Remove tax-free cash from your house
No monthly payments
Help your family with the equity you release
Stay living on your property
5.14%

How much can I release?

You can release 65% of your home’s value. For example, if your home is worth £220,000, you can release £143,000.

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Customer Reviews

Sophie G from Aberdeen

The financial advisor I’ve had for 25 years said I could save inheritance tax by getting £350,000 of equity release. The money was lent at a very low interest rate, close to 2%, and competitive with standard mortgages you would get by providing income. I have saved a lot of tax.

David P

With my power of attorney, I got an equity release on my father’s house to pay for disability provisions, including a lift and a new kitchen.

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.

Challenging to mortgage property titles can include properties with legal agreements such as Overage, Clawback, Option, Pre-emption, or any onerous Restrictive Covenant, high service charges – properties where the Service Charge per annum at the time of application is more than 5.19% of the property value, properties of non-standard construction, mundic homes and concrete frame.

The 1st and 2nd charge lender will want to know if the property is a Freehold house or a Leasehold flat with a share of freehold and if the resident is an Assured shorthold tenancy tenant.

What percentage can be released?

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

Towns of the UK where Lifetime Mortgages are popular

Biddulph
Manningtree
Burslem
Burford
Ilkeston
Hounslow
Bognor Regis
North Petherton
Newmarket
Darley Dale
St Neots
Great Yarmouth
Brackley
Attleborough
East Cowes
Coulsdon

How much is it expected to release from a home

50% lifetime mortgage with flexible drawdown cash release Royal London Equity Release
25% loan to value (LTV) interest-only lifetime mortgages Masthaven
50% loan to value (LTV) lumpsum lifetime mortgages 1st Stop Home Loans
35% loan to value lifetime mortgage with flexible drawdown cash release More to Life
60% LTV lump sum lifetime mortgages 1st Stop Home Loans

Bath Building Society Equity Release Advice

Tough-to-finance property titles include properties built or converted into dwellings more than ten years ago, properties with a single annexe or another self-contained part of the property, agricultural land use, and any outbuildings. These properties are used for personal and commercial use, as well as properties where Japanese knotweed is present.

Santander Retirement Mortgage Calculator

Providers for UK Equity Release

Key Solutions
Prudential Lifetime
Key Retirement

Manufacture of cordage, rope, twine and netting Thorne
Repair of machinery Stalbridge
Manufacture of cement Bletchley and Fenny Stratford
Manufacture of other carpets and rugs in Wokingham
Activities of professional membership organizations Workington
Manufacture of plastic packing goods Hedon
Plastering Seaham
Security systems service activities Bromley
Other information technology service activities St Ives
Wholesale of other food, including fish, crustaceans and molluscs Bideford
Cold forming or folding Macclesfield
Pension funding Mansfield
Video production activities Stanley
Manufacture of other general-purpose machinery n e c, Broadstairs and St Peters
Shaping and processing of flat glass Highbridge
Taxi operation Southall
Agents involved in the sale of timber and building materials Broughton-in-Furness
Tour operator activities Grassington

Rugged-to-mortgage home variants include pre-fabricated reinforced concrete (PRC), properties with spray foam insulation applied to the underside of the roof, properties constructed or converted within the past 10 years, privately developed flats in blocks of two storeys without a lift, and flats above or adjacent to commercial premises.

More 2 Life Flexi Choice Drawdown Lite Plan
More to Life Capital Choice Plus Plan
L&G Legal & General Premier Flexible Lifetime Mortgage
Pure Retirement Classic Voluntary Payment Super Lite
NatWest Equity Release Schemes
Stonehaven Lifetime Mortgage
Nationwide Interest Only Lifetime Mortgage
NatWest Equity Release Plans
Aviva Equity Release
Just Retirement Interest Only Lifetime Mortgage
Liverpool Victoria LV= Flexible Lifetime Mortgage
Stonehaven Interest Select Plan
TSB Equity Release
Royal Bank of Scotland Lifetime Mortgage
More 2 Life Tailored Choice Plan

Hard-to-finance home types include properties in poor condition, properties where multiple third parties are living in an annexe, leasehold properties (England, Wales, Northern Ireland) subject to a lease length of 160 years, leasehold properties (except flats and maisonettes) and properties with leased solar panels.

Bath Building Society Equity Release Reviews

The typical LTV percentages of Standard Chartered over-60-lifetime mortgages, Zurich mortgages for those over 65, Churchill mortgages for people over 50, Skipton Building Society equity release schemes for those over 55, Newcastle Building Society interest-only lifetime mortgages for people over 60, and Progressive Building Society later life interest-only mortgages over 70 are 40%, 60%, and 70%.

Aviva Mortgages

Legal and General Equity Release

Pure Retirement Lifetime Mortgages

Some of the most common loan-to-value percentages of Liverpool Victoria mortgages for over 50-year-olds, More to Life mortgages for 60-plus pensioners, One Family equity release plans for people over 60, Yorkshire Bank pensioner mortgages over 70s, Principality Building Society mortgages for people over 50 and Sun Life mortgages for people 60 plus are 50%, 60% and 65%.

It’s common to find people searching for a monthly payment lifetime mortgage, monthly payment lifetime mortgage or lifetime mortgage with flexible drawdown cash release; however, Bower, like Maximum Cover Equity Release, is keen to see proof of your circumstances in the form of bank statements.

Exploring Retirement Mortgages and RIO Mortgages in the UK

Navigating the UK housing and mortgage market requires a deep understanding of various products, schemes, and rates. With a growing population approaching retirement, retirement mortgages and Retirement Interest Only (RIO) mortgages have become increasingly prevalent. This guide will delve into the intricacies of these mortgage options, especially in the context of equity release.

Pure Retirement Ltd joint lifetime mortgage

The popular LTV percentages of TSB mortgages for over 50-year-olds, mortgages for over 50-year-olds, Post Office later life interest-only mortgages over 75, Legal & General interest-only mortgages for over 60s near London, RBS interest-only mortgages for people over 70, and Nationwide Building Society pensioner mortgages over 55 are 45%, 60%, and 65%.

Equity Release Under 55

Legal & General Home Finance lifetime mortgage

Downsides of Lifetime Mortgages

A lifetime mortgage with a flexible drawdown cash release can reduce the inheritance for your family. A lifetime mortgage with flexible drawdown cash release may impact entitlements to benefits. You may need to pay a broker’s fee and could be exposed to changes in interest rates with some products.

Appealing pensioner finance products are TSB mortgages for over 65, Barclays Bank later life mortgages, Halifax retirement interest-only mortgages, L&G interest-only lifetime mortgages, and Nationwide Building Society mortgages for over 65.