Remove tax-free money from your property
No monthly repayments
1.91% APR variable rate
2.89% Fixed rate for the term of the finance
Use the equity released for anything you like
Continue to stay in your property
Could be used to optimise tax planning

How much can I borrow?

You can borrow 65% of your home’s valuation. For example, if your house is worth £310000 you can get £201500.

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Free No Obligation Quote
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Pitfalls of Lifetime Mortgages

Home reversion plans can reduce your estate value. A monthly payment lifetime mortgage may impact entitlements to state benefits. You may need to pay a valuation fee and you could have higher rates to pay with some schemes.

More to life Retirement Mortgages

Retired business owners that may be interested in Home Reversion Schemes

Manufacture of other articles of paper and paperboard n e c Hebden Royd
Manufacture of optical precision instruments Shifnal
Gambling and betting activities Torpoint
Activities of political organizations Croydon
Repair of electronic and optical equipment Gorleston-on-Sea
Public houses and bars Framlingham
Manufacture of pumps Mere
Growing of spices, aromatic, drug and pharmaceutical crops Bridlington
Manufacture of other knitted and crocheted apparel Willesden
Wholesale of chemical products Bromborough
Residential care activities for the elderly and disabled Brampton
Retail sale of games and toys in specialised stores Ludlow
Market research and public opinion polling Meltham
Library activities Royal Wootton Bassett
The building of ships and floating structures Alcester
Manufacture of lime and plaster Conisbrough
Television programme production activities Mansfield
Physical well-being activities Bourne

Tough to finance property variants include properties built on contaminated land, leasehold properties with a short lease, typically less than 70 years, or a defective lease, properties of non-standard construction, timber buildings and Airey, Boot, Cornish Unit, Dorran, Dyke, Gregory, Hamish Cross, Myton, Newland, Orlit and Parkinson Frame.

Challenging to finance home titles can include grade ll Listed houses (grade C in Scotland and B2 in Northern Ireland), properties with flying or creeping freehold which comprises 15% or less of the total floor area, properties with a small number of solar panels or a wind turbine on the land for domestic use, properties that are being used for personal commercial use and properties in coastal areas that may be affected by erosion.

Release Equity In House Under 55

Difficult to finance home types can include Timber-framed properties constructed post-1965, properties with pre 1945 asbestos or similar composition roof tiles, properties constructed or converted within the past 10 years, coach houses i.e. freehold properties with garages beneath and basement or lower ground floor flats with level access to private or communal garden space.

Hard to mortgage property types can include homes requiring essential repairs, properties where tenants live in a self-contained part of the property, feuhold/freehold properties (including flats) in Scotland, properties where the customer is offering only part of the title as security for the loan and properties owned under any form of shared equity scheme.

Aviva Lifetime Mortgage
Canada Life Equity Release Schemes
L&G Legal & General Premier Flexible Lifetime Mortgage
Liverpool Victoria LV= Lump Sum Plus Lifetime Mortgage
Pure Retirement Classic Drawdown Lite Plan
Stonehaven Equity Release
HSBC Interest Only Lifetime Mortgage
Age Partnership Equity Release
Bridgewater Equity Release Schemes
Canada Life Equity Release Schemes
L&G Legal & General Premier Flexible Lifetime Mortgage
Pure Retirement Lifetime Mortgage
Stonehaven Lifetime Mortgage
HSBC Interest Only Lifetime Mortgage
More 2 Life Tailored Choice Plan
TSB Lifetime Interest Only Mortgage
Age Partnership Interest Only Lifetime Mortgage
Bridgewater Equity Release
Just Retirement Interest Only Lifetime Mortgage
Pure Retirement Classic Drawdown Lite Plan
Royal Bank of Scotland Equity Release Plans
Age Partnership Lifetime Mortgage
Bridgewater Equity Release
Canada Life Interest Select Gold Flexi
L&G Legal & General Premier Flexible Lifetime Mortgage
More to Life Flexi Choice Drawdown Lite Plan
Pure Retirement Drawdown Plan
Lloyds Bank Lifetime Mortgage
Royal Bank of Scotland Interest Only Lifetime Mortgage
More 2 Life Flexi Choice Drawdown Lite Plan

Some of the most popular retirement finance offerings are Lloyds pensioner mortgages over 70s, Barclays Bank equity release schemes, NatWest mortgages for over 70s, L&G pensioner mortgages and Nationwide lifetime mortgages.

Equity Release LTV

The older you are and the unhealthier you are the more cash you can release.

Equity Release UK Providers

Aviva
Stonehaven
Key Solutions

Common LTV ratios of Virgin Money mortgages over 65, Shepherds Friendly interest only lifetime mortgages for people over 60, Leeds Building Society later life borrowing schemes over 55, Skipton Building Society mortgages for over 70s, Nottingham Building Society remortgages for people over 50 years old and National Counties Building Society interest only retirement mortgages for over 70s are 50%, 60% and 70%.

It’s very regular to encounter people looking for lump sum lifetime mortgages, monthly payment lifetime mortgage or lifetime mortgage with flexible drawdown cash release, however, More to life like Royal London Equity Release are keen to see evidence of your situation in the form of investment statements.

Common loan to values of LV= remortgages for people over 50 years old, More 2 Life mortgages for 60 plus pensioners, OneFamily later life interest only mortgages over 60, YBS equity release schemes for people over 70, Principality Building Society later life mortgages for over 70s and SunLife mortgages for 60 plus are 50%, 60% and 70%.

Towns where equity release is routine

Colyton
Crowle
Bewdley
Shifnal
Porthleven
Grange-over-Sands
Langport
Kingsteignton
Elland
Andover
Blandford Forum
Seaford
Malmesbury
Holsworthy

The lender will want to know if the property is a Freehold house or a Leasehold flat with share of freehold and if the resident is an Owner Occupier.

Equity Release LTV

60% monthly payment lifetime mortgage Legal & General
25% loan to value monthly payment lifetime mortgage Vida Homeloans

Common loan to value ratios of TSB equity release schemes for over 55’s, Barclays Bank mortgages for 60 plus, Halifax mortgages for pensioners over 60, Legal & General interest only mortgages for over 60s, Bank of Scotland later life interest only mortgages over 75 and Nationwide BS lifetime mortgages for over 60s are 35%, 55% and 70%.

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Pitfalls of Lifetime Mortgages

Retired business owners that may be interested in Home Reversion Schemes

Equity Release LTV

Equity Release UK Providers

Towns where equity release is routine

Equity Release LTV