- 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.
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
- Yorkshire Bank Over 60 Mortgage
- HSBC Interest Only Mortgage
- Leek United Building Society Over 75 Mortgage
- Short Leasehold Over 60 Mortgage
- Metrobank Pensioner Mortgage
- Swansea Building Society Later Life Mortgages
- YBS Lifetime Mortgage Drawdown Scheme
- HSBC Lifetime Mortgage No Payments
- Flat Above Shop Lifetime Mortgage
- Over 55 Interest Only Mortgage
- Santander Lifetime Mortgage Interest Only Rates
- Cheshire Building Society Equity Release Loan
- Small Substation Next To House
- Just Retirement Over 65 Mortgage
- Equity Release With No Fees
- Sunlife Lifetime Interest Only Lifetime Mortgage
- Barnsley Building Society Equity Release Loan
- Teachers Building Society Over 75 Mortgage
- Nationwide Equity Release Plan
- Gloucester Building Society Over 60 Mortgage
- Yorkshire Bank Equity Release Schemes
- West Bromwich Building Society Over 75 Mortgage
- Release Equity In House Under 55
- Flying Freehold
- Short Leasehold
- Equity Release Under 40 Interest Only
- Lloyds Bank Pensioner Mortgage Interest Rates
- Equity Release Interest Rates
- Lloyds Pensioner Mortgage Advice
- Rbs Equity Release Loan
- Studio Flat UK
- Bridgewater Equity Release House
- Mansfield Building Society Pensioner Mortgage Calculator
- Mortgage For Pensioners
- Furness Building Society Over 60 Mortgage
- Yorkshire Building Society Homes
- Thatch – Roof
- National Counties Family Building Society Over 70 Mortgage
- Barnsley Equity Release Comparison
- Equity Release Under 60
- Crown Equity Release Loan
- Nationwide Equity Release Plan
- Nationwide Mortgages For Over 70S
- Royal Bank of Scotland Interest Only Lifetime Mortgage Reviews
- Shared Equity Release UK
- Newbury Building Society Retirement Mortgage
- HSBC Retirement Mortgage Calculator
- Marsden Building Society Over 55 Mortgage
- Santander Equity Release Plans
- Manchester Building Society Over 65 Mortgage
- Key Retirement Interest Only Lifetime Mortgage
- Santander Retirement Mortgage Interest Only
- Bank Of Scotland Equity Release Interest Only
- Monmouthshire Building Society Equity Loan
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.
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.
- 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.
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.
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%.
Popular loan to value percentage ratios of LV= interest only mortgages for people over 60, More to life 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%.
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
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.