- Release equity from your house
- No regular monthly repayments
- Use the money to buy another property
- Are you still paying a mortgage? No problems
- Stay living in your own property for as long as you like
- Can be used to help tax planning
- Lender not affected by covid 19-coronavirus
- No lenders fees
If you don’t want a lifetime mortgage or equity release, and just want a normal mortgage at 1.97% regardless of your age please Click Here
Not interested in equity release? Do you just want a conventional mortgage at 1.97% regardless of your age please Click Here
It is often found to encounter individuals seeking out interest-only lifetime mortgages, monthly payment life time mortgage or home reversion plans, however, the Telegraph like VitalityLife Equity Release are keen to see proof of your personal circumstances in the form of investment statements.
Disadvantages of Lifetime Mortgages
Home reversion schemes can reduce the inheritance for your family. Home reversion schemes may impact ability to get state benefits. You may need to pay a valuation fee and some products expose you to changes in interest rates.
What percentage can be released?
The older you are and the the more illnesses you have you are the more cash you can release.
The lender will want to know if the property is a Detached freehold house or a Leasehold flat and if the resident is an Assured shorthold tenancy tenant.
What percentage can be released?
- 50% interest-only lifetime mortgages Old Mutual Wealth
- 60% loan to value monthly payment life time mortgage Key Retirement
- 30% LTV lump sum lifetime mortgages Saffron Building Society
- 55% loan to value home reversion plans Key Retirement
- 45% loan to value (LTV) monthly payment life time mortgage Prudential Lifetime
- 50% LTV lump sum lifetime mortgages Norton Finance
- 30% loan to value monthly payment life time mortgage Landbay
Areas where Lifetime Mortgages are routine
- Watlington
- Withernsea
- Brampton
- Coalville
- Coulsdon
- Cullompton
- Leiston
- Gillingham
- Blandford Forum
- Lytham St Annes
- Ferndown
- Scunthorpe
- Finchley
Examples of retired small business owners likely to have equity to release
- Manufacture of workwear Stocksbridge
- Mining of chemical and fertilizer minerals Bolsover
- Tax consultancy Great Yarmouth
- Manufacture of compressors Nailsworth
- Wholesale of watches and jewellery Callington
- Activities of religious organizations Neston
- Motion picture, video and television programme post-production activities Watford
- Renting and leasing of media entertainment equipment Medlar-with-Wesham
- Liquid milk and cream production Earley
- Market research and public opinion polling Lostwithiel
- Wholesale of grain, unmanufactured tobacco, seeds and animal feeds Royal Tunbridge Wells
- Photocopying, document preparation and other specialised office support activities Chipping Norton
- Non-specialised wholesale trade Barrow-in-Furness
- Dispensing chemist in specialised stores Warminster
- Manufacture of sugar confectionery Dorchester
- Manufacture of bodies coachwork for motor vehicles except caravans St Ives
- Security dealing on own account Elland
- Construction of commercial buildings Shepshed
- Social work activities without accommodation for the elderly and disabled Worthing
- Manufacture of other technical and industrial textiles Chorleywood
- Renting and leasing of office machinery and equipment including computers Great Dunmow
- Combined facilities support activities Hounslow
- Financial management Altrincham
Canada Life Retirement Mortgages
Crown Drawdown Lifetime Mortgages
Just Drawdown Lifetime Mortgages
