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Is Skipton Building Society Equity Release the best deal for your needs?

  • Skipton Building Society Equity ReleaseRemove tax-free equity from your property with Skipton Building Society Equity Release
  • No need to make monthly payments
  • Help your family to buy a home
  • Stay living in your own home for as long as you like
  • Can help tax planning

Equity release loan to value?

You can get 65% of your property’s valuation. For example, if your house is valued at £330000 you can get £214500.

  • Your Requirements

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

Customer Testimonials

mortgage calculator skipton

Sandra from Manchester

I got Skipton Building Society Equity Release to give money to my daughter to buy a house. Without the money I borrowed, her buying a home would have been impossible.

skipton building society mortgage calculator

Mrs V from Hastings

I had spent my life running up credit cards and loans then getting interest-only mortgages to pay off the debt. I got to 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 and I spent £20,000 on a new bathroom and kitchen. I now know I can stay in my home.

skipton lifetime

Ms G from Dover

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

skipton building society equity release

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.

mr-g skipton building society lifetime mortgage

Mr G from Kent

I got an interest-only lifetime mortgage and gave my sons £100,000 each so they could put a deposit down on a home. My money made it possible for them to get a very good mortgage deal, especially one son who is not well paid.

  • Your Requirements

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

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Homeowner in their 60s
skipton building society lifetime mortgage rates

Skipton building society Equity release is common among small business owners like below

  • Financial leasing Ormskirk
  • Manufacture of knitted and crocheted fabrics Dagenham
  • Manufacture of motor vehicles Bishops Waltham
  • Manufacture of fibre optic cables Woking
  • Inland passenger water transport Kettering
  • Wholesale of metals and metal ores Erith
  • Hunting, trapping and related service activities Knutsford
  • Manufacture of wooden containers Evesham
  • Motion picture, television and other theatrical casting activities Bedford
  • Finishing of textiles Windsor
  • Raising of poultry New Alresford
  • specialised design activities Trowbridge
  • Film processing Brigg
  • The casting of steel Swindon
  • Wholesale of audio tapes, records, CDs and videotapes and the equipment on which these are played Andover
  • Fire service activities Bolsover
  • Agents selling agricultural raw materials, livestock, textile raw materials and semi-finished goods Silsden
  • Steam and air conditioning supply Arundel

Tough to mortgage home titles include properties with legal agreements such as Overage, Clawback, Option, Pre-emption, or any onerous Restrictive Covenant, 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, mundic homes and Reema Hollow panel, Schindler and Hawksley SGS, Stent, Stonecrete, Stour, Tarran, Underdown, Unity and Butterley, Waller, Wates, Wessex, Winget and Woolaway.

  • Just retirement equity release key features
  • Stonehaven Lifetime Mortgage
  • Nationwide Equity Release Plans
  • Skipton Building Society Equity Release
  • More to Life Capital Choice Plan
  • Royal Bank of Scotland Equity Release
  • Aviva Lifestyle Flexible Option
  • Hodge Lifetime Flexible Voluntary Repayment Plan
  • L&G Legal & General Flexi Max Voluntary Repayment Plan
  • Pure Retirement Equity Release
  • Stonehaven Equity Release Scheme
  • TSB Equity Release Plans
  • NatWest Interest Only Lifetime Mortgage
  • Saga Equity Release Plans
  • Canada Life Voluntary Select Gold
  • Hodge Equity Release Schemes
  • Liverpool Victoria LV= Lump Sum Plus Lifetime Mortgage
  • Nationwide Equity Release Schemes
  • HSBC Equity Release Schemes
  • Skipton Building Society Equity Release
  • Nationwide Interest Only Lifetime Mortgage
  • TSB Equity Release Plans
  • Saga Equity Release Schemes
  • More 2 Life Flexi Choice Drawdown Lite Plan

Challenging to finance property variants can include properties built or converted into dwellings within the last 10 years, properties with flying or creeping freehold which comprises 15% or less of the total floor area, properties without direct access to an adopted highway or which are accessed over an unmade road, properties with mobile phone masts which are not within influencing distance of the house and properties adversely affected by existing or proposed issues including roads, rail, airports, power plants, power lines/pylons, wind turbines, sub stations, sewage works, quarries, fuel stations, refuse sites, sports grounds, noise, light or environmental pollution.

