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
5.02%

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.

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Please enter a value between £50,000 and £25,000,000
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- I’m interested in releasing equity
- I would like to mortgage my existing home
- I would like to remortgage my existing home
- I’m moving and need a mortgage for a new house
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Canada Life Lifetime Mortgages

LV 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 assessed as 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.

Monmouthshire Building Society Retirement Mortgage

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%.

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.

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