- Release money from your home
- Not necessary to make monthly payments
- Help your family to buy another home
- Are you still paying a mortgage? No problems
- Continue to stay in your home for as long as you like
Providers for Equity Release
- Lifetime Mortgage from L&G
- Bridgewater
- Legal and General
- Maximum cover Equity Release
- Aviva Lifetime Mortgages for Pensioners
- Hodge Indexed Lifetime Mortgage
- Saga Equity Release Schemes
- Liverpool Victoria LV Equity Release Plans
- HSBC Lifetime Mortgage
- Lloyds Bank Equity Release Schemes
- More 2 Life Flexi Choice Voluntary Payment Super Lite
- More2Life Flexi Choice Voluntary Payment Super Lite
- Just Retirement Equity Release
- L&G Legal & General Premier Flexible Lifetime Mortgage
- Liverpool Victoria LV Equity Release Schemes
- More to Life Flexi Choice Voluntary Payment Super Lite
- Royal Bank of Scotland Lifetime Mortgage
- More2Life Tailored Choice Plan
- More to Life Capital Choice Plus Plan
- Pure Retirement Equity Release
- Nationwide Equity Release Schemes
Examples of retired small business owners likely to have equity to release
- Manufacture of knitted and crocheted hosiery Haslingden
- Public order and safety activities Southwold
- Manufacture of breakfast cereals and cereals-based food Calne
- General medical practice activities Plympton
- Activities of financial services holding companies Wooler
- Other sports activities Bridgwater
- Physical well-being activities Dorchester
- Botanical and zoological gardens and nature reserves activities Wantage
- Retail sale via mail order houses or via Internet Northallerton
- Wholesale of other machinery and equipment Hedon
- Development of building projects Carterton
- Public houses and bars Broseley
- Activities of conference organisers Rotherham
- Credit granting by non-deposit taking finance houses and other specialist consumer credit grantors Clitheroe
- Residents property management Congleton
- Extraction of peat Bury St Edmunds
- Manufacture of glass fibres Shirebrook
- Take-away food shops and mobile food stands Reading
Disadvantages of Equity Release Plans
Lumpsum lifetime mortgages can reduce your estate value. Monthly payment lifetime mortgage may impact entitlements to state benefits. You may need to pay a solicitor’s fee and you could have higher rates to pay with some schemes.
Aviva
Hodge Lifetime Lifetime Mortgages
Just Lifetime Mortgages
LV Mortgages
Just Drawdown Lifetime Mortgages
The 1st and 2nd charge lender will want to know if the property is a Freehold terraced house or a Leasehold house and if the resident is an Private Tenant.
How much is it common to release from a home
The more aged you are and the the more illnesses you have you are the more money you can release.
Areas where retirement mortgages are routine
- Alton
- Aspatria
- Chorleywood
- Carshalton
- Brentwood
- Shaftesbury
- Cotgrave
- Stainforth
- Uttoxeter
- Gateshead
- Sandy
Equity Release LTV
- 55% home reversion schemes VitalityLife Equity Release
- 45% loan to value (LTV) monthly payment life time mortgage Step Change
- 45% loan to value monthly payment life time mortgage Step Change
- 35% LTV monthly payment lifetime mortgage Optimum Credit
It’s usual to encounter individuals seeking out monthly payment lifetime mortgage, lump sum life time mortgages or monthly payment equity release, however, Bower like LV Liverpool Victoria are keen to see evidence of your personal situation in the form of bank statements.
