Compare Saffron Equity Release 5.08% APR

• Remove tax-free money from your property.
• No monthly payments with Saffron Building Society Equity Release
• Help your family with the cash you release
• Stay living in your property for as long as you like
• Often used to help with tax planning.

How much can I borrow?

You can release 60% of your property’s value. For example, if your house is valued at £260,000, you can borrow £156,000.

Customer Testimonials

Sandra from Manchester

I got an equity release to give my daughter money to buy a house. Without the money I borrowed, her buying a home would have been impossible.

Mrs V from Hastings

I had spent my life running up credit card debt and loans, then getting interest-only mortgages to pay it off. I reached retirement age and still owed the bank £160,000. The term was about to expire, and I could not afford the payments on my pension anyway. I got £180,000 equity release, and now I am more comfortable with no monthly repayments. I spent £20,000 on a new bathroom and kitchen. I now know I can stay at home.

Mrs Daly from Glasgow

My daughter lives in the States and does not have health insurance. My £ 30,000 lifetime mortgage paid the medical bills for her son’s birth and a year’s rent in advance for a new flat for the baby.

Ms T from Hammersmith

My husband recently died, leaving me with a mortgage I could not afford to pay. The lifetime mortgage allowed me to pay off the mortgage and have enough money left over for a new bathroom, kitchen, and roof repair.

Mrs L from Nottingham

I had to pay a valuation and solicitor fees, but no lender or broker fees for my lifetime mortgage. As I was divorcing my husband of 30 years, the money went to him for his share of the house. I am happy now as I am secure, and I do not need to move from my home.

Mrs G from Leeds

My daughter is a single mother, and I got a £ 120,000 lifetime mortgage to buy her a flat outright as she has had a succession of poorly maintained rental flats not suitable for her child.

Ms G from Dover

I divorced my husband, who was a violent alcoholic. I really feared losing my home as I sometimes looked after my daughter’s children. Equity release enabled me to pay off my ex and stay secure in my house.

• nationwide mortgages for over 60s: Retirement Mortgages Advice
• Nationwide
• Nationwide Lifetime Mortgage Broker

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• Natwest Lifetime Mortgage Maximum Ltv
• Nationwide Equity Release Drawdown
• Bad Credit Mortgage Lenders
• Natwest Equity Release Best Deals

• Barclays Retirement Interest Only Mortgage No Payments
• 1960s steel-framed house mortgages
• Halifax Equity Release Brokers UK
• Natwest Retirement Mortgage Interest Only
• Age Partnership

• YBS Lifetime Mortgage Calculator
• BISF Equity Release Drawdown

Equity Release LTV with Saffron Building Society Equity Release

• 55% monthly payment lifetime mortgage Fortify Insurance Solutions
• 25% loan-to-value (LTV) home reversion schemes BlueZest
• 55% loan to value (LTV) lump sum lifetime mortgages 1st Stop Home Loans

• Bridgewater Lifetime Mortgage
• Hodge Lifetime Mortgage Plus
• More to Life Flexi Choice Drawdown Lite Plan
• Pure Retirement Lifetime Mortgage
• Stonehaven Lifetime Mortgage
• Canada Life Lifetime Mortgages
• Just Retirement Drawdown Lifetime Mortgage
• L&G Legal & General Flexible Plus Lifetime Mortgage
• Nationwide Equity Release
• Aviva Equity Release Schemes
• Hodge Lifetime Flexible Voluntary Repayment Plan
• More to Life Flexi Choice Voluntary Payment Super Lite
• TSB Lifetime Interest-Only Mortgage
• Saga home reversion schemes
• Bridgewater Equity Release
• Canada Life Lifetime Mortgages
• L&G Legal & General Flexible Max Plus
• Nationwide Equity Release Schemes
• Interest-Only Lifetime Mortgage Products
• Age Partnership Interest Only Lifetime Mortgage

It’s common to find individuals seeking lifetime mortgages with flexible drawdown cash releases, lump-sum lifetime mortgages, or home reversion schemes. However, like AIG Life, More to Life is keen to see paperwork that shows your situation, such as pension statements.

Areas of the UK where equity release is popular

• Wivenhoe
• Swindon
• Tiverton
• Saffron Walden
• Mossley
• Clevedon
• Mablethorpe and Sutton
• Carterton
• Kimberley
• Reading
• West Bromwich
• Northwich
• Tenterden
• Watchet
• Keighley

Legal and General

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Hard-to-finance home variants can include complex roof structures, properties with any externally applied wall insulation after construction, properties with a minimum floor area of 30 square metres, freehold/feuhold flats (Scotland only), and privately developed flats in blocks of three or four storeys without a lift.

Hard-to-mortgage property variants include properties where proposed building works have not yet commenced, age-restricted properties, right–to–buy properties in Scotland, commonhold properties, and properties where the borrower(s) own the freehold with any connected party.

The mortgage lender will want to know if the property is a Freehold terraced or Leasehold house, and if the resident is an AST Tenant.

UK Equity Release Lenders

• Age Partnership
• Stepchange
• the Telegraph
• More to Life

Equity Release Mortgage Under 55

Equity release and Saffron Building Society Equity Release is joint among business owners below.

• Silviculture and other forestry activities Crowborough
• Manufacture of industrial gases Barnard Castle
• Cutting, shaping and finishing of stone Penryn
• Manufacture of other products of wood; manufacture of articles of cork, straw and plaiting materials Ramsey
• Manufacture of machinery for food, beverage and tobacco processing Stretford
• Media representation services Sandhurst
• Manufacture of pumps Moretonhampstead
• Public order and safety activities Burslem
• Operation of warehousing and storage facilities for land transport activities Padiham
• Electrical installation Wadebridge
• Agents involved in the sale of machinery, industrial equipment, ships and aircraft in Great Yarmouth
• Manufacture of watches and clocks Stockton-on-Tees
• Manufacture of musical instruments Andover
• Satellite telecommunications activities Banbury
• Licensed carriers Shanklin
• Building of ships and floating structures Wimbledon
• Manufacture of wiring devices Burton upon Trent
• Reproduction of sound recording Frinton and Walton

Standard loan-to-value Aviva later life mortgages for over-60s, Shepherds Friendly mortgages for pensioners over 60, Sainsbury’s equity release schemes for over 55s, Coventry Building Society mortgages for over-50-year-olds, Nottingham Building Society equity release schemes for people over 70, and National Counties Building Society mortgages for 60 plus are 40%, 55%, and 70%.

Popular loan-to-value percentages of LV= later life mortgages for over 70s, More 2 Life over 60 mortgages, OneFamily mortgages for over 50-year-olds, Yorkshire Bank interest-only mortgages for over 65-year-olds, Metro Bank mortgages for people 60 plus, and Axa remortgages for people over 50 years old are 50%, 60%, and 70%.

Some of the most common loan-to-value ratios for Lloyds pensioner mortgages over 55, mortgages for over 60s, Post Office later life interest-only mortgages over 75, Legal and General interest-only lifetime mortgages for people over 60, Bank of Scotland over 60 mortgages, and Nationwide interest-only mortgages for over 60s are 45%, 60%, and 65%.