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
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:*

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.

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

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.