Lifetime mortgages for purchase of a house in the UK

purchase

  • Release-tax free equity from your house
  • You don’t need to make regular monthly payments
  • Use the equity released for anything you like
  • Still have a few more mortgages payments to make? No problems
  • Continue to live in your own property
  • Often used to help tax planning
  • Your Requirements

  • Please enter a number from 5000 to 20000000.
  • About You

  • Please enter a number from 25 to 90.
  • By clicking Submit and ticking the box above you agree to be contacted by email or telephone by an FCA authorised equity release advisor and confirm that you have read and agreed to our Terms & Conditions and our Privacy Policy

West London Home
Wandsworth Family Home
Homeowner in their 60s
Money tied up in house

 

Equity Release UK Lenders

  • Bower
  • More to Life
  • the Telegraph
  • Prudential
  • Legal & General

Principality Building Society Pensioner Mortgage Calculator

Retired business owners that may be interested in Home Reversion Schemes

  • Manufacture of synthetic rubber in primary forms Spalding
  • Electrical installation Crediton
  • Wholesale of dairy products, eggs and edible oils and fats St Mary Cray
  • Binding and related services Sheringham
  • Demolition Ramsgate
  • Wholesale of mining, construction and civil engineering machinery Launceston
  • Renting and leasing of cars and light motor vehicles Bromborough
  • specialised design activities Haslemere
  • Media representation services Leyton
  • Manufacture of pumps Birchwood
  • Urban and suburban passenger railway transportation by underground, metro and similar systems Liskeard
  • Manufacture of plastic packing goods Gainsborough
  • Manufacture of mattresses Hebden Royd
  • Other accommodation Swanscombe and Greenhithe
  • Specialised cleaning services Bentham
  • Manufacture of pesticides and other agrochemical products Swaffham
  • Manufacture of soft drinks; production of mineral waters and other bottled waters Cheltenham
  • Unlicensed carrier South Cave

OneFamily joint lifetime mortgage

more 2 life lifetime mortgage

Canada Life Home Finance lifetime mortgage for properties in Scotland

Pure Retirement Ltd joint lifetime mortgage

Principality Building Society Over 50 Mortgage

 

Areas of the UK where equity release is common

  • Ulverston
  • Dovercourt
  • Shoreham-by-Sea
  • March
  • Padstow
  • Padstow
  • Birkenhead
  • Hartlepool
  • Coleford
  • Raunds
  • Highworth
  • Ingleby Barwick
  • Swaffham
  • Haslingden
  • Aldeburgh
  • Hartland
  • Shaftesbury
  • Kidsgrove
  • Wednesbury
  • Eastwood

 

  • Aviva Lifetime Mortgages
  • Hodge Lifetime Mortgage Plus
  • Just retirement defined benefit
  • Royal Bank of Scotland Equity Release
  • Saga Equity Release Schemes
  • Aviva Equity Release Schemes
  • Just retirement equity release key features
  • Pure Retirement Classic Voluntary Payment Super Lite
  • Nationwide Equity Release Plans
  • Canada Life Lifestyle Lite Flexi
  • Liverpool Victoria LV Equity Release Plans
  • Nationwide Equity Release Schemes
  • More to Life Tailored Choice Plan
  • Hodge Lifetime Mortgage Flexible Drawdown Plan
  • Liverpool Victoria LV Equity Release
  • More2Life Flexi Choice Drawdown Lite Plan
  • Stonehaven Interest Only Lifetime Mortgage
  • Nationwide Equity Release
  • Age Partnership Interest Only Lifetime Mortgage

 

Equity Release LTV Percentages

  • 50% monthly payment equity release Legal & General
  • 60% LTV monthly payment life time mortgage Just Retirement
  • 40% loan to value home reversion schemes LV equity release
  • 25% loan to value (LTV) monthly payment lifetime mortgage Evolution Money
  • 30% loan to value monthly payment equity release HSBC Direct
  • 40% loan to value monthly payment equity release Prudential Lifetime

 

Downsides of Lifetime Mortgages

Lump sum lifetime mortgages can reduce your estate value. Lifetime mortgage with flexible drawdown cash release may impact entitlements to benefits. You may need to pay an advisor’s fee and you could have higher rates to pay with some schemes.

The mortgage lender will want to know if the property is a Semi detached freehold house or a Leasehold flat with share of freehold and if the resident is an AST Tenant.

What percentage can be released?

The more aged you are and the more serious your illnesses you are the more money you can release.

Hodge Lifetime Lifetime Mortgages

Legal and General Retirement Mortgages

Pure Retirement Equity Release

LV Lifetime Mortgages

It is often found to encounter individuals searching for lump sum lifetime mortgages, lumpsum lifetime mortgages or interest-only lifetime mortgages, however, Age Concern like The Exeter Equity Release are keen to see proof of your personal situation in the form of bank statements.