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Is Tipton & Coseley Equity Release the right option for you?

Tipton & Coseley Building Society Equity Release

  • Remove tax-free money from your house
  • No need to make monthly payments
  • Use the money to buy another house
  • Continue to live in your own home
  • Often used to manage inheritance tax bills

How much cash can I get?

You can borrow 65% of your property’s value. As an example, if your house is worth £240000 you can get £156000.

  • Your Requirements

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

Recently completed mortgage, equity release and lifetime mortgage cases

RIO

Mrs M from Birmingham

With no brokers fees and no lenders fees, I got an interest-only retirement mortgage which I pay each month from my private pension. The money released went to my daughter for her wedding and deposit for her next house. She wanted a family, and her flat was too small.

RIO

Mrs E from London

My mortgage needed to be repaid to the existing lender. I thought I was going to lose my house. Thanks to Concise I got equity release to pay off my mortgage.

RIO

Mr Smith from Kendal

My financial advisor told me that I should get equity release and gift money to my 5 children now as it would save a massive amount of inheritance tax.

david-p-london

David P

With my power of attorney, I got equity release on my father’s house to pay for disability provisions including a lift and a new kitchen.

RIO

Sophie G from Aberdeen

The financial advisor I’ve had for 25 years said I could save inheritance tax by getting £350,000 of equity release. The money was lent at a very low-interest rate close to 2% and competitive with normal mortgages you would get by proving income. I have saved a lot of tax.

RIO

Sandra from Manchester

I got 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.

RIO

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.

mr-g

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.

RIO

Mr Williamson from Chiswick

My son is a chef in a care home. He is not well paid. No way his bank would lend him the money to buy a flat. My equity release enabled him to put a substantial deposit down so his mortgage was very small. My equity release interest rate was close to his interest rate offered by his bank.

RIO

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.

RIO

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.

RIO

Mrs G from Leeds

My daughter is a single mother, and I got a £120,000 lifetime mortgage to buy her a flat outright as she has had a succession of poorly maintained rental flats not suitable for her child.

  • Your Requirements

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

  • By clicking Submit and ticking the box above you agree to be contacted by an FCA authorised advisor that you have read and agreed to our Terms & Conditions and our Privacy Policy.

Wandsworth Family Home

Does The Tipton & Coseley Building Society offer Lifetime Mortgages?

Yes, The Tipton & Coseley Building Society does lifetime mortgages at 1.95% MER. The Tipton & Coseley Building Society Lifetime Mortgages can have a LTV of 60%.

Access home equity

Do The Tipton & Coseley Building Society do Equity Release Under 55?

Yes, The Tipton & Coseley Building Society Equity Release Under 55 is 1.91% MER.

Old money home

Do The Tipton & Coseley Building Society do Retirement Mortgages?

Yes, The Tipton & Coseley Building Society Retirement Mortgages are 1.86% APRC.

Money tied up in home

Does The Tipton & Coseley Building Society offer Pensioner Mortgages?

Yes, The Tipton & Coseley Building Society Pensioner Mortgages are 1.83% MER.

Money tied up in house

Do The Tipton & Coseley Building Society do Equity Release?

Yes, The Tipton & Coseley Building Society Equity Release is 1.84% MER.

Nationwide Lifetime Mortgage No Payments

What are The Tipton & Coseley Building Society interest rates for equity release?

The Tipton & Coseley Building Society rates for equity release are 1.92% APRC.

 

Areas where retirement mortgages are popular

  • Staveley
  • Painswick
  • Bootle
  • St Neots
  • Watchet
  • Gateshead
  • South Elmsall
  • Redcar
  • Fordingbridge
  • Southend-on-Sea
  • Charlbury
  • Stanley
  • Tenbury Wells
  • Syston

 

Tough to mortgage home titles can include rentcharges properties with a high estate rentcharge, properties with any kind of structural defect, damp, dry or wet rot, properties of non-standard construction, mundic homes and concrete frame.

  • Hodge Lifetime Mortgage Flexible Drawdown Plan
  • Royal Bank of Scotland Equity Release Plans
  • Aviva Equity Release
  • More2Life Flexi Choice Voluntary Payment Super Lite
  • Pure Retirement Equity Release Plans
  • Stonehaven Lifetime Mortgage
  • More 2 Life Capital Choice Plus Plan
  • Royal Bank of Scotland Lifetime Mortgage
  • L&G Legal & General Premier Flexible Lifetime Mortgage
  • Nationwide Equity Release Plans
  • Pure Retirement Lifetime Mortgage
  • HSBC Equity Release Plans
  • Lloyds Bank Equity Release Schemes
  • NatWest Interest Only Lifetime Mortgage
  • Age Partnership Equity Release

 

Challenging to mortgage property variants can include properties with land in addition to the domestic grounds up to a maximum property size of five acres, where the land is for normal domestic use, properties with room(s) or outbuilding(s) used for a small amount of personal commercial use, properties with more than one annexe or self-contained part of the property, properties with mobile phone masts which are not within influencing distance of the house and properties that have a private water supply provided a contract is in place with an approved maintenance company for regular testing and maintenance.

