Remove tax free equity from your house
Not necessary to make monthly payments
Use the money for a motorhome or new car
Are you still paying a mortgage? No problems
Continue to stay in your home for as long as you like

Loan to value for equity release?

You can release 70% of your home’s value. As an example, if your house is worth £180000 you can borrow £126000.

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How Much Would You Like Borrow/Release?*
Please enter a number from 4000 to 200000000.
Value of your property*
Please enter a number from 50000 to 10000000.
Total amount of mortgage/loans you have on your property

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Your Requirements
How Much Money Would You To Like Raise?*
Please enter a number from 4000 to 20000000.
Estimated Value Of Your Property?*
Total amount of mortgage/loans you have on your property
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Monmouthshire Building Society Over 55 Mortgage

Canada Life Lifetime Mortgages

LV Mortgages

Crown Drawdown Lifetime Mortgages

Equity Release UK Lenders

Legal and General
Prudential
More2Life

Downsides of Home Reversion Schemes

Lifetime mortgage with flexible drawdown cash release can reduce the value of your estate. Home reversion schemes may impact entitlements to benefits. You may need to pay a valuation fee and you could be exposed to changes in interest rates with some products.

Tough to mortgage home variants can include properties will be assessed for flood risk, properties without a kitchen or bathroom, property is uninhabitable, corrugated iron construction and properties that has never been registered with the land registry.

Towns where retirement mortgages are popular

Fordingbridge
Hastings
Scunthorpe
Colyton
Haslingden
Stowmarket
Lewes
Teignmouth
Skelmersdale
Woking
Saxmundham
Mansfield
Woodley
Greater Willington
Seaham
Castleford
Penwortham
Bromborough
Filton

Equity Release LTV Percentages

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

Tough to mortgage home variants can include properties built or converted into dwellings within the last 10 years, properties with flying or creeping freehold which comprises 15% or less of the total floor area, grades l and ll* Listed Buildings in England & Wales (Grades A and B in Scotland; A, B+ and B1 in Northern Ireland), properties that have solar farms or a large number of wind turbines on the land and properties in coastal areas that may be affected by erosion.

Difficult to finance property types can include Timber-framed properties constructed post-1965, properties with single skin brickwork where the single skin comprises more than 20% of the surface area of the external walls, properties with minimum floor area of 30 square metres, privately developed flats in blocks of two storeys without a lift and basement or lower ground floor flats without level access to private or communal garden space.

It is often found to find people seeking out home reversion schemes, lumpsum lifetime mortgages or interest-only lifetime mortgages, however, More2Life like The Exeter Equity Release are keen to see evidence of your personal situation in the form of pension statements.

The mortgage lender will want to know if the property is a Freehold terraced house or a Leasehold house and if the resident is an AST Tenant.

Difficult to mortgage home types can include properties in poor condition, properties where multiple third parties are living in an annexe, feuhold/freehold properties (including flats) in Scotland, crofted houses and properties owned under any form of shared equity scheme.

Business owners who could benefit from equity release estate planning

Manufacture of cement Cleckheaton
Retail sale of musical instruments and scores Silloth
Research and experimental development on biotechnology Sale
Manufacture of other builders’ carpentry and joinery Haslemere
Other retail sale of food in specialised stores Bushey
Wholesale trade of motor vehicle parts and accessories Shanklin
Research and experimental development on social sciences and humanities Denholme
Manufacture of ceramic sanitary fixtures Burslem
Other credit granting n e c Redhill
Publishing of newspapers Burgh-le-Marsh
Agents selling agricultural raw materials, livestock, textile raw materials and semi-finished goods Earl Shilton
Growing of beverage crops Stalham
Fund management activities Yarmouth
Manufacture of wooden containers Faversham
Licensed clubs Preesall
Management consultancy activities other than financial management Clare
Wholesale of fruit and vegetable juices, mineral water and soft drinks Whitchurch
Sale of other motor vehicles Cleethorpes

Some of the most common loan to value percentage ratios of Virgin Money remortgages for people over 50 years old, Direct Line mortgages for over 65, Churchill retirement interest only mortgages over 75, Principality Building Society mortgages for 60 year olds, Newcastle Building Society retirement mortgages over 60 and National Counties Building Society over 60 lifetime mortgages are 35%, 55% and 65%.

Common loan to value ratios of Liverpool Victoria interest only mortgages for over 60s, More 2 Life over 60 mortgages, One Family over 60 lifetime mortgages, Yorkshire Building Society equity release schemes for over 55’s, Metro Bank interest only mortgages for over 60s near London and Axa mortgages for 60 plus are 45%, 60% and 65%.

Equity Release percentages of your current property value

60% lump sum lifetime mortgages Royal London Equity Release
55% LTV lumpsum lifetime mortgages Key Retirement
30% loan to value (LTV) home reversion schemes Evolution Money
60% LTV home reversion schemes Together Money
30% loan to value (LTV) home reversion plans Vernon Building Society

Some of the most popular loan to value percentages of Lloyds later life borrowing schemes over 55, Barclays Bank retirement mortgages over 70, Post Office help to buy for over 60s, L&G later life borrowing schemes over 55, Bank of Scotland lifetime mortgages for over 55s and Nationwide interest only mortgages for people over 70 are 50%, 60% and 65%.

Bridgewater Equity Release Plans
Canada Life Lifestyle Gold Flexi
Just Retirement Drawdown Lifetime Mortgage
More2Life Flexi Choice Drawdown Lite Plan
Pure Retirement Lifetime Mortgage
Nationwide Equity Release Plans
TSB Lifetime Mortgage
NatWest Equity Release
Royal Bank of Scotland Equity Release Schemes
Aviva Equity Release
Pure Retirement Equity Release Plans
More 2 Life Flexi Choice Voluntary Payment Super Lite
Royal Bank of Scotland Interest Only Lifetime Mortgage
Aviva Lifetime Mortgage
Bridgewater Equity Release Plans
Canada Life Equity Release Schemes
L&G Legal & General Flexible Plus Lifetime Mortgage
Pure Retirement Equity Release Plans
Stonehaven Interest Select Plan
Nationwide Interest Only Lifetime Mortgage
More to Life Tailored Choice Plan
Royal Bank of Scotland Equity Release Plans

Some of the most popular retirement loan offerings include TSB mortgages over 65, Barclays pensioner mortgages, Post Office interest only mortgages for over 70s, L&G mortgages over 65 and Nationwide later life interest only mortgages.