- 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
Not interested in equity release? Do you just want a conventional mortgage at 3.97% regardless of your age please Click Here
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
- Pensioner Mortgage Parity Trust for 2023
- Equity Loan Pre-Fabricated Properties for 2023
- Pensioner Mortgage Properties Adjacent To Commercial Premises for 2023
- RIO Daily Telegraph UK
- RIO Age 53 for 2023
- Home Equity Loan Move Provider UK
- Equity Loan Mansfield Bs for 2023
- RIO Age 46 in 2023
- Interest Only Mortgage Properties With A Steel Frame Bisf for 2023
- Pensioner Mortgage Properties Above Commercial Premises for 2023
- Interest Only Mortgage No Credit Check UK
- Remortgage Bad Credit Monmouthshire Building Society UK
- Equity Loan Bank Of Ireland Mortgages UK
- Retirement Mortgage Drawdown UK
- Bad Credit Mortgages Nedbank Private Wealth for 2023
- Refinance Kent Reliance UK
- Pensioner Mortgage Properties Valued Less Than £70000 UK
- Home Equity Loan Intelligent Finance in 2023
- Bad Credit Mortgages Handelsbanken in 2023
- Pensioner Mortgage Landbay in 2023
- Belfast Northern Ireland
- Refinance More Than Two Borrowers for 2023
- Bad Credit Mortgages Pitched Roofs Of Asbestoscement Tiles for 2023
- Refinance Properties High Risk To Subsidence Or Movement in 2023
- Remortgage Bad Credit Paragon for 2023
- Interest Only Lifetime Mortgages In House Under 55 for 2023
- RIO Investec Bank for 2023
- Remortgage Bad Credit Jpmorgan Chase Bank for 2023
- Equity Loan Ex Local Authority Flats Or Maisonettes UK
- Pensioner Mortgage Age 51 for 2023
- Pensioner Mortgage Mansfield Building Society Interest Rates in 2023
- Pensioner Mortgage Asbestos Sheet for 2023
- Bad Credit Mortgages In-Situ Cast Concrete Properties UK
- Home Equity Loan Coventry Building Society for 2023
- Refinance Newbury Building Society Mortgages for 2023
- Equity Loan Age 41 for 2023
- Equity Loan Beverley Building Society in 2023
- Remortgage National Counties Building Society Bs UK
- RIO Properties Held In Trust UK
- RIO Adam & Company UK
- Home Equity Loan Cynergy Bank UK
- Age 45
- Retirement Mortgage Godiva Mortgages Ltd UK
- Remortgage Bad Credit For Self Build UK
- RIO Aldermore Bank in 2023
- Retirement Mortgage More To Life for 2023
- Remortgage Bad Credit Age Restricted Properties in 2023
- Home Equity Loan Declined for 2023
- RIO Market Harborough Building Society in 2023
- Pensioner Mortgage Age 49 in 2023
- Refinance Habito for 2023
- Interest Only Mortgage Chelsea Building Society for 2023
- Equity Loan No Credit Check in 2023
- Bad Credit Mortgages M&S Bank for 2023
- Interest Only Lifetime Mortgages Capital Home Loans UK
- Bad Credit Mortgages Non Standard Construction for 2023
- Equity Loan First Active for 2023
- Home Equity Loan Manchester Building Society for 2023
- Equity Loan Hodge UK
- Equity Loan Cob Construction House in 2023
- Pensioner Mortgage Properties More Than Five Acres Of Land in 2023
- Interest Only Mortgage For Retirement Properties UK