- Remove money from your home
- No need to make regular monthly payments
- Use the cash to pay off loans and credit cards
- Still have a few more mortgages payments to make? No problems
- Continue to live in your own home
- No lender fees charged
- Clay lump construction homes are acceptable
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
Not interested in equity release? Do you just want a conventional mortgage at 3.97% regardless of your age please Click Here
- Lloyds Bank Equity Release
- Saga Equity Release Plans
- Nationwide Interest Only Lifetime Mortgage
- NatWest Equity Release Schemes
- Aviva Flexible Voluntary Repayment Plan
- Liverpool Victoria LV= Lump Sum Plus Lifetime Mortgage
- More2Life Tailored Choice Plan
- TSB Equity Release Plans
- Royal Bank of Scotland Equity Release Plans
- Saga Lifetime Mortgage
- More 2 Life Capital Choice Plus Plan
Difficult to mortgage property types can include homes requiring essential repairs, properties where tenants live in a self-contained part of the property, freehold houses and bungalows (England, Wales, Northern Ireland), properties with unregistered titles subject to these being registered as part of the legal process and properties with leased solar panels.
Popular retirement mortgage products include Lloyds Bank mortgages for over 65, HSBC mortgages for pensioners, Post Office retirement mortgages, L&G later life interest only mortgages and Nationwide BS interest only mortgages for people over 70.
Difficult to mortgage home types include eco houses and modern methods of construction, properties with any external treatment applied to the roof after construction, studio flats located within the M25, privately developed flats in blocks of two storeys without a lift and basement or lower ground floor flats with level access to private or communal garden space.
Some of the most common LTV ratios of Lloyds equity release schemes for people over 70, Barclays Bank lifetime mortgages for over 55s, NatWest mortgages for 60 year olds, L&G retirement mortgages over 70, Royal Bank of Scotland mortgages over 70s and Nationwide Building Society pensioner mortgages over 60 are 45%, 60% and 65%.
Challenging to finance property variants can include flats of less than 30 square metres in any location, properties with a large number/scale of outbuildings, properties without direct access to an adopted highway or which are accessed over an unmade road, 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.
Challenging to mortgage home variants can include properties will be assessed for flood risk, properties close to mining works, areas of landfill, areas of recent flooding or subsidence, properties of non-standard construction, asbestos construction and missing planning permission or building regulations approval.
How much money can I borrow?
You can release 65% of your property’s valuation. For example, if your home is valued at £350,000 you can borrow £245,000.
Pitfalls of Lifetime Mortgages
Monthly payment equity release can reduce your estate value. Interest-only lifetime mortgages may impact entitlements to state benefits. You may need to pay a broker’s fee and you could be exposed to changes in interest rates with some products.
- Bad Credit Mortgages Properties Purchased Through A Right To Buy Scheme UK
- Home Equity Loan In House Under 55 UK
- Refinance Family Building Society UK
- Remortgage Clay Lump Construction House in 2023
- Bad Credit
- Interest Only Lifetime Mortgages Keystone Property Finance for 2023
- Refinance Properties Held In Trust in 2023
- Properties High Risk To Subsidence Or Movement
- Foundation Home Loans
- Refinance Category A & B Listings Scotland Listed in 2023
- Equity Loan Precast Reinforced Concrete Prc Properties UK
- Home Equity Loan Properties With An Agricultural Tie for 2023
- Home Equity Loan M&S Bank in 2023
- Bad Credit Mortgages Itl Mortgages in 2023
- Retirement Mortgage No Broker Fee for 2023
- Refinance More To Life UK
- RIO Dudley Building Society UK
- Interest Only Mortgage Properties Involved In Commercial Farming in 2023
- Equity Loan Paragon UK
- Pensioner Mortgage In-Situ Cast Concrete Properties for 2023
- Refinance Masthaven Bank for 2023
- Bad Credit Mortgages Habito UK
