Retirement Mortgage Asbestos Sheet

Release tax-free cash from your home
No monthly payments
Use the money to keep another family member away from a high LTV mortgage
Are you still paying a mortgage? That’s fine we can help
Stay living in your own house for as long as you like
Could be a vehicle to reduce tax bills
Product not impacted by covid19-corona virus
No broker fee

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

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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:*

It is very regular to encounter individuals searching for home reversion schemes, monthly payment life time mortgage or monthly payment equity release, however, Key Retirement like Aegon are keen to see evidence of your situation in the form of bank statements.

The lender will want to know if the property is a Freehold house or a Leasehold flat with share of freehold and if the resident is an Owner Occupier.

Equity Release Providers

Key Solutions
Saga
the Telegraph
Prudential Lifetime

How much is it common to release from a home

The more elderly you are and the unhealthier you are the more tax free money you can release.

Towns of the UK where Lifetime Mortgages are routine

Brierley
Mere
Fareham
Soham
Ellesmere Port
Halstead
Royal Tunbridge Wells
Wareham
Cleator Moor
Ludgershall
Fleetwood

Equity Release Loan To Value

50% lumpsum lifetime mortgages Legal & General
50% loan to value interest-only lifetime mortgages Lifetime Mortgage from L&G
35% LTV monthly payment life time mortgage More to Life
30% loan to value (LTV) interest-only lifetime mortgages Monmouthshire
45% loan to value (LTV) lump sum lifetime mortgages Prudential Lifetime
30% loan to value lumpsum lifetime mortgages Spring Finance
35% loan to value (LTV) monthly payment equity release United Trust Bank
25% LTV monthly payment lifetime mortgage Loughborough Building Society

Retired small business owners that may be interested in lifetime mortgages

Retail sale of newspapers and stationery in specialised stores Bridport
Mining of other non-ferrous metal ores Sutton Coldfield
Manufacture of machinery for paper and paperboard production Bradford-on-Avon
Construction of domestic buildings Kingsteignton
First-degree level higher education Kettering
Manufacture of other parts and accessories for motor vehicles Filey
Manufacture of electrical and electronic equipment for motor vehicles and their engines Wallasey
Support activities for other mining and quarrying Farnborough
Sawmilling and planing of wood Waltham Cross
Justice and judicial activities Hoddesdon
Wholesale of flowers and plants Rowley Regis
Repair of watches, clocks and jewellery Camelford
Manufacture of paints, varnishes and similar coatings, mastics and sealants Coulsdon
Other construction installation Devizes
Foreign affairs Calne
Specialised cleaning services Dulverton
Steam and air conditioning supply Ipswich
Cargo handling for water transport activities Newlyn
Other specialised construction activities n e c Uxbridge
Manufacture of watches and clocks Marazion
Activities of tourist guides Tadcaster
Growing of tobacco Ferryhill
Remediation activities and other waste management services Nelson
Repair of furniture and home furnishings Spilsby

Pitfalls of Interest Only Lifetime Mortgages

Monthly payment lifetime mortgage can reduce the value of your estate. Home reversion plans may impact ability to claim benefits. You may need to pay a broker’s fee and you could have higher rates to pay with some schemes.

More 2 Life Flexi Choice Drawdown Lite Plan
Hodge Lifetime Flexible Drawdown Plan
Liverpool Victoria LV= Lump Sum Plus Lifetime Mortgage
More2Life Tailored Choice Plan
Pure Retirement Equity Release Schemes
Bridgewater Equity Release Plans
Canada Life Equity Release Schemes
More2Life Tailored Choice Plan
L&G Legal & General Flexible Lifetime Mortgage
Liverpool Victoria LV Equity Release Schemes
More 2 Life Capital Choice Plus Plan
Stonehaven Equity Release Plan
Saga Equity Release Schemes
Canada Life Voluntary Select Gold
L&G Legal & General Flexible Max Plus
Liverpool Victoria LV= Flexible Lifetime Mortgage
More to Life Capital Choice Plan
Pure Retirement Drawdown Plan
HSBC Equity Release Plans
NatWest Interest Only Lifetime Mortgage
Royal Bank of Scotland Equity Release Plans

Aviva Mortgages

Crown Mortgages

One Family Drawdown Lifetime Mortgages

Difficult to finance property variants include properties where proposed building works have not yet commenced, age restricted properties, leasehold properties (England, Wales, Northern Ireland) subject to a lease length of 160 years, properties with unregistered titles subject to these being registered as part of the legal process and properties with leased solar panels.

Some of the most common pensioner loan products include Lloyds later life borrowing schemes, Barclays pensioner mortgages, NatWest mortgages for over 60s, Legal and General help to buy for over 60s and Nationwide BS RIO mortgages.

Hard to finance property types include Timber-framed properties constructed post 1965, timber framed properties built between 1920 and 1965, studio flats located within the M25, former local authority flats and freehold flats (England, Wales, Northern Ireland).

Some of the most common LTV percentages of Lloyds Bank RIO mortgages over 75, Barclays over 60 lifetime mortgages, Halifax later life interest only mortgages over 60, Legal & General lifetime mortgages for people over 55, RBS interest only lifetime mortgages for over 70s and Nationwide retirement mortgagesover 65 are 45%, 55% and 65%.

Tough to mortgage home titles include grade ll Listed houses (grade C in Scotland and B2 in Northern Ireland), properties with grounds in excess of five acres, agricultural use of the land and any outbuildings, properties that have solar farms or a large number of wind turbines on the land 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.

Tough to mortgage property variants can include high service charges, properties close to mining works, areas of landfill, areas of recent flooding or subsidence, properties of non-standard construction, thatched buildings and concrete frame.

How much can I release?

You can get 60% of your home’s value. For example, if your home is worth £180,000 you can release £108,000.

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