What percentage can be released?

The older you are and the sicker you are the more cash you can release.

Pitfalls of Lifetime Mortgages

Interest-only lifetime mortgages can reduce the inheritance for your family. Lifetime mortgage with flexible drawdown cash release may impact ability to claim benefits. You may need to pay an advisor’s 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 VitalityLife Equity Release
  • 60% LTV monthly payment equity release Sunlife Plans
  • 45% LTV interest-only lifetime mortgages Crown
  • 55% loan to value monthly payment life time mortgage Norton Finance
  • 30% loan to value monthly payment lifetime mortgage Penrith
  • 60% loan to value (LTV) monthly payment lifetime mortgage Precise
  • 30% loan to value monthly payment equity release Together

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

Hard to finance home variants can include timber framed properties built before 1920, properties with any external treatment applied to the roof after construction, studio flats located within the M25, privately developed flats in blocks of five storeys or more and flats above or adjacent to commercial premises.

Nationwide Lifetime Mortgage Drawdown Scheme

Difficult to mortgage home types include properties where proposed building works have not yet commenced, age restricted properties, leasehold properties (England, Wales, Northern Ireland) subject to a lease length of 160 years, crofted houses and properties with leased solar panels.

Does The Tipton & Coseley Building Society have excellent reviews for equity release?

Yes, The Tipton & Coseley Building Society reviews are splendid for equity release.

UK Equity Release Lenders

  • Legal and General
  • New Life
  • Lifetime Mortgage from L&G

 

Small business owners detail likely with equity to release

  • Manufacture of plastic plates, sheets, tubes and profiles Broadstairs and St Peters
  • Manufacture of wire products, chain and springs Whitworth
  • Manufacture of soft furnishings Crawley
  • manufacture of canvas goods, sacks, etc Holsworthy
  • Manufacture of plastics and rubber machinery Nuneaton
  • Building societies Hinckley
  • Freshwater aquaculture Kirkham
  • Post-secondary non-tertiary education Hendon
  • Manufacture of other technical ceramic products Bampton
  • Manufacture of bicycles and invalid carriages Ventnor
  • Ready-made interactive leisure and entertainment software development New Alresford
  • Repair of consumer electronics Penistone
  • Wholesale of waste and scrap Winslow
  • Repair of electronic and optical equipment Cromer
  • Residential care activities for learning difficulties, mental health and substance abuse Swanley
  • General public administration activities Blandford Forum
  • Publishing of computer games Brampton
  • Activities of political organizations Hythe

It is often found to encounter individuals seeking out monthly payment lifetime mortgage, monthly payment life time mortgage or lifetime mortgage with flexible drawdown cash release, however, Bower like VitalityLife Equity Release are keen to see paperwork to show your situation in the form of bank statements.

Some of the most popular loan to value ratiosof Virgin Money retirement interest only mortgages over 60, Zurich equity release schemes for over 55’s, Leeds Building Society interest only retirement mortgages for over 70s, Skipton Building Society lifetime mortgages for over 55s, Nottingham Building Society interest only mortgages for people over 70 and Cumberland Building Society pensioner mortgages over 60 are 45%, 60% and 65%.

More2Life Mortgages

LV

Popular loan to value percentages of LVE retirement mortgages over 70, More2Life interest only retirement mortgages for over 70s, OneFamily over 60 mortgages, Yorkshire Building Society equity release schemes for over 55’s, Royal London remortgages for people over 50 years old and SunLife interest only mortgages for people over 60 are 50%, 60% and 70%.

Just Drawdown Lifetime Mortgages

LV= lifetime mortgage

Common loan to values of Lloyds Bank retirement mortgages over 70, Barclays over 60 lifetime mortgages, Post Office over 60 lifetime mortgages, Legal and General mortgages for 60 plus pensioners, Royal Bank of Scotland interest only mortgages for over 70s and Nationwide Building Society mortgages for over 65 are 50%, 55% and 70%.

Hodge Lifetime lifetime mortgage

Legal & General Home Finance lifetime mortgage

Appealing retirement loan offerings are Lloyds Bank lifetime mortgages, Barclays retirement interest only mortgages, Post Office mortgages for people over 50, Legal and General mortgages over 65 and Nationwide over 60 mortgages.

More2Life - Tailored Choice Plan

Tipton & Coseley Building Society Product name: Retirement Interest-Only Mortgage Capital repayment or interest-only? Interest-only; fixed and variable-rate deals available. Minimum property value: £75,000 (£250,000 if you live around the M25). Minimum/Maximum loan sum: £50,000/£1m. Maximum LTV: 60%. Minimum/Maximum age at application: 55 Minimum, no max. Minimum income: none, though you’ll need to be able to prove you can afford the interest payments. Overpayments: up to ten per cent per year without early repayment charges. How is the loan repaid? When you die or move into care and the property is sold, or if you sell for a different reason.