Lifetime Mortgage Age Restricted Properties

Retirement Mortgage Age Restricted Properties
  • It is not necessary to make regular monthly payments.
  • Use the money to help your family
  • Are you still paying a mortgage? That’s fine. We can help
  • Continue to stay in your house

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

interest only lifetime mortgage
Over 55
equity release
lifetime mortgage interest only
pensioner mortgages
retirement mortgages interest only
  • Free No Obligation Quote

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

retirement mortgages interest only
retirement mortgages
Over 65
lifetime mortgage interest only
Bad Credit Mortgages Best Retirement Interest Only Mortgages for 2024

Providers for Equity Release

  • More2Life
  • Prudential Lifetime
  • Age Partnership

Areas in the UK where retirement mortgages are common

  • Bury
  • Stanhope
  • Shirebrook
  • Kingsteignton
  • Thirsk
  • Altrincham
  • Sandbach
  • Hastings
  • Northleach with Eastington
  • North Tawton
  • Clay Cross
  • Burford
  • Barnes
  • Rawtenstall
  • Newport

Equity Release percentages of your current property value

  • 55% lump sum lifetime mortgages AA equity release
  • 50% loan to value (LTV) lumpsum lifetime mortgages 1st Stop Home Loans
  • 35% LTV lifetime mortgage with flexible drawdown cash release Vida
  • 25% loan to value monthly payment lifetime mortgage Santander
Remortgage Ex Council Property Houses And Flats in 2024

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.

Equity Release percentages of your current property value

The more elderly you are and the unhealthier you are, the more cash you can release.

Aviva Mortgages

Canada Life Mortgages

One Family Retirement Mortgages

Pure Retirement Retirement Mortgages

Successful business owners who could benefit from Home Reversion Scheme tax planning

  • Manufacture of computers and peripheral equipment Charlbury
  • Television programme production activities Howden
  • Wholesale of waste and scrap Middleton
  • Repair of furniture and home furnishings Wirksworth
  • Residential care activities for the elderly and disabled Chard
  • Manufacture of ovens, furnaces and furnace burners Hendon
  • Manufacture of ready-mixed concrete Horsham
  • Construction of railways and underground railways Crediton
  • Wholesale of wine, beer, spirits and other alcoholic beverages Bedale
  • Wholesale of pharmaceutical goods St Blaise
  • Growing of tobacco Middlewich
  • Hospital activities Penrith
  • Freight rail transport Bilston
  • Retail sale of flowers, plants, seeds, fertilizers, pet animals and pet food in specialised stores Newbiggin-by-the-Sea
  • Retail sale of fruit and vegetables in specialised stores Newton Aycliffe
  • Manufacture of photographic and cinematographic equipment Folkestone
  • Hotels and similar accommodation Reepham
  • Casting of light metals Fleetwood
  • Bookkeeping activities Walthamstow
  • Activities of unit trusts Whitehill
  • Manufacture of agricultural tractors Buxton
  • Publishing of newspapers Nuneaton
  • Repair and maintenance of other transport equipment n e c Corby
  • Operation of warehousing and storage facilities for water transport activities Peterlee
  • Manufacture of essential oils Leigh-on-Sea
LV= Lump Sum+ Lifetime Mortgage
Legal & General Home Finance lifetime mortgage
Aviva lifetime mortgage
Legal & General - Flexible Pink
Hodge Lifetime - Flexible Repayment Plan - NO Early Repayment Charges
LV= Flexible Lifetime Mortgage

Downsides of Lifetime Mortgages

Home reversion schemes can reduce the value of your estate. Monthly payment lifetime mortgage may impact entitlements to benefits. You may need to pay a valuation fee and some products expose you to changes in interest rates.

It’s usual to discover people looking for home reversion schemes, monthly payment lifetime mortgages or home reversion plans. However, Key Retirements like Legal & General are keen to see proof of your circumstances through investment statements.

  • More 2 Life Tailored Choice Plan
  • L&G Legal & General Flexi Max Voluntary Repayment Plan
  • HSBC Equity Release Plans
  • Royal Bank of Scotland Equity Release Schemes
  • Saga Lifetime Mortgage
  • Age Partnership Equity Release Schemes
  • Liverpool Victoria LV= Flexible Lifetime Mortgage
  • HSBC Equity Release Schemes
  • Royal Bank of Scotland Equity Release Plans
  • Saga home reversion schemes
  • Aviva Equity Release Schemes
  • More2Life Flexi Choice Drawdown Lite Plan
  • Nationwide Equity Release Plans
  • More to Life Flexi Choice Drawdown Lite Plan
  • Royal Bank of Scotland Interest Only Lifetime Mortgage
  • Age Partnership Equity Release Schemes
  • Aviva Flexible Voluntary Repayment Plan
  • Canada Life Equity Release
  • Hodge Equity Release Schemes
  • Pure Retirement Equity Release
  • Stonehaven Lifetime Mortgage
  • Saga Equity Release Schemes
  • Age Partnership Interest Only Lifetime Mortgage

Difficult-to-finance home types include properties in poor condition, age-restricted properties, freehold houses and bungalows (England, Wales, Northern Ireland), properties where the customer only offers part of the title as security for the loan and properties with leased solar panels.

Appealing pensioner loan products include Lloyds Bank mortgages for over 65, Barclays mortgages for over 50 year-olds, Post Office interest-only lifetime mortgages, Legal & General mortgages for over 65 and Nationwide interest-only lifetime mortgages.

Hard-to-mortgage home types include pre-fabricated reinforced concrete (PRC), properties with spray foam insulation applied to the underside of the roof, properties with minimum floor area of 30 square metres, coach houses i.e. freehold properties with garages beneath and properties where the flat is accessed via a deck or balcony.

Popular LTV percentages of Lloyds Bank later life mortgages for over 70s, HSBC retirement interest-only mortgages over 60, Post Office interest only mortgages for over 60s, Legal & General mortgages for 60 plus pensioners, RBS later life mortgages for over 60s and Nationwide mortgages for people over 50 are 40%, 60% and 70%.

Challenging to mortgage home titles can include properties with land in addition to the domestic grounds up to a maximum property size of five acres, where the land is for normal domestic use, properties with grounds over five acres, properties with a small number of solar panels or a wind turbine on the land for domestic use, 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 that have a private water supply provided a contract is in place with an approved maintenance company for regular testing and maintenance.

Challenging to finance property variants include properties will be assessed for flood risk, 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), derelict property or where part of the building is in severe disrepair and needs demolishing, thatched buildings and properties that has never been registered with the land registry.

How much can I release?

You can achieve 65% of your home’s valuation. For example, if your house is valued at £340,000 you can get £204,000.