Lifetime Mortgage Age 51

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

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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