The West Bromwich Building Society equity release rates and criteria

• Release tax-free cash from your home at 5.02% APR.
• You don’t need to make regular monthly payments with West Bromwich Building Society Equity Release.
• Use the equity released for anything you like
• Still have a few more mortgage payments to make? No problems
• Continue to live in your own home for as long as you like

Equity release loan to value?

You can borrow 60% of your home’s valuation. For example, if your house is worth £290,000, you can release £174,000.

Recently completed mortgage, equity release and lifetime mortgage cases

Sophie G from Aberdeen

The financial advisor I’ve had for 25 years said I could save inheritance tax by getting £350,000 of equity release. The money was lent at a very low interest rate, close to 2%, and competitive with regular mortgages you would get by providing income. I have saved a lot of tax.

Mrs E from London

My mortgage needed to be repaid to the existing lender, and I thought I would lose my house. Thanks to Concise, I got an equity release to pay off my mortgage.

Ms T from Hammersmith

My husband recently died, leaving me with a mortgage I could not afford to pay. The lifetime mortgage allowed me to pay off the mortgage and have enough money left over for a new bathroom, kitchen, and roof repair.

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.

Mr Williamson from Chiswick

My son is a chef in a care home. He is poorly paid, and his bank would not lend him the money to buy a flat. My equity release allowed him to put down a substantial deposit, so his mortgage was minimal. My equity release interest rate was close to the interest rate his bank offered.

Mrs Shaw from Lancaster

I had an interest-only mortgage with Birmingham Midshires. The mortgage had reached the end of its term, and they wanted the £127,000 I still owed them back. My lifetime mortgage saved me from losing my home, and the rate was close to what I paid before.

Mr Smith from Kendal

My financial advisor told me I should get an equity release and gift money to my five children now, as it would save a massive amount of inheritance tax.

Mrs M from Birmingham

With no broker or lender fees, I got an interest-only retirement mortgage, which I pay monthly from my private pension. The money released went to my daughter for her wedding and a deposit for her next house. She wanted a family, and her flat was too small.

Mrs L from Nottingham

For my lifetime mortgage, I had to pay a valuation fee and a solicitor’s fee, but no lender or broker fees. As I was divorcing my husband of 30 years, the money went to him for his share of the house. I am happy now as I am secure and do not need to move from home.

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.

Does The West Bromwich Building Society have positive reviews for equity release?

Yes, the West Bromwich Building Society reviews are splendid for equity release.

Many of the most appealing pensioner mortgage products include TSB over-60 lifetime mortgages, Barclays over-60 lifetime mortgages, NatWest retirement mortgages, Legal & General interest-only lifetime mortgages, and Nationwide Building Society mortgages for over 70s.

Some of the most popular loan-to-value ratios of Lloyds mortgages for people over 50, Barclays Bank pensioner mortgages over 55, Post Office retirement mortgages over 70, Legal & General retirement mortgages over 65, RBS interest-only retirement mortgages for over 70s, and Nationwide later life mortgages for over 70s are 50%, 60% and 65%.

The mortgage lender will want to know whether the property is a Freehold terraced house or a Leasehold flat with a share of freehold, and whether the resident is an Owner-Occupier.

Equity Release LTV Percentages – West Bromwich Building Society Equity Release

The older you are and the more serious your illnesses are, the more tax-free money you can release.

People often search for interest-only, lump-sum, or home reversion plans; however, Aviva, like Old Mutual Wealth, is keen to see paperwork, such as investment statements, showing their situation.

What are the current West Bromwich Building Society equity release rates?

The West Bromwich Building Society rates for equity release are 1.93% MER.

Some of the most popular loan-to-value ratios for LVE mortgages over 65, More to Life later life borrowing schemes over 55, One Family interest-only lifetime mortgages for over 60s, Yorkshire Bank later life mortgages for over 60s, Metro Bank mortgages for 60 plus pensioners, and Sun Life pensioner mortgages over 60 are 40%, 60%, and 70%.

Some of the most common loan to value ratios of Aviva interest only lifetime mortgages for over 60s, Shepherds Friendly interest only mortgages for people over 60, Leeds Building Society lifetime mortgages for over 60s, Principality Building Society lifetime mortgages for people over 55, Nottingham Building Society interest only mortgages for over 65 year olds and National Counties Building Society mortgages for people over 50 are 50%, 60% and 65%.

• Natwest Retirement Mortgage Interest Rates
• Tipton & Coseley Mortgage Calculator
• Equity Release in the home under 50
• Halifax Equity Release Scheme
• Bad Credit Mortgage Home

• Best Mortgages For Over 50s Retirement Mortgage UK
• Barclays Retirement Interest Only Mortgage Calculator
• Chorley and District Building Society property lifetime mortgages
• Nationwide Equity Release Drawdown

• Nationwide Lifetime Mortgage Reviews
• YBS Lifetime Mortgage Fixed Rate
• Natwest Lifetime Mortgage Comparison
• BISF Equity Release From the House
• Yorkshire Bank Equity Release
• Natwest Equity Release On Second Homes
• Nationwide
• nationwide mortgages for over 60s: Retirement Mortgages Rates 2025

Does the West Bromwich Building Society do Equity Release Plans?

