
- Remove tax-free equity from your house with Equity release under 60
- Not necessary to make monthly payments
- Use the money for a motorhome or a new car
- Are you still paying a mortgage? No problems
- Continue to stay in your home for as long as you like
- 4.02%
Loan to value for equity release?
You can release 70% of your home’s value. For example, if your house is worth £180000, you can borrow £126000.




Canada Life Lifetime Mortgages
Crown Drawdown Lifetime Mortgages
Equity Release UK Lenders – equity release for pensioners
- Legal and General
- Prudential
- More to life
Downsides of Home Reversion Schemes VS equity release for pensioners
A lifetime mortgage with a 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 be exposed to changes in interest rates with some products.


Tough-to-mortgage home variants can include properties that will be assessed for flood risk, properties without a kitchen or bathroom, uninhabitable properties, corrugated iron construction and properties that have 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 ten 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 a 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.

People often seek out home reversion schemes, lumpsum lifetime mortgages, or interest-only lifetime mortgages; however, people who are more interested in life, like The Exeter Equity Release, are keen to see evidence of their personal situation in the form of pension statements.
The mortgage lender will want to know if the property is a Freehold terraced or 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 live 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 loans-to-value percentage ratios for Virgin Money remortgages for people over 50, Direct Line mortgages for those 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%.
- Monmouthshire Building Society Over 75 Mortgage
- Joint Ownership Mortgage Rates 2025
- Newbury Building Society Interest Only Lifetime Mortgage
- Bath Building Society Equity Release
- Progressive Building Society Over 70 Mortgage
- Best Equity Release Company
- Rbs Equity Release Interest Only
- Equity Release Calculator Under 55
- Marsden Building Society Over 55 Mortgage
- Gloucester Bank Interest Only Lifetime Mortgage Loan
- Mortgages For Over 65-Year-Olds
- Annexes or Two Kitchens Building Society Brampton
- West Bromwich Building Society Interest Only Lifetime Mortgage
- Lifetime Mortgage Property With Land
- Yorkshire Building Society Mortgage Rates 2025
- Voluntary Payments Equity Release House
- Hinckley & Rugby Building Society Over 70 Mortgage
- Just Retirement Equity Release Pensioner Mortgage Broker
- Natwest Equity Release From House
- Beverley Bs Equity Release Advice
- Tipton & Coseley Mortgage Comparison
- Vernon Building Society Over 55 Mortgage
- Harpenden Building Society Mortgage Rates 2025
- Mortgages For People Over 55
- Tenants In Common Lifetime Mortgage
- Essential Advice Lifetime Interest Only Mortgage Bad Credit
- Mortgages For Pensioners
- Short Leasehold Over 75 Mortgage
- Mortgage For Pensioners
- Age Partnership
- Skipton Building Society Mortgage Rates 2025
- Chorley Building Society Interest Rates
- Liverpool Victoria Equity Release Home
- Yorkshire Bank Equity Release Retirement
- Nationwide Retirement Mortgage Comparison
- Natwest Lifetime Mortgage Comparison
- Barclays Retirement Interest-Only Mortgage Reviews
- Home In A Flood Zone
- Just Retirement Interest Only Mortgage
- Creeping Freehold
- Buckinghamshire Building Society Equity Release Age
- National Counties Family Building Society Pensioner Mortgage Calculator
- Nationwide Lifetime Mortgage On Second Property
- YBS Lifetime Mortgage Over 55
- Natwest Retirement Mortgage Rates 2025
- Santander Over 70 Mortgage
- Stafford Railway Building Society Over 55 Mortgage
- Hanley Economic Building Society Over 75 Mortgage
- Darlington Building Society Bishop Auckland
- Semi Commercial Mortgages
- Cheshire Building Society Equity Release UK
The 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 those over 55, 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
- More to life 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 popular retirement loan offerings include TSB mortgages for those over 65, Barclays pensioner mortgages, Post Office interest-only mortgages for those over 70, L&G mortgages for those over 65 and Nationwide later life interest-only mortgages.