What percentage can be released with Skipton Building Society Equity Release?

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

skipton building society buy to let equity release
Equity Release Mortgage Under 55

Difficult to mortgage property types can include eco houses and modern methods of construction, properties with any external treatment applied to the roof after construction, properties with minimum floor area of 30 square metres, former local authority flats and privately developed flats in blocks of three or four storeys without a lift.

skipton building society rates

Difficult to finance property types can include properties in poor condition, properties where letting arrangement where the tenancy agreement is not appropriate, leasehold properties (England, Wales, Northern Ireland) subject to a lease length of 160 years, properties with unregistered titles subject to these being registered as part of the legal process and properties where the borrower(s) own the freehold with any connected party.

skipton building society mortgages

Popular loan to values of Aviva mortgages over 70s, Direct Line later life mortgages for over 60s, Churchill later life borrowing schemes over 55, Principality Building Society pensioner mortgages over 70s, West Bromwich Building Society interest only mortgages for over 70s and National Counties Building Society interest only retirement mortgages for over 70s are 40%, 55% and 70%.

skipton building society interest rates

Common loan to value percentage ratios of Liverpool Victoria mortgages for 60 plus pensioners, More to Life RIO mortgages over 75, OneFamily interest only lifetime mortgages for people over 60, YBS later life mortgages for over 70s, Metro Bank later life interest only mortgages over 70 and Sun Life lifetime mortgages for people over 55 are 45%, 55% and 65%.

How much is it common to release from a home

  • 60% lumpsum lifetime mortgages Fortify Insurance Solutions
  • 45% loan to value (LTV) monthly payment lifetime mortgage Saga
  • 30% loan to value lifetime mortgage with flexible drawdown cash release Platform Mainstream

Aviva Equity Release

Lenders for Equity Release

  • Key Retirement
  • Prudential
  • More2Life
  • Fortify Insurance Solutions

The mortgage lender will want to know if the property is a Semi detached freehold house or a Leasehold flat and if the resident is an Owner Occupier Primary Residence.

Lloyds Equity Release Advice

Some of the most popular pensioner finance products include Lloyds Bank over 60 lifetime mortgages, HSBC mortgages for 60 plus, Post Office mortgages for people 60 plus, L&G later life mortgages and Nationwide BS interest only lifetime mortgages.

It is usual to discover individuals looking for monthly payment equity release, lumpsum lifetime mortgages or home reversion schemes, however, the Telegraph like Zurich are keen to see proof of your situation in the form of bank statements.

Lloyds

Towns where Lifetime Mortgages are routine

  • Ulverston
  • Saxmundham
  • Acle
  • Saxmundham
  • Totnes
  • St Ives
  • Wallsend
  • Tickhill
  • Stretford
  • Grimsby
  • Clitheroe
  • Pudsey
  • Redruth
  • Worthing
  • Dunstable
  • Walton-on-Thames

Downsides of Home Reversion Plans

Monthly payment lifetime mortgage can reduce the inheritance for your family. Interest-only lifetime mortgages may impact ability to get state benefits. You may need to pay an advisor’s fee and some products expose you to changes in interest rates.

Common loan to value ratios of Lloyds Bank later life interest only mortgages over 70, HSBC over 60 lifetime mortgages no fees, Natwest mortgages for over 65, Legal and General interest only mortgages for over 60s near London, Royal Bank of Scotland lifetime mortgages for over 60s and Nationwide Building Society over 60 lifetime mortgages are 45%, 55% and 65%.