Remove money from your property
You don’t need to make monthly payments
Still, have some mortgage outstanding? No problems
4.22%
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
Release equity from:*
How Much Would You Like Release/Borrow?*
Please enter a number from 6000 to 2000000.
Estimated Value Of Your Home?*
Total amount of mortgage/loans you have on your home
About You
Please tell us about your self and what you want
Name*
First Last
Date of Birth*
Day
Month
Year
Your Email Address:*
Phone Number*
First Line Of Your Address:*
Your Postcode:*

Not interested in equity release? Do you just want a conventional mortgage at 3.97% regardless of your age? Please Click Here

Free No Obligation Quote
Release equity from:*
How Much Would You Like Release?*
Please enter a number from 10000 to 2000000.
Estimated Value Of Your Home?*
Total amount of mortgage/loans you have on your home
About You
Please tell us about your self and what you want
Name*
First Last
Date of Birth*
Day
Month
Year
Contact Phone Number:*
Your Email Address:*
First Line Of Your Address:*
Your Postcode:*

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

Canada Life Home Finance lifetime mortgage

Hodge Lifetime - Lump Sum Lifetime Mortgage

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 for people over 70, Barclays Bank interest-only mortgages for people over 60, Halifax lifetime mortgages, Legal and General remortgages for people over 50, 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%, 54.22% 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 64.22% of your home’s valuation. As an example, if your home is valued at £240,000 you can get £168,000.

Legal & General Home Finance lifetime mortgage

Individuals often seek out monthly payment equity release, monthly payment lifetime mortgage, or home reversion schemes. However, Legal and General, like Aegon, are keen to see paperwork showing 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 Release LTV Percentages

54.22% home reversion schemes Royal London Equity Release
40% LTV monthly payment lifetime mortgage LV equity release
54.22% loan to value monthly payment lifetime mortgage Precise
40% LTV home reversion plans 1st Stop Home Loans
44.22% 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

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