The equity release allows you to access the value created inside your home as a tax-free lump sum. It’s not a need to move out, and you’ll continue to own your home.
Nationalwide’s equity release lifetime mortgage The Nationwide Equity Release Lifetime Mortgage equity release product can be described as a lifetime mortgage. It will increase the value of your home in a tax-free lump sum.
The most well-known equity release deals are mortgage-based products, including loans secured against your home. In general, there are monthly repayments – the loan and the interest that accrues, is repaid through the sale of the property in case of your death or entering long-term care.
Are you unsure of which product you should purchase? Right to you? To release equity to your home from your home. This typically requires you to take out the home’s mortgage, a product form.
The most commonly used equity release deals are mortgage-based products, loans secured against your home.
The mortgage is typically repaid after the final borrower goes into long-term care or dies. Lifetime mortgages are among the most sought-after types of equity release products accessible for homeowners years or older.
These Lifetime mortgages offer PS1,000 cashback upon the first completion, which you could use to pay the legal costs. The Nationwide Equity Release Lifetime Mortgage is our equity release product.
According to the trade body Equity Release Council, the minimum age to join is typically 55. The typical age of a brand-new customer is between 68 and 70.
Home plan of reversion plan. You can raise money through the sale of all or part of your home and then live there till the time you die or move into permanent residential care.
The adviser may tailor the plan by including downsizing protection for your peace of mind. This means that should you choose to move home in the future to a property that doesn’t satisfy the lending criteria, you can pay back any amount under your plan without any early repayment charges. Reduced protection is only applicable after five years of having the plan out.
If you release equity from your home If you do not, you may not be able to rely on your property to pay for money that you need later on in your retirement.
Numerous equity release products offer borrowers the opportunity to raise funds for interest repayments if they would like. If the same 70-year-old opts to take a lump sum, they could choose to pay 50 percent of the interest every month, so the monthly payment would be PS85.
Contact one of your advisers for advice and how much you could release.
Incorporating an equity release mortgage This means that you can achieve this without having to take a dip in the pension and/or move home and also without using other finances.
Comparing different equity release options can help you get the best possible value for your home. Since different lenders offer different proportions of a home’s value, it can help you maximize its value.
Through our Lifetime mortgage, we can offer you the interest rate. The contract is in place for life It is not renewable, so you are only able to make monthly payments if you wish to. If you do not take care to keep in mind, your balance will likely grow throughout the term. Most of the time the loan is paid back when the final borrower is placed in long term care or dies or when your home is transferred to a buyer.
Supporting you and your loved ones on your way to the property ladder is becoming more affordable and easier, but there are disadvantages and costs.
Learn the much money you could release across all the available equity release plans.
The loan amount and any accrued interest and any accrued interest are repaid through the sale of the property at the time that the previous borrower dies or the borrower is able to move into long-term care.
Borrowers who discover that they are able to pay back their loan in time could face the possibility of ” early repayment charges”. They can occur when part or the total amount is paid in advance of the date specified in the contract.
Always seek advice from a professional equity release adviser before obtaining an equity release.
The most well-known reason our members provide reasons to release equity is clearing debts. Helping someone’s loved one purchase their very first property and financing home improvements. Make a big purchase, like buying a brand new car or a new house, and then take an unforgettable trip for a lifetime.
Equity release mortgages allow you to access the equity in your home through tax-free lump sum payments or payments.
Based on that number, the industry says that house price increases over the last year might have offset any impact on compound interest for some equity release customers.
The loan and interest are repaid in most cases by your sale or sale of the home in the event of your death or need to enter long-term care by these terms and conditions. Do you get your money all in one go? Do we offer two-lifetime mortgage products, so you can opt to receive one-time payments or a lump sum? Lump sum payment. You can also take a lesser lump sum and set up or create a cash reserve to draw from at any time you’d like.
