- Remove tax-free money from your property with Vernon Building Society Equity Release at 5.14%
- No monthly repayments with Equity release from Vernon Building Society
- Use the cash for anything you like
- Still have a few more mortgage payments to make? No problems
- Continue to stay in your house for as long as you like
How much money can I get?
You can borrow 65% of your property’s valuation. For example, if your home is worth £320,000, you can get £208,000.
Customer Testimonials
William from London
My lawyer told me my inheritance tax bill would be around £250,000. I got a lifetime mortgage to give my son and daughter money to buy bigger homes, and we bought a house in the south of France for us all to use as a holiday home.
Sandra from Manchester
I got an equity release to give my daughter money to buy a house. Without the money I borrowed, her buying a home would have been impossible.
Ms G from Dover
I divorced my husband, who was a violent alcoholic. I feared losing my home as I sometimes looked after my daughter’s children. Equity release enabled me to pay off my ex and stay secure in my house.
Mrs V from Hastings
I had spent my life running up credit card debt and loans, then getting interest-only mortgages to pay it off. I reached retirement age and still owed the bank £160,000. The term was about to expire, and I could not afford the payments on my pension anyway. I got £180,000 equity release, and now I am more comfortable with no monthly repayments. I spent £20,000 on a new bathroom and kitchen. I now know I can stay at home.
Mr Smith from Kendal
My financial advisor told me I should get equity release and gift money to my five children now as it would save a massive amount of inheritance tax.
Mrs G from Leeds
My daughter is a single mother, and I got a £120,000 lifetime mortgage to buy her a flat outright as she has had a succession of poorly maintained rental flats not suitable for her child.
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’s birth and a year’s rent in advance for a new flat for the baby.
Some of the most common pensioner finance products include Lloyds mortgages over 65, remortgages for people over 50 years old, Post Office mortgages for people over 50, Legal and General later life mortgages and Nationwide BS later life interest only mortgages.
Does Vernon Building Society do Lifetime Mortgages?
Yes, Vernon Building Society does lifetime mortgages at 1.88% MER. Vernon Building Society Lifetime Mortgages can have a loan to value (ltv) of 70%.
Does Vernon Building Society offer Equity Release Under 55?
Yes, Vernon Building Society Equity Release Under 55 is 2.01% APR.
The typical loan-to-value ratios for Lloyds Bank remortgages for people over 50, over 60 lifetime mortgages, Halifax RIO mortgages over 75, L&G pensioner mortgages over 55, Royal Bank of Scotland lifetime mortgages for people over 55, and Nationwide interest-only lifetime mortgages for people over 60 are 45%, 60%, and 65%.
It’s common to find individuals looking for lump-sum lifetime mortgages, lump-sum lifetime mortgages, or interest-only lifetime mortgages. However, More to Life, like Aegon, is keen to see proof of your circumstances through investment statements.
UK Lenders for Equity Release
- Key Retirement
- Bridgewater
- Aviva
The mortgage lender will want to know if the property is a Freehold terraced house or a Leasehold flat with a share of freehold and if the resident is an AST Tenant.
The typical LTV percentages of Liverpool Victoria later life mortgages for over-60s, More to Life interest-only lifetime mortgages for over 70s, One Family later life mortgages for over-60s, Yorkshire Bank retirement interest-only mortgages over 60, Principality Building Society mortgages for people 60 plus, and SunLife retirement mortgages over 70 are 45%, 60%, and 70%.
Some of the most popular LTV ratios of Aviva interest-only mortgages for over-60s near London, Direct Line equity release plans for people over 60, Leeds Building Society later life mortgages for over 70s, Principality Building Society retirement interest-only mortgages over 75, Newcastle Building Society interest-only mortgages for people over 70, and National Counties Building Society mortgages for people over 50 are 40%, 55%, and 70%.
Pitfalls of Home Reversion Schemes
A monthly-payment lifetime mortgage can reduce your estate value and may affect your entitlement to state benefits. You may need to pay a broker’s fee, and with some schemes, you could have higher rates.
Difficult-to-finance property variants include poorly maintained properties at the time of the valuation inspection, properties where multiple third parties are living in an annexe, right–to–buy properties in England, Wales, and Northern Ireland, commonhold properties, and properties with single-skin brickwork.
Hard-to-mortgage property types can include timber-framed properties built before 1920, timber-framed properties built between 1920 and 1965, studio flats within the M25, coach houses, i.e., freehold properties with garages beneath, and properties where the flat is accessed via a deck or balcony.
Tough-to-finance property titles can include flats of less than 30 square metres in any location, properties with a single annexe or other self-contained part of the property, properties without direct access to an adopted highway or which are accessed over an unmade road, properties using rooms, land or outbuildings for business purposes which are not personal to the borrower(s) or which extend to more than 50% of the property to be secured and properties that have a private water supply provided a contract is in place with an approved maintenance company for regular testing and maintenance.
- Bridgewater Equity Release
- Aviva Flexible Voluntary Repayment Plan
- Canada Life Voluntary Select Gold
- More to life Flexi Choice Drawdown Lite Plan
- L&G Legal & General Flexible Max Scheme
- More to Life Capital Choice Plan
- NatWest Equity Release Schemes
- Hodge Indexed Lifetime Mortgage
- More 2 Life Capital Choice Plan
- Pure Retirement Classic Voluntary Payment Super Lite
- Stonehaven Lifetime Mortgage
- Lloyds Bank Equity Release Plans
- TSB Lifetime Interest Only Mortgage
- NatWest Interest Only Lifetime Mortgage
- Age Partnership Equity Release Schemes
- Bridgewater Equity Release
- Hodge Lifetime Flexible Drawdown Plan
- Just retirement equity release lifetime mortgages
Challenging mortgage property titles can include properties that will be assessed for flood risk, properties with any structural defect, damp, dry, or wet rot, properties with boundary disputes, properties where planning applications have not been applied for correctly, corrugated-iron construction, and missing planning permission or building regulations approval.
