Retirement Mortgage Age 54

Release equity from your property
No need to make regular monthly payments
Help your family with the cash you release
Are you still paying a mortgage? No problems
Could be a vehicle to reduce tax bills
Mortgage lender not impacted by corona virus
No lender fees added on
All parts of the UK are acceptable including Northern Ireland

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*
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*
Contact Phone Number:*
Your Email Address:*
First Line Of Your Address:*
Your Postcode:*

The 1st and 2nd charge lender will want to know if the property is a Semi detached freehold house or a Leasehold house and if the resident is an AST Tenant.

Small business owners detail likely with equity to release from their homes

Manufacture of wooden containers Berkhamsted
Cargo handling for land transport activities Alford
Other passenger land transport Dinnington St Johns
Casting of steel Shifnal
Site preparation Kirkby Lonsdale
Other residential care activities n e c Stanhope
Freight transport by road Shepton Mallet
Extraction of natural gas Haslingden
Wholesale of wood, construction materials and sanitary equipment Thornbury
Manufacture of kitchen furniture Southwold
Manufacture of cement Queenborough-in-Sheppey
Binding and related services Epsom and Ewell
Manufacture of articles of fur Buckingham
Activities of construction holding companies Blackburn
Business and domestic software development Slough
Other retail sale in non-specialised stores Thirsk
Other business support service activities n e c Stocksbridge
manufacture of canvas goods, sacks, etc Brading
Manufacture of perfumes and toilet preparations Warrington
Raising of horses and other equines Cramlington
Other information technology service activities South Molton
Manufacture of mortars Haverhill
Temporary employment agency activities Westhoughton
Wholesale of metals and metal ores Edenbridge
Manufacture of lifting and handling equipment Barrow-in-Furness

It’s often found to find individuals seeking out lump sum lifetime mortgages, lump sum life time mortgages or home reversion schemes, however, Sunlife Plans like VitalityLife Equity Release are keen to see proof of your personal situation in the form of bank statements.

Equity Release Providers

Key Retirement
Santander
Lifetime Mortgage from L&G
Legal & General

Drawbacks of Interest Only Lifetime Mortgages

Monthly payment life time mortgage can reduce your estate value. Interest-only lifetime mortgages may impact entitlements to 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?

50% monthly payment life time mortgage The Exeter Equity Release
45% loan to value (LTV) monthly payment life time mortgage Shawbrook
30% loan to value home reversion schemes Agricultural Land Mortgage UK

Difficult to mortgage property types can include properties in the course of construction or pre-construction, age restricted properties, feuhold/freehold properties (including flats) in Scotland, properties with unregistered titles subject to these being registered as part of the legal process and properties with single skin brickwork .

Appealing retirement mortgage products are Lloyds lifetime mortgages, HSBC mortgages for people over 50, NatWest interest only retirement mortgages for over 70s, Legal and General later life interest only mortgages over 70 and Nationwide Building Society mortgages for 60 plus.

Difficult to finance home types include Timber-framed properties constructed post 1965, properties with any externally applied insulation to the walls after construction, steel frame/clad properties built before 1990, freehold/feuhold flats (Scotland only) and basement or lower ground floor flats with level access to private or communal garden space.

Some of the most common loan to value percentages of Lloyds help to buy for over 60s, Barclays pensioner mortgages over 60, Halifax lifetime mortgages for people over 55, Legal and General over 60 lifetime mortgages no fees, Royal Bank of Scotland interest only mortgages for people over 60 and Nationwide BS mortgages for over 70s are 50%, 60% and 65%.

Challenging to mortgage home variants include properties with outbuildings used for normal domestic purposes (garage, workshop, stables, barn etc), properties with flying or creeping freehold which comprises 15% or less of the total floor area, properties with more than one annexe or self-contained part of the property, properties using rooms, land or outbuildings for business purposes which are not personal to the borrower(s) or which extend to more than 50% of the property to be secured and properties adversely affected by existing or proposed issues including roads, rail, airports, power plants, power lines/pylons, wind turbines, sub stations, sewage works, quarries, fuel stations, refuse sites, sports grounds, noise, light or environmental pollution.

Challenging to finance home titles include properties with legal agreements such as Overage, Clawback, Option, Pre-emption, or any onerous Restrictive Covenant, properties close to mining works, areas of landfill, areas of recent flooding or subsidence, properties of non-standard construction, corrugated iron construction and properties that has never been registered with the land registry.

How much cash can I release?

You can achieve 60% of your home’s value. As an example, if your house is worth £190,000 you can get £123,000.

Equity Release LTV Percentages

The more aged you are and the the more illnesses you have you are the more tax free money you can release.

More 2 Life Flexi Choice Voluntary Payment Super Lite
Just Retirement Interest Only Lifetime Mortgage
L&G Legal & General Flexible Plus Lifetime Mortgage
Liverpool Victoria LV= Flexible Lifetime Mortgage
Pure Retirement Classic Voluntary Payment Super Lite
Stonehaven Lifetime Mortgage
Lloyds Bank Equity Release Schemes
More2Life Capital Choice Plus Plan
Hodge Indexed Lifetime Mortgage
L&G Legal & General Premier Flexible Lifetime Mortgage
Stonehaven Equity Release Plan
TSB Equity Release Schemes
Age Partnership Interest Only Lifetime Mortgage
More2Life Tailored Choice Plan
Hodge Lifetime Flexible Drawdown Plan
L&G Legal & General Flexible Max Scheme
Liverpool Victoria LV= Lump Sum Plus Lifetime Mortgage
Pure Retirement Drawdown Plan
Nationwide Equity Release Schemes
NatWest Interest Only Lifetime Mortgage
Age Partnership Equity Release Plans
Bridgewater Lifetime Mortgage
Hodge Equity Release Plans
Just retirement defined benefit
More2Life Flexi Choice Drawdown Lite Plan
NatWest Equity Release

Areas of the UK where equity release is common

Aldeburgh
Braintree
Sandhurst
Newport
Irthlingborough
Kendal
Burton upon Trent
Camborne
Sheringham
East Cowes
Filton
Eye
Witney
Aldershot
Newbiggin-by-the-Sea
Bungay
Tow Law
Bromsgrove

More2Life

Hodge Lifetime Drawdown Lifetime Mortgages

Pure Retirement Drawdown Lifetime Mortgages

Free No Obligation Quote

About You