For those over 50, There is a range of later-life lending options. The most popular is the lifetime mortgage, which has a start age of 55. RIOs, retirement mortgages, and home reversion plans also offer alternative ways and strategies to help release equity from your home.
With the help of a home reversion plan, the reversion company, the owner of the home owns all or a fraction of the property you call your home. If you decide to take the lump sum or extra cash to increase your income, it could reduce your entitlement to means-tested benefits either now or shortly.
The release of equity could impact the inheritance you leave behind, as well as any state benefits or local authority grants you. When deciding whether to take out a loan, it’s best to talk to your family and friends about the trustworthiness of your loan. They may offer support or other ways to get the money they need.
The option is to take a lump sum. Depending on how you need the money, it can be received in a one-off cash lump sum or as a series of cash sums, depending on when and how you need it. Or as a series of smaller cash sums at any time. The option to use lump sums in the future isn’t guaranteed or guaranteed. It will be contingent on whether or not you’re still able to take out more money. There’s also an option to pay interest at a time.
Retirement Interest-Only mortgage This is comparable to the standard interest-only mortgage, meaning your payments could be less than those of the typical repayment mortgage. Contrary to traditional interest-only mortgages, fixed-rate mortgages, this one doesn’t have a set date to pay the balance.
The mortgage is typically paid out of your sale of the home after you sell it. Die or move Permanently in permanent residential care—reversion to the home plan. You can raise money through the sale of all or part of your home and then live there until you die or move into permanent residential care.
Make sure you are granted the right to move to a different property, dependent on the proposed property meeting the requirements of your product provider as a permanent security for your equity release loan (Equity Release Council standard).
Equity release is a way to increase the value of your property and your home’s value and convert it to cash. This can be done to unlock the value of your home and turn it into cash. Several policies allow you to access or release your equity (cash) locked up in your home when you’re over 55. Paying off your mortgage is unnecessary to be eligible for this.
This means that you or the estate will never owe more than what the property is worth when transferred, regardless of the price plunge.
It would help if you got equity release advice before releasing the tax-free cash at your home before releasing tax-free cash from your residence – be sure to read all the information.
According to government data, house prices have risen more than 7 per cent since the beginning of this year. Based on this figure, the industry asserts that the increase over the last year could have evened out the impact of compound interest on some equity release customers.
They can offer support or other ways to find the money you need. Options include using any available savings, changing to a lower-cost home (downsizing), and receiving help from family members’ state benefits—if you’re eligible for a local authority grant or an individual loan or credit card.
Always talk to an expert equity release adviser and ensure that both the adviser and the equity release provider, The FCA, have approved the plans. FCA. If something is wrong with your plan, contact your provider first. They will follow a procedure for complaints to follow. If you’re unhappy with the answer, contact the Financial Ombudsman Service to see whether they can help.
It is essential to understand that a lifetime mortgage differs from a standard mortgage. If you’re seeking this, check out the Cheap mortgage search guide with tips.
Home Reversion plans are for people who are 60 or more. Here, a provider gives you a tax-free lump sum for a portion of your home for a lower amount than market value. You are then able to remain on its property (rent-free) up to the time of your death. If it is sold, the proceeds are divided based on what percentage you own and the percentage the lender holds.
Your estate will not have to repay more than your home is worth if it is sold at the most reasonable price. Flexible repayment and withdrawal options Flexible repayment and withdrawal options lifetime mortgages give you the option to receive an all-in-one lump sum or a smaller cash sum along with the option of a cash reserve To draw money to draw. You’ll have to pay interest on the money you withdraw, and partial repayments are possible, according to your terms and conditions.
You can get it as an all-in cash lump sum or a series of smaller cash sums, depending on your need. Lump sums are an option. Future growth isn’t the case shortly. It will depend on whether you’re eligible to get more money. You can also pay the interest on instalments as you go.
