Lifetime Mortgage Age 49

Retirement Mortgage Age 49
  • 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
  • It could be used to help tax planning
  • No broker fees added on
  • Difficult property types are OK

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

interest only lifetime mortgage
lifetime mortgage
pensioner mortgage
Over 60
reverse mortgage
  • Free No Obligation Quote

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

lifetime mortgage interest only rates

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, substations, 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
Pensioner Mortgage Hodge for 2024

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.

Refinance Age 54 for 2024

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 lifetime mortgage Prestige Finance
  • 30% loan to value home reversion plans Ipswich
  • 25% LTV monthly payment lifetime mortgage Central Trust
Aviva lifetime mortgage with cashback
Hodge Lifetime - Lump Sum Lifetime Mortgage
Canada LIfe - Interest Select Gold Flexi
Legal & General - Flexible Yellow
Pure Retirement - Classic Lite
Hodge Lifetime - Flexible Repayment Plan - NO Early Repayment Charges
More2Life - Tailored Choice Plan
LV= Lump Sum+ Lifetime Mortgage

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

LV

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.