Retirement Mortgage Category A & B Listings Scotland Listed

Remove tax-free money from your property
No monthly repayments
Use the money to keep another family member away from a high loan to value mortgage
Are you still paying a mortgage? That’s fine we can help
Continue to live in your own home
Lenders not affected by COVID 19
All parts of the UK are acceptable including Northern Ireland

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:*

It is very regular to discover individuals looking for lifetime mortgage with flexible drawdown cash release, monthly payment life time mortgage or home reversion plans, however, Key Retirement like VitalityLife Equity Release are keen to see evidence of your situation in the form of pension statements.

Pure Retirement

Just Mortgages

LV Retirement Mortgages

LV Equity Release

UK Providers for Equity Release

Age Concern
More to Life
Just Retirement

Disadvantages of Home Reversion Schemes

Monthly payment lifetime mortgage can reduce the value of your estate. Monthly payment equity release may impact ability to claim entitlements. You may need to pay a broker’s fee and you could be exposed to changes in interest rates with some products.

Equity release is common among small business owners like below

Activities of credit bureaus Burgh-le-Marsh
Sea and coastal passenger water transport Aldershot
Manufacture of machinery for textile, apparel and leather production Todmorden
Inland freight water transport North Walsham
Growing of other tree and bush fruits and nuts Brixham
Manufacture of brooms and brushes Poole
Growing of citrus fruits Yeovil
Manufacture of women’s underwear Clay Cross
Wholesale of hides, skins and leather Thatcham
Floor and wall covering Higham Ferrers
Retail trade of motor vehicle parts and accessories Tynemouth
Cold rolling of narrow strip Leatherhead
Production of electricity Cockermouth
Manufacture of steam generators, except central heating hot water boilers Elstree and Borehamwood
Repair of household appliances and home and garden equipment Honiton
Wholesale of perfume and cosmetics Barnard Castle
Manufacture of lifting and handling equipment Stonehouse
Manufacture of paper and paperboard Sutton Coldfield
Weaving of textiles Blandford Forum
Wholesale of dairy products, eggs and edible oils and fats Ludgershall
Other treatment of petroleum products excluding petrochemicals manufacture Bury St Edmunds
Mineral oil refining Dalton Town with Newton
Activities of households as employers of domestic personnel Petworth
Botanical and zoological gardens and nature reserves activities Ferndown
Manufacture of fibre cement Quedgeley
Operation of rail passenger facilities at railway stations Morecambe
Renting and leasing of other personal and household goods Farnham
Plastering Neston
Retail sale by opticians Surbiton

Equity Release LTV Percentages

60% interest-only lifetime mortgages Royal London Equity Release
60% LTV monthly payment lifetime mortgage Key Retirement
25% loan to value (LTV) interest-only lifetime mortgages Equifinance
30% LTV monthly payment equity release Virgin Money PLC

More 2 Life Capital Choice Plan
Liverpool Victoria LV Equity Release Plans
Pure Retirement Drawdown Plan
Royal Bank of Scotland Equity Release
Saga Lifetime Mortgage
Aviva Lifetime Mortgage
Canada Life Lifestyle Lite Flexi
Liverpool Victoria LV Equity Release Schemes
Pure Retirement Classic Drawdown Lite Plan
Liverpool Victoria LV= Flexible Lifetime Mortgage
Lloyds Bank Equity Release Plans
Royal Bank of Scotland Equity Release
Pure Retirement Drawdown Plan
HSBC Equity Release Plans
TSB Equity Release Schemes
Age Partnership Interest Only Lifetime Mortgage

Difficult to mortgage property types include properties in the course of construction or pre-construction, entirely tenanted properties, leasehold properties where the lease length is currently unacceptable, leasehold properties (with the exception of flats and maisonettes) and properties where the borrower(s) own the freehold with any connected party .

Some of the most popular pensioner finance products include TSB mortgages for over 60s, HSBC equity release plans, NatWest mortgages over 65, L&G later life mortgages and Nationwide interest only lifetime mortgages.

Hard to finance property types include properties with post 1945 asbestos or similar composition roof tiles , properties with single skin brickwork where the single skin comprises more than 20% of the surface area of the external walls, studio flats located within the M25, privately developed flats in blocks of five storeys or more and freehold flats (England, Wales, Northern Ireland).

Some of the most popular LTV ratios of Lloyds Bank mortgages over 65, HSBC mortgages for over 60s, Halifax interest only mortgages for over 60s, Legal and General over 60 lifetime mortgages, Royal Bank of Scotland lifetime mortgages for over 55s and Nationwide BS later life interest only mortgages over 70 are 40%, 60% and 65%.

Tough to mortgage home variants include properties built or converted into dwellings more than 10 years ago, properties with flying or creeping freehold which comprises 15% or less of the total floor area, grades l and ll* Listed Buildings in England & Wales (Grades A and B in Scotland; A, B+ and B1 in Northern Ireland), 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 adversely affected by existing or proposed issues including roads, rail, airports, power plants, power lines/pylons, wind turbines, sub stations, sewage works, quarries, fuel stations, refuse sites, sports grounds, noise, light or environmental pollution.

Challenging to finance home titles can include properties built on contaminated land, high service charges – properties where the Service Charge per annum at the time of application is more than 2% of the property value, some properties with sitting tenants or regulated tenancies, mundic homes and Airey, Boot, Cornish Unit, Dorran, Dyke, Gregory, Hamish Cross, Myton, Newland, Orlit and Parkinson Frame.

How much money can I borrow?

You can release 65% of your property’s value. As an example, if your home is worth £220,000 you can borrow £143,000.

Interest Only Lifetime Mortgages Category A & B Listings Scotland Listed

How much is it common to release from a home

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

Pensioner Mortgage Category A & B Listings Scotland Listed

Towns of the UK where Lifetime Mortgages are routine

Nailsworth
Abingdon-on-Thames
Bradley Stoke
Trowbridge
Driffield
Colne
Wincanton
Thornbury
North Hykeham
Westbury
Radstock
Christchurch
Hessle
Maldon
Chipping Norton
Adlington
Syston
Barrow-in-Furness
Redhill
Malmesbury
Newlyn

The 1st and 2nd charge lender will want to know if the property is a Semi detached freehold house or a Leasehold flat and if the resident is an Owner Occupier Primary Residence.

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