No regular monthly payments
Use the money for anything you like
Still, have a mortgage? We can help with that
Continue to live in your own property
Lender not impacted by COVID 19-corona virus crisis
All non-standard construction properties considered

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:*

Equity Release UK Providers – retirement interest only mortgage rates

Sunlife Plans
One Family
Key Retirement
Stepchange
LV Liverpool Victoria

Crown Drawdown Lifetime Mortgages

Pensioner Mortgage Best Retirement Interest Only Mortgages

One Family Equity Release

LV Drawdown Lifetime Mortgages

More2Life Mortgages

Towns of the UK where Lifetime Mortgages are popular

Blandford Forum
Southborough
Higham Ferrers
Bradninch
Grantham
Biddulph
Porthleven
Crosby
Burslem
Newbury
Surbiton

Interest Only Lifetime Mortgages Best Retirement Interest Only Mortgages

Hard to finance property variants include homes requiring essential repairs, properties where the ownership is set up on a tenancy in common basis, right to buy – properties in England, Wales and Northern Ireland, leasehold properties (with the exception of flats and maisonettes) and properties owned under any form of shared equity scheme.

Common retirement mortgage products are TSB mortgages for over 65, Barclays Bank equity release plans, NatWest remortgages for people over 50 years old, Legal & General interest only mortgages for people over 60 and Nationwide equity release schemes.

Difficult to mortgage property types include pre-fabricated reinforced concrete (PRC), properties with any external treatment applied to the roof after construction, properties with minimum floor area of 30 square metres, privately developed flats in blocks of two storeys without a lift and freehold flats (England, Wales, Northern Ireland).

Popular loan to value percentage ratios of Lloyds mortgages over 70s, HSBC mortgages over 70s, NatWest mortgages for over 70s, L&G pensioner mortgages over 70s, Royal Bank of Scotland lifetime mortgages for over 55s and Nationwide Building Society mortgages for people 60 plus are 45%, 60% and 70%.

Challenging to finance home titles can include properties built or converted into dwellings more than 10 years ago, properties with a single annexe or other self-contained part of the property, properties with a small number of solar panels or a wind turbine on the land for domestic use, properties with mobile phone masts which are not within influencing distance of the house and properties that have a private water supply provided a contract is in place with an approved maintenance company for regular testing and maintenance.

Tough to finance home titles include properties will be assessed for flood risk, properties close to mining works, areas of landfill, areas of recent flooding or subsidence, properties where there are boundary disputes or where planning applications have not been applied for correctly, mundic homes and concrete frame.

Loan to value for equity release?

You can achieve 70% of your property’s value. As an example, if your home is worth £200,000 you can release £140,000.

Pitfalls of Lifetime Mortgages

Lifetime mortgage with flexible drawdown cash release can reduce the value of your estate. Lifetime mortgage with flexible drawdown cash release may impact entitlements to benefits. You may need to pay a solicitor’s fee and you could be exposed to changes in interest rates with some products.

The lender will want to know if the property is a Detached freehold house or a Leasehold house and if the resident is an Private Tenant.

Liverpool Victoria LV= Lump Sum Plus Lifetime Mortgage
Nationwide Interest Only Lifetime Mortgage
HSBC Interest Only Lifetime Mortgage
Lloyds Bank Equity Release Schemes
TSB Lifetime Interest Only Mortgage
More to Life Tailored Choice Plan
Saga Lifetime Mortgage
Age Partnership Equity Release Plans
More 2 Life Capital Choice Plus Plan
TSB Equity Release Plans
Royal Bank of Scotland Interest Only Lifetime Mortgage
Bridgewater Lifetime Mortgage
Liverpool Victoria LV= Lump Sum Plus Lifetime Mortgage
More 2 Life Tailored Choice Plan
Pure Retirement Equity Release Plans
NatWest Equity Release
Aviva Flexible Voluntary Repayment Plan
Just retirement equity release key features
Stonehaven Equity Release
Nationwide Equity Release Plans
Lloyds Bank Equity Release Plans
More 2 Life Flexi Choice Voluntary Payment Super Lite
Age Partnership Interest Only Lifetime Mortgage

Equity Release percentages of your current property value

The more elderly you are and the more serious your illnesses you are the more tax free cash you can release.

Equity Release LTV

60% monthly payment equity release Old Mutual Wealth
45% loan to value (LTV) monthly payment equity release Prudential Lifetime
30% loan to value monthly payment equity release Central Trust
30% loan to value (LTV) home reversion plans Family Building Society
45% loan to value monthly payment lifetime mortgage Prudential
35% loan to value monthly payment equity release Shawbrook

Lowest cost lifetime mortgage options with no redemption penalties

A Halifax interest only lifetime mortgage can be the lowest rate way to finance your home in retirement without the problems compounded interest roll-up destroying more and more of your home equity.

Using a retirement interest-only mortgages Halifax can be the least expensive way to finance your home or second property.

Retired business owners that may be interested in Home Reversion Schemes

Growing of pome fruits and stone fruits Hendon
Risk and damage evaluation Blyth
Manufacture of earthmoving equipment Shoreham-by-Sea
Wholesale of metals and metal ores Cleobury Mortimer
Manufacture of photographic and cinematographic equipment Morpeth
Unlicensed restaurants and cafes Sprowston
Manufacture of other wearing apparel and accessories n e c Halesowen
Manufacture of paper and paperboard Bungay
General cleaning of buildings Leigh-on-Sea
Scheduled passenger air transport Rothwell
Removal services Bridgwater
Repair of watches, clocks and jewellery Ashton-under-Lyne
Artistic creation Ross-on-Wye
Cultural education Hyde
Renting and leasing of recreational and sports goods Cirencester
Packaging activities Filton
Dental practice activities Bishop Auckland
Electrical installation Oundle
Another retail sale in non-specialised stores Chippenham
Liquid milk and cream production Fordbridge
Freight rail transport Higham Ferrers
Production of coffee and coffee substitutes Barnoldswick
Manufacture of doors and windows of metal Kings Lynn

It’s very regular to encounter people looking for monthly payment equity release, monthly payment lifetime mortgage or lifetime mortgage with flexible drawdown cash release, however, More2Life like AIG Life are keen to see evidence of your personal circumstances in the form of pension statements.

Free No Obligation Quote

About You