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RBS Retirement Mortgages – Royal Bank of Scotland – for 2022

RBS Retirement Mortgages

  • Remove tax-free money from your home with RBS Retirement Mortgages
  • Not necessary to make regular monthly payments
  • Help your family with the equity you release
  • Are you still paying a mortgage? That’s fine we can help
  • Stay living in your own home
  • Can be used to optimise tax planning

How much money can I get?

You can borrow 65% of your home’s valuation. For example, if your home is valued at £200000 you can get £130000.

  • Free No Obligation Quote

  • Please enter a number from 3000 to 2000000000.
  • Please enter a number from 30000 to 100000000.
  • Leave blank if no mortgage outstanding
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rbs retirement mortgages low rate

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rbs lifetime mortgages

  • Free No Obligation Quote

  • Please enter a number from 4000 to 20000000.
  • Leave blank if no mortgage outstanding
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rbs interest only retirement mortgages RIO

Disadvantages of Home Reversion Plans

A lifetime mortgage with flexible drawdown cash release can reduce the value of your estate. A monthly payment lifetime mortgage may impact entitlements to benefits. You may need to pay a broker’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 Freehold house or a Leasehold flat and if the resident is an Owner Occupier.

  • Just Retirement Equity Release
  • More to life Tailored Choice Plan
  • Lloyds Bank Equity Release
  • Saga home reversion plan
  • L&G Legal & General Flexi Max Voluntary Repayment Plan
  • Liverpool Victoria LV= Lump Sum Plus Lifetime Mortgage
  • Nationwide Equity Release Schemes
  • NatWest Equity Release Plans
  • Aviva Equity Release
  • More to life Capital Choice Plan
  • Nationwide Equity Release Schemes
  • NatWest Lifetime Mortgage
  • Saga Equity Release Plans

It’s often found to discover individuals searching for home reversion schemes, lumpsum lifetime mortgages or home reversion schemes. However, Key Solutions like Maximum cover Equity Release are keen to see proof of your circumstances in the form of investment statements.

What percentage can be released?

The older you are and the unhealthier you are, the more money you can release.

Legal & General - Premier Flexible Black

Challenging to mortgage home variants include properties built or converted into dwellings within the last 10 years, properties with a single annexe or other self-contained parts of the property, agricultural use of the land and any outbuildings, properties with mobile phone masts which are not within influencing distance of the house and properties that have a private water supply provided a contract is in place with an approved maintenance company for regular testing and maintenance.

Legal & General Home Finance lifetime mortgage

More to life  - Tailored Choice Plan

Challenging to finance home variants include high service charges, ground rent where the lease or any deed varying the lease provides for a ground rent exceeding, or where the escalating provisions would result in the ground rent exceeding £250 per annum (or £1000 per annum where the property is in Greater London), some properties with sitting tenants or regulated tenancies, asbestos construction and properties that have never been registered with the land registry.

More to life  - Capital Choice Plan

What percentage can be released?

  • 50% home reversion plans Maximum cover Equity Release
  • 45% LTV monthly payment equity release Bridgewater
  • 30% loan to value monthly payment lifetime mortgage Beverley
  • 60% loan to value lump sum lifetime mortgages Bower

Santander Retirement Mortgage Age

Hard to finance property types include pre-fabricated reinforced concrete (PRC), timber-framed properties built between 1920 and 1965, steel frame/clad properties built before 1990, privately developed flats in blocks of two storeys without a lift and properties where the flat is accessed via a deck or balcony.

Aviva Lifetime Mortgages
Santander Retirement Mortgage Interest Rates

Difficult to mortgage home types include properties in poor condition, properties where tenants live in a self-contained part of the property, leasehold properties where the lease length is currently unacceptable, commonhold properties and freehold flats (England, Wales, Northern Ireland).

Towns where Lifetime Mortgages are popular

  • Bexley
  • Arundel
  • Mildenhall
  • Wetherby
  • Rothbury
  • Loddon
  • Dereham
  • Whitehaven
  • Chippenham
  • Partington
  • Chertsey
  • Hessle

Some of the most popular loan to value percentages of Virgin Money mortgages for pensioners over 60, Zurich retirement interest-only mortgages over 75, Leeds Building Society later life interest-only mortgages over 60, Skipton Building Society retirement mortgages over 65, West Bromwich Building Society mortgages for pensioners over 60 and Cumberland Building Society mortgages for people 60 plus are 35%, 55% and 65%.

UK Equity Release Providers

  • Age Partnership
  • One Family
  • Age Partnership

Popular loan to value ratios of LVE retirement interest-only mortgages over 60, More to life interest-only mortgages for over 60s near London, One Family mortgages for 60 plus, Yorkshire Bank later life borrowing schemes over 55, Royal London mortgages for pensioners over 60 and SunLife pensioner mortgages over 70s are 45%, 55% and 70%.

Common LTV ratios of TSB interest only lifetime mortgages for over 60s, Barclays Bank help to buy for over 60s, Halifax retirement mortgages over 70, Legal and General interest only mortgages for people over 70, Bank of Scotland pensioner mortgages over 70s and Nationwide BS mortgages for 60 year olds are 50%, 55% and 70%.

Retired business owners that may be interested in lifetime mortgages

  • Manufacture of fasteners and screw machine products Coleshill
  • Wholesale of hardware, plumbing and heating equipment and supplies Henley-on-Thames
  • Manufacture of jewellery and related articles Swanage
  • Production of meat and poultry meat products Godmanchester
  • Retail sale by opticians Burslem
  • Combined office administrative service activities Penkridge
  • Retail sale of antiques including antique books in stores Spalding
  • Activities of mortgage finance companies Chulmleigh
  • The weaving of textiles Workington
  • Treatment and disposal of non-hazardous waste Buntingford
  • Raising of sheep and goats Keighley
  • Transmission of electricity Keswick
  • Wholesale of hides, skins and leather Thirsk
  • Manufacture of agricultural tractors Looe
  • Activities of households as employers of domestic personnel Billingham
  • Manufacture of loaded electronic boards Ringwood
  • Motion picture, video and television programme post-production activities Wimborne Minster
  • Manufacture of bearings, gears, gearing and driving elements Wimbledon

Many of the most appealing retirement loan offerings are Lloyds Bank interest only mortgages for people over 70, Barclays Bank mortgages for over 60s, Halifax later life mortgages, L&G pensioner mortgages and Nationwide retirement mortgages.

Over 55 Home owner

Do RBS do Retirement Mortgages?

Yes, RBS does retirement mortgages at 2.56% APR.

Do RBS do Equity Release Under 55?

Yes, RBS Equity Release Under 55 is 2.56% APR.