Find out the best options for Equity Release under 55.
- UK Home Equity Release Under 55 at 2.17% APRC
- No brokers fees
- No lenders fees
- A small valuation fee of £229 can be added to the amount borrowed
- New lender from 1st July 2021
- Lender not featured on the comparison sites
- No redemption penalties/early repayment charges
How much can I release?
You can release 70% of your property’s value. For example, if your home is valued at £350,000 you can get £245,000.
Equity Release is usually for people over 55 but you can get it under 55. Release equity in house under 55 is very popular because of the number of TV ads for equity release. If you want to release equity in house under 55 you could consider selling your home and buying a smaller house or a flat.
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.
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. I got legal advice from my own solicitor.
Sandra from Manchester
I got an 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.
Mrs Shaw from Lancaster
I had an interest-only mortgage with Birmingham Midshires. The mortgage had come to the end of its term and they wanted the £127000 back I still owed them. My lifetime mortgage saved me from losing my home and the rate was close to what I paid before.
Mrs Daly from Glasgow
My daughter lives in the states and does not have health insurance. My £30,000 lifetime mortgage paid the medical bills for her son to be born and a years rent in advance for a new flat for the baby.
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.
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 an equity release to pay off my mortgage.
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.
Concise Finance can look at your circumstances and work out how to release some money from your home using some products not available on the comparison engines for equity release under 55.
Equity release mortgage under 55
If you want to borrow money against your home and you are under 55 years old it’s likely your best option is a secured loan or a remortgage. If you want to release equity in house under 55 you are likely to need provable income.
Outside the UK
Release equity in house under 55
Mortgages, remortgages, and secured loans are available for flats, not just conventional houses. There is a massive demand for equity release under 55 as some people think you can get it without a monthly payment.
UK based lenders for UK property titles
- Natwest Lifetime Mortgage Over 55
- Santander Lifetime Mortgage Home Reversion Plan
- Lloyds Lifetime Mortgage Calculator
- Santander Retirement Mortgage Interest Rates
- Nationwide Equity Release Plans
High Loan to Value equity release under 55
- Lloyds Bank Lifetime Mortgage Maximum Ltv
- Halifax Retirement Mortgage Uk
- Halifax Equity Release From Property
- Lloyds Retirement Mortgage Calculator
- Natwest Equity Release Plans
Some of the lowest rates are from these lenders – equity release under 55
- Lloyds Bank Retirement Mortgages Broker
- Lloyds Bank Equity Release From Property
- Lloyds Equity Release From Property
Other lenders not for release equity in house under 55
Equity release under 55
Find out if you can access money tied up in your home with an equity release under 55 plan. You may need to accept liability for how you spend the extra money. This is a loan not like other home reversion providers. Sometimes the best deal is not on the comparison sites.
Some people use equity release to provide extra money for long term care, a new kitchen but there are many other options for homeowners aged 55.