Lifetime Mortgage Age 47

Retirement Mortgage Age 47
  • Release equity from your house
  • No monthly payments
  • Are you still paying a mortgage? That’s fine; we can help.
  • Stay living in your property.
  • No lender fees
  • All UK Postcodes areas are acceptable.

If you don’t want a lifetime mortgage or equity release and want a regular mortgage at 3.97% regardless of your age, please Click Here

  • Free No Obligation Quote

  • Please enter a number from 6000 to 2000000.
  • About You

Not interested in equity release? Do you want a conventional mortgage at 3.97%, regardless of your age? Please Click Here

retirement mortgages interest only
lifetime mortgage interest only rates
reverse mortgage
retirement mortgages interest only
  • Free No Obligation Quote

  • Please enter a number from 10000 to 2000000.
  • About You

Over 55
Over 55
retirement mortgage
lifetime mortgage interest only

Equity Release Loan To Value

  • 60% home reversion plans AA equity release
  • 60% loan to value home reversion plans Bower
  • 35% loan to value (LTV) lumpsum lifetime mortgages Prudential Lifetime
  • 30% loan to value monthly payment lifetime mortgage Evolution Money
  • 25% loan to value (LTV) lump sum lifetime mortgages Bank of Ireland
  • 30% LTV monthly payment lifetime mortgage Clearly Loans

The mortgage lender will want to know if the property is a semi-detached freehold house or a Leasehold flat with a share of freehold and if the resident is an Owner Occupier’s Primary Residence.

Refinance Ex Local Authority Flats Or Maisonettes in 2024

Aviva Lifetime Mortgages

Crown Drawdown Lifetime Mortgages

Hodge Lifetime

More2Life Lifetime Mortgages

Just Mortgages

Interest Only Lifetime Mortgages Coutts Finance Co in 2024

Areas of the UK where Lifetime Mortgages are popular

  • Bishops Castle
  • Stanley
  • East Retford
  • Newhaven
  • Pudsey
  • Halstead
  • Wimborne Minster
  • Cowes
  • Wragby
  • Clitheroe
  • Syston
  • Bishop Auckland
  • Swanage
  • Chipping Campden
  • Buckingham
  • Ossett
  • Stourport-on-Severn
  • Chudleigh
  • Ottery St Mary
  • Burton upon Trent
  • Ollerton and Boughton

Examples of retired small business owners likely to have equity to release

  • Binding and related services Warrington
  • Manufacture of electronic measuring, testing, etc equipment, not for industrial process control Alton
  • News agency activities St Ives
  • Retail sale by opticians South Elmsall
  • Event catering activities Aldershot
  • Public houses and bars Leigh
  • Machining Ashby-de-la-Zouch
  • Manufacture of builders ware of plastic Driffield
  • Mining of chemical and fertilizer minerals Eccleshall
  • Video production activities Southsea
  • Manufacture of other machine tools Middlewich
  • Manufacture of central heating radiators and boilers Birchwood
  • Repair of furniture and home furnishings in Tottenham
  • Life reinsurance Ledbury
  • Manufacture of trailers and semi-trailers Sandbach
  • Retail sale of antiques, including antique books, in stores in Wimbledon
  • Manufacture of military fighting vehicles Havant
  • Painting Stotfold
  • Extraction of salt Denholme
  • Manufacture of caravans Tickhill
  • Manufacture of bread; manufacture of fresh pastry goods and cakes Pocklington
  • Retail sales in commercial art galleries in Bridport
  • Retail sale of beverages in specialised stores in Stalham
  • Operation of warehousing and storage facilities for air transport activities Hawes
  • Manufacture of medical and dental instruments and supplies Grange-over-Sands
  • Trade of electricity Sutton
  • Manufacture of fluid power equipment Chatham
  • Manufacture of wooden containers North Tawton
  • Publishing of newspapers Erith

It’s widespread to find people seeking out home reversion plans, monthly payment lifetime mortgages or interest-only lifetime mortgages; however, Key Retirement like AIG Life are keen to see paperwork to show your circumstances in the form of bank statements.

