Sorting by

×

Top 10 mortgages for pensioners – over 55-year-olds in 2021

RIO

  • Release equity from your property
  • No need to make regular monthly payments
  • Use the money to buy another house
  • Continue to stay in your house

How much money can I release?

You can borrow 65% of your property’s valuation. As an example, if your home is valued at £180000 you can borrow £117000.

  • Your Requirements

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

Homeowner in their 60s
Access home equity
Southfields House

  • What are you looking for?

  • Please enter a number from 12000 to 20000000.
  • About Your Circumstances

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


  • 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.

Wealthy business owners who could benefit from equity release tax planning

  • Financial leasing Bradley Stoke
  • Manufacture of batteries and accumulators Hawkinge
  • Cold rolling of narrow strip Whitchurch
  • Extraction of peat Scarborough
  • Silviculture and other forestry activities Hartland
  • Manufacture of articles of fur Ripley
  • Agents involved in the sale of food, beverages and tobacco Wendover
  • Retail sale of tobacco products in specialised stores Winslow
  • Cargo handling for air transport activities Dronfield
  • Factoring Hatfield
  • Construction of utility projects for electricity and telecommunications Maidenhead
  • Media representation services Shoreham-by-Sea
  • Another retail sale not in stores, stalls or markets Stanhope
  • Growing of other non-perennial crops Dawley
  • Other cleaning services Bradninch
  • Take-away food shops and mobile food stands Penistone
  • Tea processing Thaxted
  • Liquid milk and cream production Southwick

Tough to finance home variants can include rentcharges properties with a high estate rentcharge, leasehold properties with a short lease, typically less than 70 years, or a defective lease, properties where there are boundary disputes or where planning applications have not been applied for correctly, corrugated iron construction and concrete frame.

What percentage can be released?

The older you are and the sicker you are, the more tax-free cash you can release.
Legal and General Mortgages

Does Earl Shilton Building Society have favourable reviews for equity release?

Yes, Earl Shilton Building Society reviews are commendable for equity release.

More2Life Mortgages

Tough to mortgage home variants can include properties with outbuildings used for normal domestic purposes (garage, workshop, stables, barn etc), properties converted from modern commercial premises, grades l and ll* Listed Buildings in England & Wales (Grades A and B in Scotland; A, B+ and B1 in Northern Ireland), properties with flying or creeping freeholds which comprise over 15% of the total floor area and properties that have a private water supply provided a contract is in place with an approved maintenance company for regular testing and maintenance.

Legal and General Mortgages

Difficult to finance property types can 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, steel frame/clad properties built before 1990, former local authority flats and basement or lower ground floor flats without level access to private or communal garden space.

What are Earl Shilton Building Society interest rates for equity release?

Earl Shilton Building Society rates for equity release are 2.24% APR.

Areas where retirement mortgages are common

  • Penrith
  • Swindon
  • Ashbourne
  • Royal Leamington Spa
  • Malvern
  • Hunstanton
  • Ferryhill
  • Ottery St Mary


Halifax Lifetime Mortgage Interest Only Rates

Hard to finance home types can include properties in poor condition, age restricted properties, leasehold properties (England, Wales, Northern Ireland) subject to a lease length of 160 years, properties which are made up of multiple titles and freehold flats (England, Wales, Northern Ireland).

  • Hodge Equity Release Schemes
  • TSB Equity Release
  • Royal Bank of Scotland Equity Release Plans
  • Saga home reversion plan
  • Aviva Equity Release
  • Just retirement equity release lifetime mortgages
  • L&G Legal & General Flexible Plus Lifetime Mortgage
  • NatWest Equity Release Plans
  • Saga Equity Release Schemes
  • Age Partnership Equity Release
  • Bridgewater Equity Release Schemes
  • Canada Life Equity Release
  • Stonehaven Equity Release Plan
  • Saga home reversion plan
  • Bridgewater Equity Release Plans
  • Liverpool Victoria LV Equity Release Schemes
  • NatWest Interest Only Lifetime Mortgage
  • More 2 Life Tailored Choice Plan
  • Age Partnership Equity Release Schemes

Do Earl Shilton Building Society do Pensioner Mortgages?

Yes, Earl Shilton Building Society Pensioner Mortgages are 2.18% MER.

Disadvantages of Lifetime Mortgages

Lumpsum lifetime mortgages can reduce the value of your estate. A monthly payment lifetime mortgage may impact entitlements to state benefits. You may need to pay an advisor’s fee, and you could be exposed to changes in interest rates with some products.

It is often found to discover people searching for home reversion plans, monthly payment lifetime mortgage or lifetime mortgage with flexible drawdown cash release, however, Sunlife Plans like Maximum cover Equity Release are keen to see paperwork to show your circumstances in the form of investment statements.

Popular loan to value percentages of Standard Chartered retirement mortgages over 65, Shepherds Friendly over 60 mortgages, Leeds Building Society later life borrowing schemes over 55, Principality Building Society interest only mortgages for over 65 year olds, Nottingham Building Society mortgages for 60 plus and Cumberland Building Society interest only mortgages for people over 70 are 45%, 60% and 70%.

Equity Release LTV Percentages

  • 50% monthly payment lifetime mortgage AA equity release
  • 40% loan to value (LTV) home reversion schemes Shawbrook
  • 25% loan to value lumpsum lifetime mortgages Accord Mortgages
  • 25% loan to value (LTV) lump sum lifetime mortgages United Trust Bank
  • 30% loan to value monthly payment equity release, Mansfield

Legal & General - Flexible Pink

Some of the most popular LTV percentages of Liverpool Victoria RIO mortgages over 75, More 2 Life interest only mortgages for people over 70, OneFamily mortgages for over 60s, YBS mortgages over 70s, Royal London remortgages for people over 50 years old and Sun Life interest only mortgages for over 60s near London are 45%, 60% and 70%.

Pure Retirement - Classic Super Lite

Does Earl Shilton Building Society offer Retirement Mortgages?

Yes, Earl Shilton Building Society Retirement Mortgages are 2.06% APR.

Canada LIfe - Interest Select Gold Flexi

Some of the most common loan to value percentage ratios of Lloyds interest only mortgages for over 70s, Barclays pensioner mortgages over 70s, Natwest retirement mortgages over 70, Legal & General interest only mortgages for people over 70, Royal Bank of Scotland mortgages for 60 plus pensioners and Nationwide interest only mortgages for over 65 year olds are 45%, 55% and 65%.

More2Life - Capital Choice Plus Plan

Lenders for UK Equity Release

  • Aviva
  • One Family
  • the Telegraph
  • More to Life
  • The Exeter Equity Release

Do Earl Shilton Building Society do Equity Release Under 55?

Yes, Earl Shilton Building Society Equity Release Under 55 is 1.8% APR.

Common pensioner finance products are Lloyds Bank interest only lifetime mortgages, HSBC interest only mortgages for over 60s, Natwest interest only lifetime mortgages, L&G later life borrowing schemes and Nationwide mortgages for people over 50.

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

Do Earl Shilton Building Society do Lifetime Mortgages?

Yes, Earl Shilton Building Society does lifetime mortgages at 2.11% APR. Earl Shilton Building Society Lifetime Mortgages can have a loan to value of 65%.