Equity release plans for properties with tenants in common

tenants-in-common

  • Release tax-free equity from your home
  • No monthly repayments
  • Use the money to buy another property
  • Still have a mortgage? No problems
  • Continue to stay in your home for as long as you like
  • Your Requirements

  • Please enter a number from 5000 to 20000000.
  • About You

  • Please enter a number from 25 to 90.
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West London Home
Money tied up in home
Cash tied up in home
Its very regular to find individuals searching for interest-only lifetime mortgages, lump sum life time mortgages or home reversion schemes, however, Key Retirement like The Exeter Equity Release are keen to see evidence of your personal circumstances in the form of investment statements.

Retired business owners that may be interested in Home Reversion Schemes

  • Activities of other membership organizations n e c Howden
  • Manufacture of cordage, rope, twine and netting Rawtenstall
  • Translation and interpretation activities Aylesbury
  • Taxi operation Winsford
  • Manufacture of other organic basic chemicals Pateley Bridge
  • Wholesale of textiles Lydd
  • Manufacture of macaroni, noodles, couscous and similar farinaceous products Stalham
  • Architectural activities Lydney
  • Growing of other perennial crops Cromer
  • Pre-press and pre-media services Arundel
  • Fitness facilities Pudsey
  • Repair of footwear and leather goods Stapleford
  • Recreational vehicle parks, trailer parks and camping grounds Weybridge
  • Activities of production holding companies Alfreton
  • Tea processing Selsey
  • Leasing of intellectual property and similar products, except copyright works Haxby
  • Manufacture of malt Loughborough
  • Wholesale of sugar and chocolate and sugar confectionery Spennymoor

 

The lender will want to know if the property is a Semi detached freehold house or a Leasehold house and if the resident is an AST Tenant.

  • Aviva Lifetime Mortgage
  • More 2 Life Flexi Choice Voluntary Payment Super Lite
  • Canada Life Second Home Voluntary Select Plan
  • More2Life Capital Choice Plan
  • Nationwide Interest Only Lifetime Mortgage
  • NatWest Equity Release
  • More2Life Tailored Choice Plan
  • Stonehaven Equity Release Scheme
  • HSBC Lifetime Mortgage
  • Saga home reversion schemes
  • Aviva Equity Release Schemes
  • Bridgewater Equity Release Schemes
  • Canada Life Lifestyle Gold Flexi
  • L&G Legal & General Flexible Plus Lifetime Mortgage
  • More to Life Flexi Choice Voluntary Payment Super Lite
  • TSB Equity Release
  • NatWest Equity Release Schemes
  • Royal Bank of Scotland Interest Only Lifetime Mortgage
  • Canada Life Equity Release Schemes
  • Liverpool Victoria LV= Lump Sum Plus Lifetime Mortgage
  • Lloyds Bank Lifetime Mortgage

 

Equity Release Loan To Value

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

Disadvantages of Lifetime Mortgages

Interest-only lifetime mortgages can reduce the value of your estate. Lump sum lifetime mortgages may impact ability to claim benefits. You may need to pay a broker’s fee and some products expose you to changes in interest rates.

Providers for Equity Release

  • Legal and General
  • Pure Retirement
  • Lifetime Mortgage from L&G
  • Maximum cover Equity Release

Skipton Building Society No Fees

Skipton Building Society Over 50 Mortgage

Areas where equity release is common

  • Fakenham
  • Budleigh Salterton
  • Goole
  • Chapel-en-le-Frith
  • Crawley
  • Ross-on-Wye
  • Royal Leamington Spa
  • Warwick
  • Crook
  • Gorleston-on-Sea
  • Thaxted
  • Modbury
  • Hornsea

 

What percentage can be released?

  • 60% monthly payment life time mortgage The Exeter Equity Release
  • 30% loan to value interest-only lifetime mortgages Clearly Loans
  • 50% loan to value (LTV) home reversion schemes Equifinance
  • 60% LTV lifetime mortgage with flexible drawdown cash release Just Retirement

Canada Life Home Finance lifetime mortgage for properties in Scotland

Hodge Lifetime lifetime mortgage

Just lifetime mortgage

Pure Retirement Ltd lifetime mortgage

Hodge Lifetime Retirement Mortgages

Legal and General Drawdown Lifetime Mortgages

  Commonhold• Freehold flats and maisonettes• Flying freeholds over 10% of total floor area

Freehold flats where the freehold is over the whole building and is subject to leases on other flats•High service charges on leaseholdproperties•Ground Rents more than £250 per annum and/or on an escalating basis

Freehold and leasehold houses and bungalows• Leasehold flats and maisonettes Flying freehold less than 10% of total floor area