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Short leasehold – 80 years or less – Lifetime mortgage and Equity Release for 2021

short-leaseholds

  • Release money from your house
  • No monthly repayments
  • Use the money for home improvements
  • Continue to stay in your property
  • Often used to help tax planning

How much money can I release?

You can borrow 70% of your home’s value. As an example, if your home is valued at £240000 you can release £168000.

  • Your Requirements

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

Over 55 Home owner
Putney Home
Old money home
Raise money with your home
West London Home

  • Your Requirements

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

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Hodge Lifetime - Flexible Repayment Plan - NO Early Repayment Charges

Tough to finance home variants include properties built or converted into dwellings within the last 10 years, properties with grounds in excess of five acres, properties with more than one annexe or self-contained part of the property, properties that have solar farms or a large number of wind turbines on the land and properties with mobile phone masts which are within influencing distance of the house.

Legal & General - Flexible Yellow

Difficult to mortgage home types can include pre-fabricated reinforced concrete (PRC), properties with pre 1945 asbestos or similar composition roof tiles, properties constructed or converted within the past 10 years, former local authority flats and properties where the flat is accessed via a deck or balcony.

More2Life - Capital Choice Plan

Hard to mortgage home types can include properties in the course of construction or pre-construction, properties where tenants live in a self-contained part of the property, feuhold/freehold properties (including flats) in Scotland, properties which are made up of multiple titles and properties with single skin brickwork.

Pure Retirement - Classic Super Lite Plan

Towns where retirement mortgages are routine

  • Warminster
  • Blackburn
  • Lyme Regis
  • West Mersea
  • Winterton
  • Hemsworth
  • Wigton
  • Beverley
  • Gorleston-on-Sea
  • Camelford
  • Barnard Castle
  • Smethwick
  • Thorpe St Andrew
  • Holsworthy
  • Watlington
  • Eye
  • Haxby
  • Chatham
  • Kidsgrove
  • West Bromwich
  • Downham Market
  • Jarrow

 

Tough to mortgage home variants include properties built on contaminated land, properties without a kitchen or bathroom, derelict property or where part of the building is in severe disrepair and needs demolishing, mundic homes and concrete frame.

How much is it common to release from a home

The more elderly you are and the more serious your illnesses you are the more tax free cash you can release.

UK Equity Release Lenders

  • Key Retirement
  • Stonehaven Mortgage
  • Just Retirement

 

Common loan to value percentage ratios of Aviva over 60 lifetime mortgages, Direct Line pensioner mortgages over 70s, Leeds Building Society mortgages for 60 year olds, Principality Building Society retirement mortgages over 65, West Bromwich Building Society retirement mortgages over 70 and National Counties Building Society interest only mortgages for over 60s near London are 45%, 55% and 65%.

Hsbc Retirement Mortgage Broker

Some of the most common loan to value percentage ratios of LV= retirement mortgages over 70, More 2 Life mortgages over 65, OneFamily over 60 mortgages, Yorkshire Building Society mortgages for people over 50, Royal London lifetime mortgages for over 60s and Sun Life interest only mortgages for over 60s near London are 50%, 60% and 70%.

The 1st and 2nd charge lender will want to know if the property is a Detached freehold house or a Leasehold house and if the resident is an Owner Occupier Primary Residence.

Disadvantages of Lifetime Mortgages

Lump sum lifetime mortgages can reduce the inheritance for your family. Monthly payment equity release may impact ability to get state benefits. You may need to pay a broker’s fee and you could have higher rates to pay with some schemes.

Examples of retired small business owners likely to have equity to release

  • Support activities for petroleum and natural gas extraction Portland
  • Compulsory social security activities Wivenhoe
  • Wholesale of wine, beer, spirits and other alcoholic beverages Birkenhead
  • Renting and operating of Housing Association real estate Filton
  • Activities of other membership organizations n e c Wooler
  • Passenger rail transport, interurban Kirkby Lonsdale
  • Artistic creation Wragby
  • Activities of collection agencies Stainforth
  • Manufacture of optical precision instruments Mere
  • Cargo handling for land transport activities Wareham
  • Other activities of employment placement agencies Brading
  • Manufacture of other food products n e c Bridlington
  • Dental practice activities West Bromwich
  • Manufacture of metal forming machinery Garstang
  • Activities of investment trusts Tenbury Wells
  • Photocopying, document preparation and other specialised office support activities Ollerton and Boughton
  • Extraction of salt Andover
  • Other manufacturing n e c Leominster

It’s very regular to find individuals seeking out home reversion plans, monthly payment life time mortgage or interest-only lifetime mortgages, however, Lifetime Mortgage from L&G like LV Liverpool Victoria are keen to see evidence of your personal situation in the form of bank statements.

  • Just Retirement Equity Release
  • More2Life Capital Choice Plan
  • Hodge Lifetime Mortgage Plus
  • Aviva Lifetime Mortgage
  • Bridgewater Equity Release Schemes
  • Canada Life Landlord Voluntary Select Plan
  • More 2 Life Flexi Choice Voluntary Payment Super Lite
  • NatWest Equity Release Plans
  • Royal Bank of Scotland Lifetime Mortgage
  • Age Partnership Equity Release Plans
  • Bridgewater Equity Release Schemes
  • Pure Retirement Lifetime Mortgage
  • TSB Equity Release
  • Age Partnership Equity Release

 

Do Harpenden Building Society have positive reviews for equity release?

Yes, Harpenden Building Society reviews are commendable for equity release.

Equity Release percentages of your current property value

  • 55% lump sum lifetime mortgages Maximum cover Equity Release
  • 50% loan to value (LTV) lifetime mortgage with flexible drawdown cash release Age Concern
  • 25% loan to value (LTV) lifetime mortgage with flexible drawdown cash release United Trust Bank
  • 60% loan to value lumpsum lifetime mortgages Just Retirement
  • 50% loan to value (LTV) monthly payment equity release Norton Finance

Hsbc Retirement Mortgage Home

Popular LTV percentages of Lloyds Bank mortgages over 70s, HSBC mortgages for over 60s, Halifax interest only lifetime mortgages for over 70s, Legal and General mortgages for over 70s, RBS equity release schemes for over 55’s and Nationwide Building Society remortgages for people over 50 years old are 50%, 60% and 70%.

What are the current Harpenden Building Society interest rates for equity release?

Harpenden Building Society rates for equity release are 2.25% APR.

Canada Life Mortgages

Do Harpenden Building Society do Equity Release?

Yes, Harpenden Building Society Equity Release is 2.22% APR.

Crown Drawdown Lifetime Mortgages

Does Harpenden Building Society offer Pensioner Mortgages?

Yes, Harpenden Building Society Pensioner Mortgages are 2.01% APRC.

Hodge Lifetime

Does Harpenden Building Society offer Retirement Mortgages?

Yes, Harpenden Building Society Retirement Mortgages are 2.17% APRC.

Pure Retirement Drawdown Lifetime Mortgages

Does Harpenden Building Society offer Equity Release Under 55?

Yes, Harpenden Building Society Equity Release Under 55 is 2.3% MER.

Legal and General

Some of the most common retirement finance offerings include Lloyds retirement interest only mortgages, HSBC retirement mortgages, Natwest pensioner mortgages, Legal & General interest only mortgages for over 65 year olds and Nationwide BS over 60 lifetime mortgages.

More2Life Retirement Mortgages

Does Harpenden Building Society offer Lifetime Mortgages?

Yes, Harpenden Building Society do lifetime mortgages at 2.21% APRC. Harpenden Building Society Lifetime Mortgages can have a LTV of 65%.