How much is it expected to release from a home?
The older you are and the more illnesses you have, the more cash you can release.
- Contaminated Land Pensioner Mortgage Reviews
- Best Equity Release
- Bank Of Scotland Equity Release Reviews
- Aldermore Over 60 Mortgage
- Lifetime Mortgages Interest Only
- Cambridge Bs Lifetime Mortgages
- Rbs Lifetime Mortgage Interest Only
- Derbyshire Building Society Allenton
- West Bromwich Building Society Interest Only Lifetime Mortgage
- Natwest Equity Release Advice
- Equity Release Under 50
- Hodge Lifetime Over 75 Mortgage
- Barnsley Building Society Equity Release Calculator
- Marsden Building Society Over 75 Mortgage
- Age Partnership Broker
- Gloucester Building Society Pensioner Mortgage
- Buckinghamshire Building Society Equity Release Interest Rates
- Overhead Electric Cables To House
- Single Skin Brickwork Retirement Mortgage
- Liverpool Victoria Equity Release Broker
- Harpenden Building Society Over 60 Mortgage
- LV Equity Release Reviews Lease Mortgage Providers
- Tipton & Coseley Mortgage
- Dbs Darlington
- Equity Release On Studio Flat
- Lifetime Mortgage Arrangement Fee
- Mortgages For 60 Plus
- Monmouthshire Building Society Retirement Mortgage
- 55 Mortgage
- Manchester Building Society Over 65 Mortgage
- Just Retirement Equity Release Pensioner Mortgage Bad Credit
- Mortgages For Pensioners Nationwide
- Skipton Building Society Pensioner Mortgage
- Nationwide Equity Release Best Deals
- Leek United Retirement Mortgage
- Equity Release Belfast Calculator
- Saffron Building Society Equity Release
- YBS Lifetime Mortgage Reviews
- Yorkshire Building Society Houses
- Hanley Economic Building Society Interest-Only Mortgage
- Chorley and District Building Society Mortgage
- Stafford Railway Building Society Interest Only Mortgage
- Loughborough Building Society Equity Release Interest Only
- Market Harborough Building Society Over 75 Mortgage
- Lv Equity Release Best Rates
- Lg Over 75 Mortgage
- BISF Equity Release Best Deals
- Best Mortgages For Over 50s Pensioner Mortgage
Areas in the UK where retirement mortgages are popular
- Charlbury
- South Woodham Ferrers
- Loftus
- Cleethorpes
- Leek
- Mere
- Askern
- Warwick
- Brampton
- Northampton
- Tipton
- Birchwood
- Redhill
- Partington
- Stamford
- Stevenage
- St Mawes
- Wigan
Does Vernon Building Society do Retirement Mortgages?
Yes, Vernon Building Society Retirement Mortgages are 5.14% APRC.
Does Vernon Building Society have favourable reviews for equity release?
Yes, Vernon Building Society reviews are superb for equity release.
Small business owners detail likely with equity to release
- Agents specialized in the sale of other particular products Chorleywood
- Growing of fibre crops Adlington
- Distilling, rectifying and blending of spirits Cricklade
- Manufacture of condiments and seasonings Hebden Royd
- Extraction of natural gas Loughborough
Does Vernon Building Society offer Pensioner Mortgages?
Yes, Vernon Building Society Pensioner Mortgages are 5.14% APR.
What percentage can be released?
- 50% lifetime mortgage with flexible drawdown cash release Maximum cover Equity Release
- 50% loan to value monthly payment lifetime mortgage Key Solutions
- 30% loan to value interest-only lifetime mortgages Evolution Money
- 60% loan to value monthly payment equity release Key Retirement
- 25% loan to value monthly payment equity release Equifinance
- 50% LTV monthly payment lifetime mortgage Precise
Does Vernon Building Society do Equity Release products?
Yes, Vernon Building Society Equity Release is 5.14% MER.
What are the current Vernon Building Society interest rates for equity release?
Vernon Building Society’s interest rate for equity release is 5.14% APR.
Does Vernon Building Society offer a retirement remortgage for retired homeowners over 60?
Yes, Vernon Building Society retirement remortgages for the over-60s are at 5.14% APRC variable.
Does Vernon Building Society do a pensioner remortgage for homeowners over 60?
Yes, Vernon Building Society pensioner remortgages for those over 60 are a 5.14% MER variable.
Does Vernon Building Society offer later-life remortgages for the over-60s?
Yes, a Vernon Building Society later life remortgage for retired homeowners over 60 is 5.14% AER fixed.
Does Vernon Building Society do the best remortgages for the over 60s?
Yes, a Vernon Building Society, the best remortgage for retired people over 60 is 5.14% MER fixed.
Does Vernon Building Society offer a remortgage option for retired homeowners aged 60 or over?
Vernon Building Society remortgaging options for over 60s are 5.14% AER fixed for life.
Does Vernon Building Society offer mortgage calculators for the over 60s?
Yes, a Vernon Building Society mortgage calculator for homeowners over 60 will show 5.14% MER fixed for life.
Does Vernon Building Society do RIO mortgages for over 60s?
Yes, a Vernon Building Society RIO mortgage for pensioners over 60 is 5.14% AER fixed for life.
Does Vernon Building Society offer a retirement interest only mortgage for retired homeowners over 60?
Yes, Vernon Building Society retirement interest-only mortgages for the over-60s are 5.14% MER fixed for life.