It’s crucial to consider the features you’d prefer your adviser to add to your equity release plan. If, for example, you’d like our low interest rate available or to release the most tax-free funds we can offer you from the comfort of your home or other property, you may talk about this to your Equity Release adviser.
A lifetime mortgage will reduce an inheritance and could also reduce the amount of inheritance. It will also affect your entitlement to means-tested benefits. You can remain in your personal home and will never owe more than the price you get (subject to terms and conditions). If you offer the money to someone else, they might be required to pay inheritance tax later on. There are cheaper ways to take out money.
You will then be assessed interest on this higher amount the following year, which means that the amount you owe can mount quickly. It is possible to increase the amount of your mortgage. Deals can be found in those offering the feature known as drawdown, where money is put aside to draw upon at any time. There is no reason everyone needs the luxury of a large lump sum at the outset in drawdown mortgages, you can take advantage of the fact that with drawdown lifetime mortgage you only pay interest upon the money you have to pay.
The new property must comply with the lending criteria requirements at the time of application. At the time of application. Protection is protection in case you wish to move home, and the new property does not meet the requirements lending criteria. If you want to, you can repay your lifetime mortgage with no early repayment cost. To be eligible for downsizing protection, you must be a member of your plan for three years or more.
Nationwide Building Society is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 106078. You can verify our registration on FCA’s website (it opens on an entirely new page). Nationwide is not responsible for the content of external websites.
All providers that offer equity release products must give you advice to ensure that equity release is right for you and that the products they recommend are suitable to your needs and circumstances. Equity release advisers need to be qualified. We’ve joined forces with Responsible Equity Release to offer lifetime mortgages approved by the Equity Release Council.
There are usually no monthly repayments. The loan and the interest that accrues are paid back through the sale of the property in case of your death or entering long-term care. They are also known by the term “lifetime mortgages.” The loan can be in a single lump sum or smaller sum.
Incorporating an equity release mortgage allows you to do it without the need to draw from the pension, move home, or use other finances. Options for releasing equity: Releasing equity can impact the inheritance you give away and any state benefits or local authorities you are granted.
If equity release is the right option, they’ll recommend the type that best suits the requirements. Advantages: You could receive a tax-free lump sum and/or smaller, regular payments to boost your income and continue to reside in your home until you die or move into permanent care in residential care.
Join us to attend one of our mortgage events for people over 55. Contact us to learn more about how you can apply. Find out if our lifetime and retirement mortgages suit you and how much equity you could get. Release from your home, get in touch.
In general, you can take the money you release in one lump sum in smaller amounts over time (known as drawdown) or in combination with both.
If you’re paying the down payment for your family member’s new home or helping pay for your grandchild’s tuition fees, or simply giving yourself a taste of the little pleasures in life, it’s possible to take the money according to the way that is most suitable for you.
Participants in Equity Release Council members Equity Release Council have to include a “no negative equity guarantee” feature on their products. This means that you or your estate will never owe more than what the property is worth more than the property’s value when the property is being sold, even if property prices fall. Avoid falling into the equity release trap. Read more about the downsides. Although equity release has become more popular and widespread, lifetime mortgages can be complicated and have disadvantages.
The amount of equity you can release depends on age, property value and property type. To qualify to get a lifetime mortgage, you’ll need to: 1.) be aged 55 at least 55 years old (for joint applicants, all applicants must be at least 55 years old (for joint applications, all applicants must be). 2.) Are you the owner of or have a home in or outside of the UK (excluding islands like the Isle of Man and the Channel Islands) worth PS75,000 or more. 3.) You want to borrow a minimum of 15,000 PS. 4.) You will be living at your home.
Talk to an adviser to find out how much You could release.
Get in touch to determine if Lifetime or retirement mortgages can suit you and determine how much equity you are considering releasing from your home. We will schedule an appointment for you to meet with one of our expert mortgage advisers.
