Lifetime Mortgage Annexe Self Contained Granny Flats – 2.39% Equity Release

Retirement Mortgage Annexe Self Contained Granny Flats

  • Release cash from your house
  • You don’t need to make regular monthly payments
  • Use the money to help your family buy their first home
  • Stay living in your own house
  • Lender not affected by coronavirus crisis
  • All parts of the UK 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

lifetime mortgage
retirement mortgage
lifetime mortgage interest only
Under 55

  • Free No Obligation Quote

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

Over 60
reverse mortgage

 

UK Equity Release Providers

  • Bower
  • More to Life
  • Sunlife Plans

The lender will want to know if the property is a Freehold terraced house or a Leasehold house and if the resident is an AST Tenant.

Remortgage Bad Credit Britannia Co-Operative Bank in 2024

It’s common to discover people looking for lifetime mortgage with flexible drawdown cash release, monthly payment lifetime mortgage or home reversion plans, however, Asbestos Sheet like Royal London Equity Release are keen to see paperwork to show your personal situation in the form of bank statements.

  • Aviva Equity Release Schemes
  • Bridgewater Equity Release
  • Canada Life Equity Release
  • Liverpool Victoria LV= Lump Sum Plus Lifetime Mortgage
  • More2Life Capital Choice Plus Plan
  • Nationwide Equity Release
  • Aviva Lifetime Mortgage
  • Bridgewater Lifetime Mortgage
  • Hodge Lifetime Flexible Drawdown Plan
  • Just Retirement Equity Release Plans
  • L&G Legal & General Flexible Plus Lifetime Mortgage
  • Stonehaven Equity Release
  • Royal Bank of Scotland Equity Release
  • Stonehaven Equity Release Scheme
  • HSBC Interest Only Lifetime Mortgage
  • More to Life Flexi Choice Voluntary Payment Super Lite
  • Stonehaven Interest Select Plan
  • NatWest Equity Release Plans
  • Age Partnership Equity Release Schemes

 

Towns of the UK where Lifetime Mortgages are popular

  • Hoddesdon
  • Bolton
  • Market Deeping
  • Westhoughton
  • Newton-le-Willows
  • Grantham
  • Mirfield
  • Tonbridge
  • Woodley
  • Stretford
  • Darley Dale
  • Halstead
  • Shepshed
  • Basingstoke
  • Reading

 

What percentage can be released?

The more aged you are and the unhealthier you are the more cash you can release.

Downsides of Home Reversion Plans

Home reversion plans can reduce your estate value. Home reversion plans may impact entitlements to state benefits. You may need to pay an advisor’s fee and you could be exposed to changes in interest rates with some products.

Interest Only Lifetime Mortgages Annexe Self Contained Granny Flats

 

Retired business owners that may be interested in Home Reversion Schemes

  • Growing of tropical and subtropical fruits Wednesbury
  • Other amusement and recreation activities n e c Ashton-under-Lyne
  • Activities of other membership organizations n e c Nelson
  • Tax consultancy Brierfield
  • Seed processing for propagation Wetherby
  • Motion picture production activities Arundel
  • Extraction of peat Mitcham
  • Activities of financial services holding companies St Just-in-Penwith
  • Agents selling agricultural raw materials, livestock, textile raw materials and semi-finished goods Dunstable
  • Compulsory social security activities Belper
  • Agents involved in the sale of machinery, industrial equipment, ships and aircraft Crowland
  • Manufacture of earthmoving equipment Whitchurch
  • Manufacture of other builders’ carpentry and joinery Halifax
  • Cutting, shaping and finishing of stone Willesden
  • Manufacture of locks and hinges Mitcheldean
  • Manufacture of other technical ceramic products Settle
  • Temporary employment agency activities Saffron Walden
  • Manufacture of cordage, rope, twine and netting Stourport-on-Severn
  • Manufacture of other general-purpose machinery n e c Witney
  • Activities of business and employers membership organizations Longtown
  • Other specialist photography Cullompton
  • Manufacture of dyes and pigments Rugby

 

Equity Release LTV

  • 60% monthly payment equity release Old Mutual Wealth
  • 45% loan to value (LTV) lump sum lifetime mortgages Optimum Credit
  • 45% LTV interest-only lifetime mortgages LV lifetime mortgage
  • 30% loan to value home reversion plans Spring Finance
  • 40% LTV monthly payment life time mortgage Pepper

Pensioner Mortgage Annexe Self Contained Granny Flats

 

Pure Retirement - Classic Super Lite Plan

Canada Life - Lifestyle Gold

Hard to finance home variants can include properties in the course of construction or pre-construction, properties where multiple third parties are living in an annexe, freehold houses and bungalows (England, Wales, Northern Ireland), properties which are made up of multiple titles and properties with single skin brickwork .

Some of the most popular retirement mortgage products are Lloyds Bank later life mortgages, HSBC mortgages for 60 year olds, Post Office interest only mortgages for people over 70, Legal & General later life mortgages and Nationwide Building Society retirement mortgages.

Hard to finance home variants can include Timber-framed properties constructed post 1965, properties with any externally applied insulation to the walls after construction, large concrete panel systems, studio flats outside the M25 and basement or lower ground floor flats with level access to private or communal garden space.

Popular LTV percentages of TSB interest only mortgages for over 60s, HSBC interest only mortgages for people over 70, Post Office over 60 mortgages, Legal and General mortgages for 60 year olds, RBS mortgages for pensioners over 60 and Nationwide Building Society pensioner mortgages over 60 are 50%, 60% and 65%.

Challenging to finance property titles can include flats of less than 30 square metres in any location, properties converted from modern commercial premises, properties with a small number of solar panels or a wind turbine on the land for domestic use, properties with flying or creeping freeholds which comprise over 15% of the total floor area and properties which have been built on a previously contaminated land are acceptable provided the result of an environmental search determines the land to be clear of contamination.

Challenging to finance property variants can include properties built on contaminated land, properties close to mining works, areas of landfill, areas of recent flooding or subsidence, some properties with sitting tenants or regulated tenancies, thatched buildings and concrete panel houses.

How much cash can I get?

You can release 65% of your property’s valuation. For example, if your home is worth £330,000 you can borrow £198,000.

Legal & General - Flexible Pink

Aviva - Lifestyle Flexible Option

Pure Retirement Ltd lifetime mortgage

Legal & General - Flexible Indigo