Lifetime Mortgage Age 53

Retirement Mortgage Age 53
  • Remove money from your property
  • You don’t need to make monthly payments
  • Still, have some mortgage outstanding? No problems
  • Product not impacted by COVID 19
  • No broker fees charged
  • Freehold flats 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

  • 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

retirement mortgages
lifetime mortgage interest only
pensioner mortgages interest only
pensioner mortgage
  • Free No Obligation Quote

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

lifetime mortgage interest only rates

Hodge Lifetime Drawdown Lifetime Mortgages


Hodge Lifetime Mortgages

Legal and General Retirement Mortgages

Pure Retirement Drawdown Lifetime Mortgages

Equity Release LTV

The more elderly you are and the more illnesses you have you are the more money you can release.

Hodge Lifetime - Flexible Repayment Plan - NO Early Repayment Charges
LV= lifetime mortgage
Canada Life Home Finance lifetime mortgage
Hodge Lifetime - Lump Sum Lifetime Mortgage
Legal & General - Flexible Blue

Difficult to finance home variants include properties in poor condition, properties where the ownership is set up on a tenancy in common basis, 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 owned under any form of shared equity scheme.

Some of the most common pensioner mortgage products are TSB mortgages over 70s, Barclays Bank interest only mortgages for people over 60, Halifax lifetime mortgages, Legal and General remortgages for people over 50 years old and Nationwide later life mortgages.

Hard to finance home types can include properties with post 1945 asbestos or similar composition roof tiles , properties with any externally applied insulation to the walls after construction, large concrete panel systems, freehold/feuhold flats (Scotland only) and basement or lower ground floor flats with level access to private or communal garden space.

Popular LTV percentages of Lloyds mortgages for over 50 year olds, Barclays retirement interest only mortgages over 60, Halifax equity release schemes for over 55’s, Legal & General equity release plans for people over 60, Bank of Scotland mortgages for over 70s and Nationwide BS mortgages for people over 50 are 50%, 55% and 70%.

Challenging to mortgage home variants can include properties with outbuildings used for normal domestic purposes (garage, workshop, stables, barn etc), properties with a single annexe or other self-contained part of the property, use of the land and any outbuildings for a small amount of personal commercial use., properties that are being used for personal commercial use 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 titles can include high service charges, ground rent where the lease or any deed varying the lease provides for a ground rent exceeding, or where the escalating provisions would result in the ground rent exceeding £250 per annum (or £1000 per annum where the property is in Greater London), properties with structural problems, timber buildings and Reema Hollow panel, Schindler and Hawksley SGS, Stent, Stonecrete, Stour, Tarran, Underdown, Unity and Butterley, Waller, Wates, Wessex, Winget and Woolaway.

How much cash can I borrow?

You can get 65% of your home’s valuation. As an example, if your home is valued at £240,000 you can get £168,000.

Just lifetime mortgage
Legal & General Home Finance lifetime mortgage

It is often found to encounter individuals seeking out monthly payment equity release, monthly payment lifetime mortgage or home reversion schemes, however, Legal and General like Aegon are keen to see paperwork to show your personal situation in the form of bank statements.

Retired small business owners that may be interested in lifetime mortgages

  • Wholesale of grain, unmanufactured tobacco, seeds and animal feeds Stourbridge
  • Pre-primary education Tickhill
  • Manufacture of explosives Stainforth
  • Manufacture of pulp Gorleston-on-Sea
  • Retail sale by opticians Egremont
  • Manufacture of tobacco products Newlyn
  • Manufacture of light metal packaging Steyning
  • Life insurance Epping
  • Security systems service activities Conisbrough
  • Inland passenger water transport Sedbergh
  • Youth hostels Marlow
  • Furnace and chimney cleaning services Clare
  • Manufacture of bearings, gears, gearing and driving elements Rochdale
  • Other software publishing brought
  • Retail sale in commercial art galleries Wisbech
  • Manufacture of loaded electronic boards Henley-on-Thames
  • Wholesale of meat and meat products Bungay
  • Manufacture of other wearing apparel and accessories n e c Wendover
  • Manufacture of other transport equipment n e c Bexhill-on-Sea
  • Fire service activities Cleator Moor
  • Manufacture of other paper and paperboard containers Carshalton
  • Manufacture of other textiles n e c Leyland

Equity Release Scheme Providers

  • More2Life
  • Prudential
  • Sunlife Plans
Equity Loan In House Under 55 in 2024

Equity Release LTV Percentages

  • 55% home reversion schemes Royal London Equity Release
  • 40% LTV monthly payment lifetime mortgage LV equity release
  • 55% loan to value monthly payment lifetime mortgage Precise
  • 40% LTV home reversion plans 1st Stop Home Loans
  • 45% loan to value monthly payment lifetime mortgage Crown
  • 30% loan to value (LTV) lump sum lifetime mortgages Clydesdale Bank PLC

The mortgage lender will want to know if the property is a Detached freehold house or a Leasehold flat and if the resident is an AST Tenant.

  • Canada Life Prestige Flexi Option
  • Hodge Equity Release Schemes
  • Pure Retirement Classic Voluntary Payment Super Lite
  • HSBC Equity Release Schemes
  • Lloyds Bank Equity Release Schemes
  • Saga home reversion schemes
  • Liverpool Victoria LV Equity Release Schemes
  • TSB Equity Release
  • Bridgewater Equity Release
  • Canada Life Interest Select Gold Flexi
  • Just retirement defined benefit
  • L&G Legal & General Flexible Lifetime Mortgage
  • More 2 Life Flexi Choice Voluntary Payment Super Lite
  • Pure Retirement Drawdown Plan
  • TSB Lifetime Mortgage
  • Royal Bank of Scotland Lifetime Mortgage
  • Liverpool Victoria LV Equity Release Schemes
  • Saga Equity Release Schemes
  • Age Partnership Equity Release Plans

Disadvantages of Equity Release Plans

Lifetime mortgage with flexible drawdown cash release can reduce your estate value. Interest-only lifetime mortgages may impact ability to get state benefits. You may need to pay a valuation fee and you could be exposed to changes in interest rates with some products.

Refinance New Street Mortgages for 2024

Areas of the UK where equity release is popular

  • Lewes
  • Hungerford
  • Stafford
  • Frinton and Walton
  • Worthing
  • Thornaby-on-Tees
  • Burton upon Trent
  • South Elmsall
  • Cramlington
  • Lydney
  • Bewdley
  • Aldershot
  • Middleham