To qualify for a home reversion plan, you (or both of you if you’re taking out the plan together) must be 65. You have to own property within the UK that is your primary residence. The property must be kept in good condition and over a specific value. There may be restrictions regarding what type of property can be accepted.
We evaluate the age and property value against our loan-to-value table to determine this amount. This lets us determine the percentage of the home’s value available to you. You can talk with someone about the best way to do this; please contact us. Check out our Contact Us page to see how much you could release.
To calculate this amount, we compare the age and value of your property to our loan-to-value table. This lets us determine the percentage of your home’s value available to you. You can talk with someone about the best way to do this; please contact us. To see how much you could release, visit our contact page.
Achieving equity release mortgages equity release mortgage means being able to do so without having to tap into pension funds, pension or move home It is also not a way to use any of your existing finances. Options for releasing equity: Releasing equity can impact the inheritance you left behind and any state benefits or local authority grants you get. Before deciding whether to take out a loan, talking with the people you trust, such as family and friends, is an excellent idea.
Lenders with the ERC TrustMark (seen on the right) must adhere to specific rules and guidelines, like the “no negative equity’ guarantee, which implies that your estate will never owe more than the amount you owe. home is worth it. If you’re considering the possibility of a lifetime mortgage or home reversion plan, be sure to get it by an ERC-approved lender. There is a way to search for lenders that carry ERC TrustMarks. ERC TrustMark is available through the Equity Release Council website.
In general, you can take the money you release in one lump sum, in smaller amounts over time (known in the field of drawdown) over time, in the form of overtime (also known as drawdown), or as a combination over time (drawdown), or as a combination of both.
It is also important to note that you must release the funds at a minimum of PS10,000. When you are thinking about the funds you’re planning to release, It is crucial to remember that the maximum you can get will depend on the age of the newest homeowner and the homeowner’s health and lifestyle, as well as that of the home’s value. Additionally, you’ll need minimum funds. Minimum property value of around PS70,000. The older you, or perhaps your partner, are older, the more money you can take out.
Today, however, most lifetime mortgages allow you to allow repayments, which could be a repayment for the capital or interest. That is, you’ll be able to lower the total cost. Most often, there’s a cap for the amount you can overpay by typically 10% of the loan value every year. A lifetime mortgage is different from a standard mortgage.
Is releasing equity the right option? What is the best choice for you? Which is the best option for you? Equity release is the right option depending on your circumstances, like how old you are, your age, your income, and what much money you’d like to release to fund your plans shortly.
What’s equity release? Equity release lets you access the value created within your home as a tax-free lump sum. You don’t need to move out of your home, and you’ll be the homeowner. When you have an equity release, you don’t have to make monthly payments unless you want to. It’s typically repaid after the last borrower goes into long-term care or dies. Lifetime mortgages tend to be the largest and most well-known type of equity release…
You may be eligible for an income tax-free lump sum and more diminutive, regular payments to boost your income and continue to reside within the same home till you die or move into permanent care in residential care. You could continue to reap the benefits of any rise in your tax bill—the value of your property. You can move to another suitable property later on because the equity release can be transferred. It will be contingent on the new home complying with the property appropriateness criteria that are in place at the time of your move. If you take out a lifetime mortgage, you can reside in and maintain ownership of that home…
This type of equity release we offer is a lifetime mortgage. It’s a longer-term loan based on your home’s value. The amount is paid back, typically through your sale or transfer of the house and is repaid when you (and your partner for jointly lifetime mortgages) die or need to be placed in long-term care following the terms and conditions.
Claim benefits: If you’re considering getting a lifetime mortgage, you must know how this may limit your ability to claim benefits. These are means-tested benefits, and they include support for long-term care.
