Lifetime Mortgage Age 50

Retirement Mortgage Age 50
  • 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 mortgage 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 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
Over 65
lifetime mortgage interest only rates
interest only mortgage rates
  • Free No Obligation Quote

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

lifetime mortgage interest only
lifetime mortgage
pensioner mortgages
pensioner mortgages
lifetime mortgage interest only rates
  • 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.

Remortgage Properties Purchased Through A Right To Buy Scheme 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
Legal & General - Flexible Pink
LV= Lump Sum+ Lifetime Mortgage
Aviva lifetime mortgage with cashback
More2Life - Capital Choice Plus Plan
Aviva - Lifestyle Flexible Option
More2Life - Flexi Choice Super Lite

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

Hodge Lifetime Mortgages

Legal and General Mortgages

More2Life Lifetime Mortgages

Pure Retirement

Equity Release percentages of your current property value

The more elderly you are and the more illnesses you have you are, the more tax-free money you can release.

Drawdown