Retirement Mortgage Category C S Listing Scotland Listed

Remove money from your home
No need to make monthly payments
Help a family member buy their own home with a modest mortgage
Still, have a mortgage? We can help with that
2.18% Equity Release
Stay living in your own property for as long as you like
Could be used to manage inheritance tax bills
All parts of the UK are acceptable
All leasehold 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:*

Hard to mortgage home variants include properties in the course of construction or pre-construction, entirely tenanted properties, right to buy – properties in Scotland, leasehold properties (with the exception of flats and maisonettes) and freehold flats (England, Wales, Northern Ireland).

Common pensioner finance products include Lloyds Bank over 60 mortgages, HSBC later life mortgages, Post Office equity release schemes, Legal and General interest only mortgages for people over 60 and Nationwide Building Society later life interest only mortgages over 70.

Difficult to finance property variants include timber framed properties built before 1920, 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, coach houses i.e. freehold properties with garages beneath and flats above or adjacent to commercial premises.

Popular loan to value percentage ratios of TSB over 60 lifetime mortgages, Barclays Bank later life mortgages for over 70s, Halifax retirement interest only mortgages over 75, Legal & General pensioner mortgages over 60, RBS retirement mortgagesover 65 and Nationwide Building Society interest only retirement mortgages for over 70s are 50%, 55% and 65%.

Challenging to mortgage home variants can include flats of less than 30 square metres in any location, properties with a single annexe or other self-contained part of the property, use of the land and any outbuildings for a small amount of personal commercial use., properties that have solar farms or a large number of wind turbines on the land and properties with mobile phone masts which are within influencing distance of the house.

Tough to finance property titles can include rentcharges properties with a high estate rentcharge, leasehold properties with a short lease, typically less than 70 years, or a defective lease, derelict property or where part of the building is in severe disrepair and needs demolishing, corrugated iron construction and concrete panel houses.

How much can I borrow?

You can release 60% of your property’s valuation. As an example, if your house is valued at £190,000 you can get £123,000.

Areas where Lifetime Mortgages are routine

Fleet
Sandown
Seaton
Hastings
Great Dunmow
Dagenham
Witney
Alton
Long Sutton
Wadhurst
Elland
Gillingham

The 1st and 2nd charge lender will want to know if the property is a Semi detached freehold house or a Leasehold house and if the resident is an Assured shorthold tenancy tenant.

Aviva Equity Release Plans
More 2 Life Tailored Choice Plan
L&G Legal & General Flexible Lifetime Mortgage
Stonehaven Equity Release Scheme
Nationwide Equity Release
More2Life Capital Choice Plus Plan
Hodge Lifetime Mortgage Plus
L&G Legal & General Flexible Max Scheme
TSB Equity Release Plans
More2Life Flexi Choice Voluntary Payment Super Lite
Stonehaven Interest Select Plan
Lloyds Bank Lifetime Mortgage
Liverpool Victoria LV Equity Release
Stonehaven Interest Only Lifetime Mortgage
Lloyds Bank Equity Release Schemes

Hodge Lifetime

Legal and General Retirement Mortgages

One Family Lifetime Mortgages

What percentage can be released?

50% interest-only lifetime mortgages AA equity release
50% loan to value (LTV) lumpsum lifetime mortgages 1st Stop Home Loans
60% loan to value (LTV) lifetime mortgage with flexible drawdown cash release 1st Stop Home Loans
30% LTV interest-only lifetime mortgages Fleet Mortgages

Pensioner Mortgage Category C S Listing Scotland Listed

Equity Release LTV

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

It’s usual to discover individuals looking for interest-only lifetime mortgages, monthly payment lifetime mortgage or monthly payment equity release, however, Age Concern like Old Mutual Wealth are keen to see proof of your personal circumstances in the form of bank statements.

Lenders for Equity Release

Legal and General
Bridgewater
Legal and General
LV equity release

Pitfalls of Home Reversion Schemes

Lump-sum lifetime mortgages can reduce the value of your estate. Lifetime mortgage with flexible drawdown cash release may impact the ability to get state benefits. You may need to pay a legal fee and you could be exposed to changes in interest rates with some products.

Wealthy business owners who could benefit from equity release estate planning

Manufacture of paper stationery Eccles
Management consultancy activities other than financial management Fordingbridge
Other retail sale not in stores, stalls or markets Newbury
Manufacture of other rubber products Wadebridge
Extraction of salt Crowland
Raising of other animals Kingsteignton
Construction of water projects Luton
Processing and preserving of poultry meat Acton
Manufacture of batteries and accumulators Somerton
Treatment and coating of metals Bromley
Sports and recreation education St Columb Major
Manufacture of oils and fats Swanscombe and Greenhithe
Manufacture of other fabricated metal products n e c Stone
Wholesale of coffee, tea, cocoa and spices Daventry
Postal activities under universal service obligation Spennymoor
Development of building projects Carterton
Other software publishing Totnes
Printing of newspapers Cromer
Manufacture of flat glass Tonbridge
Other non-ferrous metal production Clay Cross
Other service activities incidental to land transportation, n e c Cricklade
Casting of other non-ferrous metals Billericay
Manufacture of bread; manufacture of fresh pastry goods and cakes Colburn
Manufacture of other articles of concrete, plaster and cement Clun
Sawmilling and planing of wood Cleethorpes
Other processing and preserving of fruit and vegetables Henley-in-Arden

Lifetime Mortgage Category C S Listing Scotland Listed – 2.18% Equity Release

Free No Obligation Quote

About You