- Retirement Mortgage Ge Money Home Lending Ltd for 2023
- Bad Credit Mortgages Best Retirement Interest Only Mortgages for 2023
- Home Equity Loan Age 41 UK
- Equity Loan Clydesdale Bank UK
- RIO Properties Flooded In The Past Five Years for 2023
- Remortgage Bad Credit Mortgage Agency Services UK
- Harpenden Building Society
- Home Equity Loan No Advisor Fee for 2023
- Retirement Mortgage Newbury Building Society Mortgages for 2023
- Bad Credit Mortgages Daily Telegraph in 2023
- RIO Age 47 UK
- Bad Credit Mortgages Beverley Building Society for 2023
- Refinance Ipswich Building Society Mortgages for 2023
- Remortgage Bad Credit Ecology Building Society in 2023
- Interest Only Lifetime Mortgages Pepper Money UK
- Bad Credit Mortgages Belfast Northern Ireland for 2023
- External Walls Built Entirely Of Single Skin Brickwork
- Greater London
- Interest Only Lifetime Mortgages Earl Shilton Building Society in 2023
- Equity Loan No Credit Check in 2023
- RIO Merseyside Liverpool for 2023
- Remortgage Bad Credit Asbestos Sheet in 2023
- Remortgage For 50 Year Olds in 2023
- Interest Only Mortgage Adam & Company UK
- Equity Loan Properties Adjacent To Commercial Premises for 2023
- RIO Hodge in 2023
- Home Equity Loan Ahli United Bank for 2023
- Equity Loan Bluestone Mortgages UK
- Equity Loan Precise Mortgages in 2023
- Remortgage Leeds Building Society in 2023
- Equity Loan Ex Local Authority Flats Or Maisonettes UK
- RIO Magellan Homeloans for 2023
- Pensioner Mortgage Manchester Building Society UK
- Refinance Annexe Self Contained Granny Flats for 2023
- Refinance Properties With A Steel Frame Bisf UK
- Remortgage Bad Credit Metro Bank UK
- Bad Credit Mortgages Age 51 in 2023
- Bad Credit Mortgages National Counties Building Society Bs UK
- Retirement Mortgage Age 45 for 2023
- RIO Parity Trust for 2023
- Interest Only Lifetime Mortgages Kensington Mortgage Company in 2023
- Remortgage Bad Credit Furness Building Society for 2023
- Equity Loan Age 44 UK
- Renting of video tapes and disks Burnham-on-Sea
- Retail sale of fish, crustaceans and molluscs in specialised stores Elstree and Borehamwood
- Manufacture of bodies coachwork for motor vehicles except caravans Whitnash
- Other non-ferrous metal production Wallasey
- Manufacture of woven or tufted carpets and rugs Ormskirk
- Travel agency activities Brentwood
- Growing of vegetables and melons, roots and tubers Corby
- Retail sale via mail order houses or via Internet Ashby-de-la-Zouch
- Printing n e c Woodbridge
- Manufacture of condiments and seasonings Waltham Cross
- Repair and maintenance of aircraft and spacecraft Sandiacre
- Cold drawing of wire Callington
- Financial management Todmorden
- Striking of coins Blackburn
- Manufacture of coke oven products Halifax
- Retail sale via stalls and markets of food, beverages and tobacco products Bacup
- Video distribution activities Great Yarmouth
- Solicitors Fordwich
- Sound recording and music publishing activities Alton
- Manufacture of other textiles n e c Chipping Sodbury
- Other sports activities Battle
- Architectural activities Verwood
- Non-scheduled passenger air transport Kempston
Equity Release Loan To Value
- 55% interest-only lifetime mortgages Fortify Insurance Solutions
- 45% LTV interest-only lifetime mortgages Saga
- 40% LTV home reversion plans Optimum Credit
- 25% LTV monthly payment lifetime mortgage Santander
The lender will want to know if the property is a Freehold house or a Leasehold flat and if the resident is an Owner Occupier Primary Residence.
Equity Release UK Lenders
- Legal and General
- Stonehaven
- Aviva
- LV lifetime mortgage
- LV Liverpool Victoria
It is common to encounter people seeking out monthly payment life time mortgage, lumpsum lifetime mortgages or home reversion schemes, however, Key Solutions like AIG Life are keen to see evidence of your personal circumstances in the form of pension statements.
Areas of the UK where equity release is popular
- Wem
- St Blaise
- Bridlington
- Bradninch
- Evesham
- Halifax
- Attleborough
- Penwortham
- Amble
- Ambleside
- Ramsey
- Middlesbrough
Canada Life Lifetime Mortgages
Equity Release percentages of your current property value
The more elderly you are and the the more illnesses you have you are the more tax free money you can release.