Yes, The West Bromwich Building Society Equity Release is 5.02% APRC.

Difficult-to-mortgage property types include properties where proposed building works have not yet commenced, properties where multiple third parties are living in an annexe, right–to–buy properties in Scotland, crofted houses, and properties where the borrower(s) own the freehold with any connected party.

UK Lenders for Equity Release

• Just Retirement
• Stonehaven
• Age Concern

Difficult-to-finance property types can include complex roof structures, timber-framed properties built between 1920 and 1965, privately developed flats with a maximum of four storeys and a lift, privately developed flats in blocks of five storeys or more, and flats above or adjacent to commercial premises.

Equity Release percentages of your current property value

• 50% monthly payment lifetime mortgage Royal London Equity Release
• 35% LTV home reversion schemes More to Life
• 30% loan-to-value lump sum lifetime mortgages, Dudley Building Society
• 50% LTV home reversion plans Key Solutions
• 25% LTV monthly payment equity release Evolution Money

Does The West Bromwich Building Society offer Pensioner Mortgages?

Yes, the West Bromwich Building Society Pensioner Mortgages are 5.02% APRC.

Towns where retirement mortgages are common

• Warrington
• Carshalton
• Lydney
• Rawtenstall
• West Ham
• Brighouse
• Lowestoft
• Windermere
• Bury
• Bakewell
• Crediton
• Gillingham
• Potton
• Royston
• Burslem
• Oakengates
• Hartlepool

Tough-to-finance property variants include properties built or converted into dwellings within the last 10 years, properties with the room(s) or outbuilding(s) used for a small amount of personal commercial use, agricultural use of the land and any outbuildings, properties where there is a self-contained part of the property or annexe, i.e., basement flat, etc., and properties in coastal areas that may be affected by erosion.

Does The West Bromwich Building Society offer Retirement Mortgages?

Yes, The West Bromwich Building Society Retirement Mortgages are 5.02% APR.

• Bridgewater Equity Release Schemes
• Just Retirement Equity Release
• More to Life Flexi Choice Drawdown Lite Plan
• Nationwide Equity Release
• TSB Lifetime Mortgage
• NatWest Interest-Only Lifetime Mortgage
• Royal Bank of Scotland Equity Release
• Hodge Lifetime Mortgage Plus
• Stonehaven Equity Release
• Lloyds Bank Equity Release
• Age Partnership Equity Release Schemes
• L&G Legal & General Flexi Max Voluntary Repayment Plan
• Liverpool Victoria LV Equity Release Plans
• Pure Retirement Lifetime Mortgage
• Nationwide Equity Release Plans
• Royal Bank of Scotland Interest-Only Lifetime Mortgage
• Age Partnership Interest Only Lifetime Mortgage
• Canada Life Voluntary Select Gold
• Royal Bank of Scotland Equity Release

Disadvantages of Lifetime Mortgages

A monthly-payment lifetime mortgage can reduce your estate value and may affect your eligibility for state benefits. You may need to pay a solicitor’s fee, and with some schemes, you could have higher rates to pay.

Does the West Bromwich Building Society do Equity Release Under 55?

The West Bromwich Building Society Equity Release Under 55 is 5.02% APRC.

Tough-to-mortgage property variants include properties assessed as flood risk, leasehold homes with a short lease (typically less than 70 years), properties with a defective lease, properties with sitting tenants or regulated tenancies, thatched buildings, and properties that have never been registered with the land registry.

https://www.westbrom.co.uk/

Retired business owners who may be interested in lifetime mortgages

• Manufacture of rubber tyres and tubes; retreading and rebuilding of rubber tyres, Wood Green
• Manufacture of fluid power equipment from
• Wholesale of tobacco products, Yateley
• Investigation activities Stratford-upon-Avon
• Manufacture of metal structures and parts of structures in Leyland
• Motion picture, video and television programme post-production activities, Folkestone
• Manufacture of communication equipment other than the telegraph, and telephone apparatus and equipment, Maldon
• Other passenger land transport in Mansfield
• Agents involved in the sale of furniture, household goods, hardware and ironmongery in Porthleven
• Manufacture of bearings, gears, gearing and driving elements, Bakewell
• Manufacture of metal forming machinery at Dartmouth
• Banks Battle
• Retail sale of cosmetic and toilet articles in specialised stores in Hounslow
• Manufacture of railway locomotives and rolling stock Shepshed
• Manufacture of steel drums and similar containers Gainsborough
• Wholesale of hides, skins and leather in Arlesey
• Accounting and auditing activities in Edenbridge
• Manufacture of refractory products in Alfreton

Does The West Bromwich Building Society offer lifetime mortgages?

The West Bromwich Building Society does lifetime mortgages at 5.02% MER. The West Bromwich Building Society Lifetime Mortgages have a loan to value (ltv) of 65%.