Equity Release Lenders
- More2Life
- Saga
- Key Retirement
- Aviva Flexible Voluntary Repayment Plan
- Hodge Equity Release Schemes
- Just retirement defined benefit
- Nationwide Interest Only Lifetime Mortgage
- Lloyds Bank Equity Release Schemes
- Saga home reversion schemes
- Liverpool Victoria LV Equity Release Schemes
- More to Life Flexi Choice Voluntary Payment Super Lite
- Nationwide Equity Release Plans
- HSBC Equity Release
- TSB Equity Release
- Royal Bank of Scotland Lifetime Mortgage
- Saga home reversion plan
- More2Life Capital Choice Plan
- Hodge Equity Release Plans
- L&G Legal & General Flexible Max Scheme
- NatWest Interest Only Lifetime Mortgage
- Aviva Lifestyle Flexible Option
- Bridgewater Equity Release Plans
- Liverpool Victoria LV Equity Release Schemes
- Nationwide Equity Release
- NatWest Equity Release Schemes
- Royal Bank of Scotland Equity Release
- For Tenants In Common
- RIO Metro Bank in 2021
- Interest Only Lifetime Mortgages Declined for 2021
- Refinance Bristol UK
- Refinance Category A & B Listings Scotland Listed in 2021
- Pensioner Mortgage Age Restricted Properties in 2021
- Bad Credit Mortgages Mortgage Express UK
- Refinance Bradford & Bingley Plc in 2021
- Equity Loan Buckinghamshire Building Society UK
- RIO Prefabricated Concrete Houses in 2021
- Home Equity Loan Move Provider UK
- Interest Only Mortgage For Retirement Properties UK
- RIO Age 54 in 2021
- Home Equity Loan Flats And Maisonettes In Blocks Of More Than 10 Storeys in 2021
- Interest Only Mortgage For 50 Year Olds UK
- Retirement Mortgage Coventry Building Society in 2021
- Refinance Family Building Society UK
- Interest Only Mortgage Age 44 in 2021
- Retirement Mortgage Non Standard Construction in 2021
- Interest Only Mortgage Age 52 UK
- Bad Credit Mortgages Accord Mortgages UK
- Interest Only Mortgage Category C S Listing Scotland Listed in 2021
- RIO Age 47 UK
- Remortgage Bad Credit No Credit Check UK
- RIO Age 45 for 2021
- Pensioner Mortgage Age 48 in 2021
- Refinance Mortgage Agency Services in 2021
- Remortgage Greater Manchester UK
- Remortgage Bad Credit More Than Two Borrowers in 2021
- Interest Only Mortgage Properties Held In Trust for 2021
- Refinance Merseyside Liverpool UK
- Remortgage Bad Credit Direct Lender for 2021
- Pensioner Mortgage Earl Shilton Building Society in 2021
- RIO Daily Telegraph UK
- Remortgage Bad Credit Birmingham Midshires for 2021
- Refinance M&S Bank for 2021
- RIO Landmark Mortgages in 2021
- Remortgage Ecology Building Society UK
- Interest Only Mortgage Molo Finance UK
- Refinance Ge Money Home Lending Ltd UK
- Bluestone Mortgages
- Bad Credit Mortgages Barnsley Building Society UK
- Refinance Foundation Home Loans for 2021
- Retirement Mortgage National Counties Building Society Bs in 2021
- Remortgage Adam & Company UK
- Remortgage Properties With A Steel Frame Bisf in 2021
- Retirement Mortgage Investec Bank in 2021
- Remortgage Bad Credit Marsden Bs in 2021
- Pensioner Mortgage Halifax for 2021
- Home Equity Loan Bad Credit UK
- Equity Loan Keystone Property Finance UK
- Pensioner Mortgage Habito in 2021
- Retirement Mortgage Hodge UK
- Interest Only Mortgage Age 40 UK
- Retirement Mortgage Laing Easiform Homes UK
- Interest Only Lifetime Mortgages Newbury Building Society Mortgages in 2021
- Home Equity Loan Handelsbanken UK
- Pensioner Mortgage Age 53 in 2021
- Pensioner Mortgage Precise Mortgages UK
- Equity Loan Properties Involved In Commercial Farming in 2021
- Refinance Leeds Building Society in 2021
- Equity Loan Bank Of Ireland Mortgages UK
- Pensioner Mortgage Age 51 for 2021
- Home Equity Loan Age 41 UK