No monthly payments
Buy a family member a home without a mortgage
Continue to stay in your house for as long as you like
You don’t need to be 55 for this equity release, aged 49 is OK
Could be used to help tax planning
Product not affected by corona virus
No brokers fees added on
Difficult property types are OK

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

Free No Obligation Quote
Release equity from:*
How Much Would You Like Release/Borrow?*
Please enter a number from 6000 to 2000000.
Estimated Value Of Your Home?*
Total amount of mortgage/loans you have on your home
About You
Please tell us about your self and what you want
Name*
First Last
Date of Birth*
Your Email Address:*
Phone Number*
First Line Of Your Address:*
Your Postcode:*

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

Free No Obligation Quote
Release equity from:*
How Much Would You Like Release?*
Please enter a number from 10000 to 2000000.
Estimated Value Of Your Home?*
Total amount of mortgage/loans you have on your home
About You
Please tell us about your self and what you want
Name*
First Last
Date of Birth*
Contact Phone Number:*
Your Email Address:*
First Line Of Your Address:*
Your Postcode:*

Areas of the UK where equity release is routine

Farnborough
Fordingbridge
Keswick
Earby
Winchcombe
Wem
Sturminster Newton
Biggleswade
Harlow
Peterlee
Luton
Patchway
Peacehaven
Stalbridge
Staines-upon-Thames
Ventnor

Lenders for UK Equity Release

Lifetime Mortgage from L&G
LV lifetime mortgage
Age Concern

Hard to mortgage home variants can include properties in poor condition, properties where tenants live in a self-contained part of the property, leasehold properties (England, Wales, Northern Ireland) subject to a lease length of 160 years, properties with unregistered titles subject to these being registered as part of the legal process and properties owned under any form of shared equity scheme.

Common pensioner mortgage products include Lloyds Bank retirement mortgages, Barclays later life interest only mortgages, Halifax later life interest only mortgages over 60, Legal & General retirement interest only mortgages and Nationwide Building Society pensioner mortgages.

Hard to mortgage home variants include properties with post 1945 asbestos or similar composition roof tiles , timber framed properties built between 1920 and 1965, large concrete panel systems, privately developed flats in blocks of two storeys without a lift and flats above or adjacent to commercial premises.

Popular LTV ratios of TSB retirement mortgages over 70, HSBC interest only mortgages for over 60s, NatWest interest only lifetime mortgages for people over 60, Legal and General later life borrowing schemes over 55, Bank of Scotland mortgages over 65 and Nationwide mortgages for people 60 plus are 50%, 60% and 65%.

Tough to mortgage property variants include flats of less than 30 square metres in any location, properties with room(s) or outbuilding(s) used for a small amount of personal commercial use, grades l and ll* Listed Buildings in England & Wales (Grades A and B in Scotland; A, B+ and B1 in Northern Ireland), 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 adversely affected by existing or proposed issues including roads, rail, airports, power plants, power lines/pylons, wind turbines, sub stations, sewage works, quarries, fuel stations, refuse sites, sports grounds, noise, light or environmental pollution.

Tough to mortgage property variants can include rentcharges properties with a high estate rentcharge, leasehold properties with a short lease, typically less than 70 years, or a defective lease, property is uninhabitable, thatched buildings and concrete panel houses.

How much money can I borrow?

You can achieve 60% of your property’s valuation. For example, if your home is worth £230,000 you can release £149,000.

Equity Release percentages of your current property value

The older you are and the unhealthier you are the more tax free money you can release.

Business owners who could benefit from equity release estate planning

Non-scheduled passenger air transport Blackburn
Residents property management Loddon
Renting and leasing of cars and light motor vehicles Malvern
Taxi operation Northam
Activities of financial services holding companies Howden
Manufacture of electronic components Telscombe
Wholesale of meat and meat products St Ives
Manufacture of other organic basic chemicals Uttoxeter
Grain milling North Hykeham
Manufacture of machinery for paper and paperboard production Dagenham
Other manufacturing n e c Ross-on-Wye
Repair of fabricated metal products Stanley
Activities of real estate investment trusts Thaxted
Temporary employment agency activities Aldershot
Renting and leasing of passenger water transport equipment Dunstable
Retail sale in commercial art galleries Heywood
Striking of coins Hinckley
Wired telecommunications activities Ampthill
Manufacture of other technical ceramic products Kidderminster
Manufacture of equipment for concrete crushing and screening and roadworks Immingham
Manufacture of industrial gases Bromsgrove
Manufacture of soft drinks; production of mineral waters and other bottled waters Brentford

Hodge Equity Release Plans
Lloyds Bank Equity Release
Royal Bank of Scotland Lifetime Mortgage
Aviva Equity Release Schemes
Canada Life Lifetime Mortgage
Hodge Lifetime Flexible Drawdown Plan
HSBC Equity Release Plans
NatWest Equity Release Schemes
Royal Bank of Scotland Equity Release
Age Partnership Lifetime Mortgage
Canada Life Second Home Voluntary Select Plan
Pure Retirement Drawdown Plan
TSB Equity Release
Hodge Lifetime Flexible Voluntary Repayment Plan
L&G Legal & General Flexible Lifetime Mortgage
More to Life Tailored Choice Plan
Pure Retirement Equity Release
Lloyds Bank Lifetime Mortgage
NatWest Equity Release
Saga home reversion plan
More 2 Life Capital Choice Plus Plan

Pitfalls of Home Reversion Schemes

Monthly payment equity release can reduce the value of your estate. Interest-only lifetime mortgages may impact ability to claim benefits. You may need to pay a valuation fee and some products expose you to changes in interest rates.

How much is it common to release from a home

50% lump sum lifetime mortgages LV Liverpool Victoria
35% loan to value lifetime mortgage with flexible drawdown cash release Prudential
25% LTV monthly payment life time mortgage Prestige Finance
30% loan to value home reversion plans Ipswich
25% LTV monthly payment life time mortgage Central Trust

The lender will want to know if the property is a Semi detached freehold house or a Leasehold house and if the resident is an Private Tenant.

Hodge Lifetime Drawdown Lifetime Mortgages

One Family

Pure Retirement Mortgages

Just

Canada Life

More2Life Retirement Mortgages

It’s very regular to find individuals looking for home reversion schemes, lumpsum lifetime mortgages or monthly payment equity release, however, More2Life like VitalityLife Equity Release are keen to see evidence of your circumstances in the form of pension statements.

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