Progressive Building Society Equity Release

No need to make monthly payments
Help your family with the cash you release
Continue to live in your own home for as long as you like
5.12%

How much cash can I get?

You can get 60% of your home’s value. For example, if your home is worth £180000, you can borrow £108000.

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Free No Obligation Quote
How Much Money Would You To Like Raise?*
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Canada Life Mortgages

Hodge Lifetime Retirement Mortgages

Legal and General Lifetime Mortgages

More to life Drawdown Lifetime Mortgages

One Family

Pure Retirement Drawdown Lifetime Mortgages

LV Drawdown Lifetime Mortgages

Canada Life Lifetime Mortgages

Lloyds Retirement Mortgage Interest Rates

Lenders for UK Equity Release

the Telegraph
Crown
the Telegraph
Santander

The 1st and 2nd charge lender will want to know if the property is a semi-detached freehold house or a Leasehold house and if the resident is a Private Tenant.

It is usual to encounter people seeking out lump sum lifetime mortgages, monthly payment lifetime mortgage or home reversion schemes, however, Key Solutions like Zurich are keen to see proof of your situation in the form of pension statements.

Hodge Lifetime - Flexible Repayment Plan - NO Early Repayment Charges

Tough-to-mortgage property variants can include rent charges properties with a high estate rentcharge, leasehold properties with a short lease, typically less than 70 years, or a defective lease, properties where there are boundary disputes or where planning applications have not been applied for correctly, thatched buildings and Airey, Boot, Cornish Unit, Dorran, Dyke, Gregory, Hamish Cross, Myton, Newland, Orlit and Parkinson Frame.

Does Progressive Building Society have good reviews for equity release?

Yes, Progressive Building Society reviews are commendable for equity release.

Tough-to-mortgage home variants can include flats of less than 30 square metres in any location, properties with flying or creeping freehold, which comprises 15% or less of the total floor area, properties without direct access to an adopted highway or which are accessed over an unmade road, properties with mobile phone masts which are not within influencing distance of the house and properties adversely affected by existing or proposed issues including roads, rail, airports, power plants, power lines/pylons, wind turbines, substations, sewage works, quarries, fuel stations, refuse sites, sports grounds, noise, light or environmental pollution.

Difficult to mortgage property types include properties with post-1945 asbestos or similar composition roof tiles, timber framed properties built between 1920 and 1965, steel frame/clad properties built before 1990, freehold/feuhold flats (Scotland only) and privately developed flats in blocks of three or four storeys without a lift.

Equity Release LTV Percentages

60% lump sum lifetime mortgages VitalityLife Equity Release
25% loan to value lump sum lifetime mortgages Evolution Money
40% LTV monthly payment lifetime mortgage More to Life

Difficult-to-finance home variants can include homes requiring essential repairs, entirely tenanted properties, and leasehold properties (England, Wales, Northern Ireland) subject to a lease length of 160 years. These properties comprise multiple titles and properties with owned solar panels.

What are Progressive Building Society rates for equity release?

Progressive Building Society rates for equity release are 5.12% MER.

Small business owners detail likely with equity to release

Machining North Petherton
Wholesale of other fuels and related products Newport
Manufacture of wine from grape Cramlington
Advertising agencies Redcar
Repair of personal and household goods n e c Swanscombe and Greenhithe
Production of meat and poultry meat products Sleaford
The building of ships and floating structures Chipping Norton
Manufacture of prepared meals and dishes Torpoint
Physical well-being activities Peacehaven
Manufacture of other chemical products n e c Hebden Royd
Wholesale of watches and jewellery Bideford
Manufacture of machinery for food, beverage and tobacco processing Higham Ferrers
Life insurance Aylsham
Manufacture of machinery for paper and paperboard production Burnham-on-Sea
Retail sales in non-specialised stores with food, beverages or tobacco predominating Clare
Primary education Burton Latimer
Manufacture of steam generators, except central heating hot water boilers Witham
Activities of exhibition and fair organisers Chester-le-Street

Some of the most common loan to value percentage ratios of Virgin Money interest only mortgages for over 60s near London, Direct Line lifetime mortgages for people over 55, Sainsburys retirement mortgages over 70, Principality Building Society interest only lifetime mortgages for people over 60, Nottingham Building Society pensioner mortgages over 70s and Cumberland Building Society retirement interest only mortgages over 60 are 50%, 55% and 70%.

Does Progressive Building Society offer Equity Release?

Yes, Progressive Building Society Equity Release is 5.12% APRC.

Pitfalls of Home Reversion Schemes

Home reversion plans can reduce the value of your estate. A monthly payment lifetime mortgage may impact the ability to get state benefits. You may need to pay an advisor’s fee and you could have higher rates to pay with some schemes.

Standard loan to values of LV= interest-only lifetime mortgages for people over 60, More to Life interest-only mortgages for people over 60, One Family mortgages for 60-year-olds, Yorkshire Building Society retirement interest-only mortgages over 60, Principality Building Society over 60 lifetime mortgages no fees, and Axa mortgages for over 60s are 50%, 55%, and 70%.

Does Progressive Building Society do Pensioner Mortgages?

Yes, Progressive Building Society Pensioner Mortgages are 5.12% APRC.

Equity Release LTV

The more aged you are and the more illnesses you have you are, the more money you can release.

More 2 Life Flexi Choice Voluntary Payment Super Lite
Hodge Equity Release Schemes
Stonehaven Lifetime Mortgage
Nationwide Equity Release Schemes
Lloyds Bank Equity Release Plans
Aviva Lifetime Mortgages
More to life Tailored Choice Plan
Just retirement defined benefit
Stonehaven Equity Release Plan
NatWest Interest Only Lifetime Mortgage
Aviva Lifetime Mortgage
More to life Flexi Choice Voluntary Payment Super Lite
More 2 Life Tailored Choice Plan
Nationwide Equity Release Schemes
Aviva Lifestyle Flexible Option
Canada Life Lifetime Mortgages
Hodge Lifetime Mortgage Flexible Drawdown Plan
L&G Legal & General Flexible Max Scheme
Liverpool Victoria LV Equity Release Schemes
More to life Capital Choice Plan
Pure Retirement Equity Release Plans
Stonehaven Equity Release Scheme
Lloyds Bank Equity Release
Royal Bank of Scotland Equity Release

Popular LTV percentages of Lloyds mortgages for people 60 plus, Barclays retirement mortgages over 60, Post Office over 60 lifetime mortgages no fees, Legal and General mortgages for people over 50, Royal Bank of Scotland lifetime mortgages for over 60s and Nationwide BS RIO mortgages over 75 are 45%, 60% and 70%.

Does Progressive Building Society offer Retirement Mortgages?

Yes, Progressive Building Society Retirement Mortgages are 5.12% MER.

Towns where equity release is routine

Westbury
Wickham
Brough
Todmorden
Chingford
Stocksbridge
Witham
Bude-Stratton
Leyland
Seaford
Heathfield
Altrincham
Burnley
Chippenham
Minchinhampton
Polegate

Does Progressive Building Society offer Equity Release Under 55?

Yes, Progressive Building Society Equity Release Under 55 is 5.12% MER.

Some of the most popular pensioner finance products include Lloyds later life borrowing schemes, Barclays Bank retirement interest only mortgages, Halifax interest-only mortgages for people over 70, Legal & General over 60 lifetime mortgages and Nationwide BS retirement interest-only mortgages.

Does Progressive Building Society do Lifetime Mortgages?

Yes, Progressive Building Society do lifetime mortgages at 5.12% APRC. Progressive Building Society Lifetime Mortgages have a loan to value of 55%.

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