The most flexible deals offer the feature of drawdown, where money is put aside to draw upon whenever you need to. Everyone does not need to pay a considerable lump sum at the outset, especially with a drawdown. Drawdown lifetime mortgage: You only pay interest on your released money. The typical lump sum released is £113,000, while for the drawdown customer, it’s an initial amount of around £85,000 and an additional £34,000 in reserve, according to Equity Release Council data.
If something happens to be wrong with your plan, Contact your provider first. The provider will have a complaint procedure to follow. You may contact them if you’re unhappy with the service or service—Financial Ombudsman Service to determine if they could help.
Two times as many products are available on the market as two years ago, and competition has driven rates down. The very lowest interest rates are close to 2.5% and are now around 2.5 %. However, the costs could be significant; some critics say it’s a high-risk move.
Home Reversion Plan. You can raise money through the sale of all or part portion of your home while living there until you die or move into permanent residential care. Who is eligible for equity release? You have to meet a few conditions before getting an equity release.
Equity release under 60
Home Reversion plans for those who are 60 or older. A provider gives you an untaxed lump sum for a portion of your home at less than market value. You can then reside within your property (rent-free) for the duration of your death. If it is sold, the proceeds are divided according to what percentage you own and also the rate that the lender has.
When you are deciding whether to get the equity release product, ask your adviser to tell you what fees they charge and what fees are and what type of equity release products They may offer the other fees you’ll need to shell out (e.g. the legal costs, valuation, set up costs).
Find a financial adviser by using Financial Advice Services’ retirement adviser directory Equity Release Council, the Personal Finance Society.
The amount given is an indication and isn’t warranted. To determine this amount, you must look at the information about your age and property value in our loan value table. This lets us determine the percentage of your home’s value. You can access it. If you’d like to talk with someone to discuss how much you could release, visit our contact page.
As with investing, past performance isn’t a guarantee of future results. There is always the risk that property prices will fall, which could change how the equity release maths completely. Equity Equity Release Council members must have the “no negative equity guarantee” feature on their products. This means that you and the estate will never owe more than what the property is worth when sold. The property will be sold regardless of the dropping property prices.
Contact us to determine whether you’re eligible for a lifetime mortgage or to book an appointment. An agent offering financial advice will handle your call. The company has been chosen to provide information and guidance regarding Aviva’s lifetime mortgages. The company is authorised and regulated by the Financial Conduct Authority.
This means that your beneficiaries will receive less when you let the property. Claim benefits If you’re considering applying for a lifetime mortgage, it’s essential to be aware that this may impact your eligibility for means-tested benefits, including support for long-term care.
The equity release product can be described as a Lifetime mortgage. It will help you unlock your home’s value in a non-tax lump sum. Through our lifetime mortgage, The interest rate is fixed for life, and you pay it back in one payment. Make monthly payments when you wish to. If you do not keep that in mind, your balance will rise throughout the term. The loan is usually paid back when the final borrower goes into long-term care or dies, or your home is transferred to a sale. The remaining money will be given to people you name within your will.
Last updated: January 24, 2025 at 8:10 pm
Updated: 15 day(s) ago
Today's date: February 9, 2025
Remaining days in the month: 19 day(s)
Property Metric | Value |
---|---|
Equity Release Over 55 | 4.38% |
Retirement Interest Only Mortgage (RIO) Income Required | 4.2% |
Interest Only Lifetime Mortgages | 4.3% |
Standard UK Residential Mortgage 2 Year Fixed | 4.11% |
Standard UK Residential Mortgage 5 Year Fixed | 3.98% |
Adverse Credit UK Residential Mortgage 2 Year Fixed | 4.83% |
Adverse Credit UK Residential Mortgage 5 Year Fixed | 4.69% |
Homeowner Loans | 6.33% |
Bad Credit Secured Loans | 9.44% |
Prime Car Finance | 4.35% |
Bad Credit Car Finance | 7.36% |
Average Number of Days for a House Sale to Complete | 78 |
Average UK House Price | £290700 |
Average UK House Price Per Square Foot | £264.27 |