Sorting by

×

Low rate equity release for shared equity homes – Lifetime Mortgages for 2021

shared-equity

  • Remove tax-free money from your home
  • You don’t need to make regular monthly payments
  • Free valuation
  • Help your family get a deposit for their own home
  • Stay living in your own house for as long as you like
  • Could be used to help tax planning

Equity release loan to value?

You can get 70% of your home’s value. For example, if your house is valued at £240000 you can borrow £168000.

  • Your Requirements

  • Please enter a number from 4000 to 200000000.
  • Please enter a number from 50000 to 10000000.

Cash tied up in home
Over 55 Home owner

  • Your Requirements

  • Please enter a number from 4000 to 20000000.
  • About You

  • By clicking Submit and ticking the box above you agree to be contacted by an FCA authorised advisor that you have read and agreed to our Terms & Conditions and our Privacy Policy.

Drawbacks of Equity Release Plans

Interest-only lifetime mortgages can reduce your estate value. Lump-sum lifetime mortgages may impact the ability to claim entitlements. You may need to pay a legal fee and you could have higher rates to pay with some schemes.

Equity Release percentages of your current property value

  • 55% monthly payment lifetime mortgage LV Liverpool Victoria
  • 55% loan to value monthly payment lifetime mortgage Bower
  • 30% LTV lifetime mortgage with flexible drawdown cash release Shawbrook
  • 25% loan to value (LTV) monthly payment lifetime mortgage United Trust Bank

 

It is usual to discover people searching for monthly payment lifetime mortgage, monthly payment lifetime mortgage or home reversion schemes, however, Just Retirement like Legal & General are keen to see evidence of your personal circumstances in the form of bank statements.

Canada Life Drawdown Lifetime Mortgages

Challenging to mortgage home titles can include properties will be assessed for flood risk, properties close to mining works, areas of landfill, areas of recent flooding or subsidence, properties where there are boundary disputes or where planning applications have not been applied for correctly, corrugated iron construction and concrete frame.

Just Lifetime Mortgages

Aviva Retirement Mortgages

Tough to finance home variants can include grade ll Listed houses (grade C in Scotland and B2 in Northern Ireland), properties with a single annexe or other self-contained part of the property, properties with more than one annexe or self-contained part of the property, properties with flying or creeping freeholds which comprise over 15% of the total floor area and properties with mobile phone masts which are within influencing distance of the house.

Yorkshire Bank Interest Only Mortgage

 

  • Bridgewater Lifetime Mortgage
  • Just Retirement Interest Only Lifetime Mortgage
  • Liverpool Victoria LV Equity Release Plans
  • TSB Lifetime Mortgage
  • Royal Bank of Scotland Equity Release
  • Bridgewater Equity Release
  • L&G Legal & General Flexi Max Voluntary Repayment Plan
  • Liverpool Victoria LV Equity Release Schemes
  • More 2 Life Capital Choice Plus Plan
  • HSBC Equity Release Schemes
  • Royal Bank of Scotland Interest Only Lifetime Mortgage
  • Canada Life Equity Release
  • Just Retirement Equity Release
  • Saga home reversion schemes

 

Providers for Equity Release

  • Age Partnership
  • Santander
  • Lifetime Mortgage from L&G

Hard to finance home types include timber framed properties built before 1920, properties with pre 1945 asbestos or similar composition roof tiles, steel frame/clad properties built before 1990, coach houses i.e. freehold properties with garages beneath and basement or lower ground floor flats without level access to private or communal garden space.

Pure Retirement - Classic Super Lite Plan

Hard to mortgage property variants include properties in the course of construction or pre-construction, properties where multiple third parties are living in an annexe, feuhold/freehold properties (including flats) in Scotland, properties with unregistered titles subject to these being registered as part of the legal process and properties with owned solar panels.

OneFamily lifetime mortgage

Popular LTV percentages of Virgin Money mortgages for over 70s, Direct Line interest only mortgages for people over 70, Leeds Building Society lifetime mortgages for people over 55, Skipton Building Society later life interest only mortgages over 60, West Bromwich Building Society interest only mortgages for over 60s and Cumberland Building Society retirement interest only mortgages over 75 are 40%, 60% and 65%.

more 2 life joint lifetime mortgage

Popular loan to value percentage ratios of LV= interest only mortgages for people over 60, More2Life lifetime mortgages for people over 55, OneFamily interest only mortgages for over 60s near London, Yorkshire Building Society mortgages over 70s, Royal London over 60 lifetime mortgages and Axa mortgages for over 60s are 50%, 55% and 65%.

Aviva - Lifestyle Flexible Option

Some of the most common loan to value ratios of Lloyds Bank lifetime mortgages for over 55s, Barclays Bank mortgages for people 60 plus, Natwest interest only lifetime mortgages for people over 60, L&G interest only lifetime mortgages for over 60s, RBS mortgages for over 65 and Nationwide Building Society retirement interest only mortgages over 75 are 35%, 60% and 70%.

Business owners who could benefit from equity release tax planning

  • Sea and coastal freight water transport Wembley
  • Renting and leasing of office machinery and equipment including computers Oakengates
  • Manufacture of machinery for textile, apparel and leather production Waltham Abbey
  • Non-specialised wholesale trade Yarm
  • Retail sale of fish, crustaceans and molluscs in specialised stores Worksop
  • Construction of roads and motorways Littlehampton
  • Manufacture of fruit and vegetable juice Atherstone
  • Wholesale of textiles Maryport
  • Manufacture of margarine and similar edible fats Brampton
  • Construction of commercial buildings Bradford-on-Avon
  • Manufacture of homogenized food preparations and dietetic food Whitnash
  • Botanical and zoological gardens and nature reserves activities Thatcham
  • Other non-ferrous metal production Bingham
  • Retail sale of games and toys in specialised stores Plympton
  • Transport via pipeline Chester-le-Street
  • Technical and vocational secondary education Huntingdon
  • The casting of iron Poynton-with-Worth
  • Manufacture of glass fibres Burntwood

Yorkshire Bank Interest Only Mortgage

How much is it common to release from a home

The more aged you are and the more illnesses you have you are the more tax-free cash you can release.

Areas of the UK where equity release is routine

  • Barnet
  • Kirton-in-Lindsey
  • Kirkby Lonsdale
  • Batley
  • Bampton
  • Letchworth Garden City
  • Taunton
  • Epping
  • Hartland
  • Worksop
  • Paignton
  • Corringham
  • Highworth
  • Burgh-le-Marsh
  • Wadhurst
  • Manningtree
  • Whitchurch
  • Oakham
  • Keighley
  • Sturminster Newton
  • Bootle
  • Farnham
  • Whitchurch

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

Popular retirement mortgage products include Lloyds Bank mortgages for over 65, Barclays Bank help to buy for over 60s, Post Office later life interest only mortgages, Legal and General mortgages for over 65 and Nationwide BS over 60 lifetime mortgages.