Remove tax-free money from your property with Teachers Building Society Equity Release
No need to make monthly payments
Help your family with the equity you release
Still, have a mortgage? We can help with that
Continue to stay in your property
Can be a vehicle to reduce tax bills

How much money can I borrow?

You can achieve 60% of your home’s value. For example, if your home is worth £270000 you can get £162000.

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Crown

Hodge Lifetime Retirement Mortgages

Pure Retirement

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

It’s very regular to discover individuals looking for monthly payment life time mortgage, lumpsum lifetime mortgages or lifetime mortgage with flexible drawdown cash release, however, Key Retirement like LV Liverpool Victoria are keen to see paperwork to show your personal circumstances in the form of pension statements.

Areas where Teachers Building Society Equity Release are routine

Thornbury
Bedford
Loughton
Porthleven
Buxton
West Malling
Godalming
Bilston
Askern
Newquay
Brentford
Diss
Warminster
Bournemouth

Drawbacks of Teachers Building Society Equity Release

Monthly payment equity release can reduce your estate value. Monthly payment lifetime mortgage may impact ability to claim benefits. You may need to pay a valuation fee and you could be exposed to changes in interest rates with some products.

Challenging to mortgage home titles include rentcharges properties with a high estate rentcharge, high service charges – properties where the Service Charge per annum at the time of application is more than 2% of the property value, properties of non-standard construction, asbestos construction and properties that has never been registered with the land registry.

Tough to mortgage home titles can include flats of less than 30 square metres in any location, properties with grounds in excess of five acres, properties with a small number of solar panels or a wind turbine on the land for domestic use, properties where there is a self-contained part of the property or annexe, i.e. basement flat etc and properties which have been built on a previously contaminated land are acceptable provided the result of an environmental search determines the land to be clear of contamination.

Difficult to mortgage property variants include eco houses and modern methods of construction, properties with single skin brickwork where the single skin comprises more than 20% of the surface area of the external walls, studio flats located within the M25, privately developed flats in blocks of two storeys without a lift and flats above or adjacent to commercial premises.

Hard to finance home types include properties currently undergoing substantial alterations, extensions or repairs, properties where the ownership is set up on a tenancy in common basis, right to buy – properties in England, Wales and Northern Ireland, commonhold properties and properties owned under any form of shared equity scheme.

Teachers Building Society Equity Release percentages of your current property value

50% home reversion schemes AA equity release
30% loan to value lump sum lifetime mortgages Penrith
50% loan to value monthly payment life time mortgage Key Retirement

Aviva Lifetime Mortgages
More 2 Life Tailored Choice Plan
Hodge Lifetime Flexible Drawdown Plan
Stonehaven Equity Release Plan
Nationwide Equity Release Plans
HSBC Equity Release Plans
More to Life Capital Choice Plus Plan
Saga Equity Release Plans
Aviva Equity Release
Bridgewater Lifetime Mortgage
More to life Capital Choice Plus Plan
Hodge Equity Release Schemes
L&G Legal & General Flexible Max Scheme
Pure Retirement Classic Drawdown Lite Plan
Lloyds Bank Equity Release
Bridgewater Equity Release
Hodge Lifetime Flexible Drawdown Plan
L&G Legal & General Flexible Max Scheme
Liverpool Victoria LV= Lump Sum Plus Lifetime Mortgage
More to Life Flexi Choice Drawdown Lite Plan
Lloyds Bank Equity Release
TSB Equity Release Plans
Royal Bank of Scotland Equity Release Plans
Saga home reversion schemes

UK Equity Release Scheme Providers

Lifetime Mortgage from L&G
Bridgewater
Age Concern

Equity Release LTV -Teachers Building Society Equity Release

The more elderly you are and the unhealthier you are the more tax-free cash you can release.

Common loan to value percentages of Aviva interest only mortgages for over 70s, Shepherds Friendly over 60 mortgages, Churchill interest only mortgages for over 65 year olds, Skipton Building Society later life interest only mortgages over 70, Nottingham Building Society mortgages for over 50 year olds and Progressive Building Society mortgages over 70s are 40%, 55% and 65%.

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

Manufacture of beer Rotherham
Demolition Dover
Wholesale of textiles West Ham
Manufacture of lime and plaster South Brent
Reproduction of computer media Ripley

Popular LTV percentages of LVE later life interest only mortgages over 70, More 2 Life mortgages for over 65, OneFamily lifetime mortgages for people over 55, Yorkshire Bank retirement interest only mortgages over 60, Royal London retirement interest only mortgages over 60 and SunLife later life interest only mortgages over 75 are 35%, 60% and 70%.

Some of the most common loan to value percentage ratios of Lloyds Bank pensioner mortgages over 70s, Barclays over 60 mortgages, Post Office later life mortgages for over 70s, Legal & General over 60 lifetime mortgages no fees, Royal Bank of Scotland retirement mortgages over 60 and Nationwide BS equity release schemes for people over 70 are 40%, 60% and 70%.

Many of the most appealing retirement mortgage products are Lloyds interest only mortgages for people over 70, HSBC mortgages for pensioners, Halifax mortgages for 60 plus, Legal and General equity release schemes and Nationwide Building Society lifetime mortgages.

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