, whether for investment or development, is always a consideration.

Unique Properties and Country Estates

For those with more niche interests, searching for unique properties for sale in the UK or exploring fine and country UK property search can yield some exciting finds. The variety is immense, from a Georgian property for sale in the UK to a picturesque cottage for sale in Essex’s beautiful villages.

Houses with Additional Features

Homes that offer something extra, be it land or specific features, have always been in demand. From houses with 1 acre for sale to homes boasting large gardens like houses with big gardens for sale, there’s something for everyone. Maybe it’s the allure of a 10-bedroom house for sale in the UK or the rustic charm of farm houses for sale in London.

Using Equity Release to Fund Further Property Ventures

It’s not uncommon for homeowners to look at using the equity from their primary residence to fund further property purchases. Perhaps you’re looking at multi-family homes for sale in the UK or considering buying a house with acres for sale. Equity release can provide the necessary funds.

Investing in London Land

With the perpetual demand for properties in the capital, many are keen to buy land in London. Understanding land prices in London can provide insight into the potential returns on such an investment. For those interested in acreage, you might be drawn to sites that offer 50 acres of land or even larger plots.

Diverse Property Types Across the UK

The UK property market offers a range of options, whether you’re searching for modernist houses for sale in the UK or something more traditional like Georgian houses for sale in the UK. There are also opportunities for those on tighter budgets, with options like houses for sale in England under £50,000.

Making Informed Decisions

As with any financial decision, whether it’s exploring equity release or venturing into property investments like buying land in London, it’s crucial to be informed.

Understanding Land Sizes and Potential

For many, understanding land size is a crucial part of the decision-making process. Knowing how big is 30 acres or how big is 2 acres of land can influence purchasing decisions, especially if

you have specific plans for the land.

Looking Beyond Traditional Sales

While many choose to buy properties through estate agents, other avenues, such as private house sales UK, can offer unique opportunities.

The Future of Equity Release and Property Investments

The UK property market is ever-evolving, with new opportunities continually arising. Whether you’re drawn to houses with land for sale UK or seeking out rare finds like £1 houses in the UK, there’s always potential. Equity release, especially through products like lifetime mortgages, will continue to play a pivotal role in helping homeowners realise and utilise the value tied up in their properties.

Remember, the world of equity release and property investment is vast and varied. Whether you’re enchanted by the idea of a detached rural property for sale in Essex or keen to understand more about housing plots for sale, always ensure you’re equipped with the knowledge and advice to make the best decision for your individual circumstances.