Difficult-to-mortgage property types include poorly maintained at the time of the valuation inspection, properties where letting arrangement where the tenancy agreement is not appropriate, freehold houses and bungalows (England, Wales, Northern Ireland), crafted houses and properties owned under any form of shared equity scheme.

Popular pensioner finance products are Lloyds Bank later life mortgages, Barclays Bank interest-only mortgages for over 60s, Halifax over 60 mortgages, L&G mortgages for 60 plus pensioners and Nationwide BS interest-only mortgages for over 60s.

Difficult-to-mortgage home types can include complex roof structures, timber-framed properties built between 1920 and 1965, steel frame/clad properties built before 1990, studio flats outside the M25 and properties where the flat is accessed via a deck or balcony.

Some of the most common loan-to-value ratios of Lloyds Bank later life mortgages for those over 70s, Barclays Bank later life borrowing schemes over 55, NatWest over 60 lifetime mortgages with no fees, Legal and General retirement interest-only mortgages over 60, Royal Bank of Scotland retirement mortgages with over 60 and Nationwide Building Society equity release schemes for over 55’s are 40%, 60% and 70%.

Tough-to-mortgage property variants include properties with land in addition to the domestic grounds up to a maximum property size of five acres, where the land is for everyday domestic use, properties with the room(s) or outbuilding(s) used for a small amount of personal, commercial use, properties without direct access to an adopted highway or which are accessed over an unmade road. In these properties, there is a self-contained part of the property or annexe, i.e., basement flat, etc., and properties with mobile phone masts that are within influencing distance of the house.

Tough-to-finance property titles can include properties with legal agreements such as Overage, Clawback, Option, Pre-emption, or any onerous Restrictive Covenant, ground rent where the lease or any deed varying the lease provides for a ground rent exceeding, or where the escalating provisions would result in the ground rent exceeding £250 per annum (or £1000 per annum where the property is in Greater London), some properties with sitting tenants or regulated tenancies, asbestos construction and Reema Hollow panel, Schindler and Hawksley SGS, Stent, Stonecrete, Stour, Tarran, Underdown, Unity and Butterley, Waller, Wates, Wessex, Winget and Woolaway.

How much can I get?

You can release 65% of your property’s value. For example, if your home is worth £350,000, you can borrow £210,000.

  • Liverpool Victoria LV Equity Release Schemes
  • More to Life Flexi Choice Drawdown Lite Plan
  • Canada Life Equity Release Schemes
  • Hodge Equity Release Schemes
  • Just Retirement Equity Release Schemes
  • Liverpool Victoria LV Equity Release
  • Pure Retirement Lifetime Mortgage
  • Nationwide Equity Release Schemes
  • Royal Bank of Scotland Equity Release
  • Liverpool Victoria LV Equity Release
  • More 2 Life Tailored Choice Plan
  • Age Partnership Equity Release
  • Aviva Flexible Voluntary Repayment Plan
  • Bridgewater Equity Release Schemes
  • Canada Life Prestige Flexi Option
  • Liverpool Victoria LV Equity Release
  • Stonehaven Equity Release Plan
  • More 2 Life Flexi Choice Voluntary Payment Super Lite
Just lifetime mortgage
Aviva lifetime mortgage
Legal & General - Flexible Yellow
OneFamily joint lifetime mortgage
OneFamily lifetime mortgage
Canada Life Home Finance lifetime mortgage

Drawbacks of Home Reversion Schemes

Monthly payment equity release can reduce your estate value. A lifetime mortgage with a flexible drawdown cash release may impact the ability to claim entitlements. You may need to pay a valuation fee and be exposed to changes in interest rates with some products.

UK Equity Release Scheme Lenders

  • Key Retirement
  • Santander
  • Lifetime Mortgage from L&G
  • Prudential

What percentage can be released?

The older you are and the more serious the illnesses you are, the more cash you can release.