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Property with over 10 or 15 acres land – equity release 2022

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 2022
  • 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.

  • Your Requirements

  • Please enter a number from 4000 to 200000000.
  • Please enter a number from 50000 to 10000000.

equity release properties with land

10 acres
15 acres
Homeowner in their 70s

  • Your Requirements

  • Please enter a number from 4000 to 20000000.

  • About You

  • By clicking Submit and ticking the box above you agree to be contacted by an FCA authorised advisor that you have read and agreed to our Terms & Conditions and our Privacy Policy.

Equity Release Under 50 Rates 2022

 

    • 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 Primary Residence.

It is often found to find individuals looking for lifetime mortgage with flexible drawdown cash release, monthly payment lifetime mortgage or lifetime mortgage 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 you are 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 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 rentcharges properties with a high estate rentcharge, 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 in excess of 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
  • Specialists 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 ratiosof 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 over 60s, Newcastle Building Society later life mortgages for over 60s 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 pylons, substations, mobile phone masts
Property has been purchased from a corporation that the applicant has an interest 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 a LTV of 55%.