Lifetime Mortgage Converted Flats Or Maisonettes

Retirement Mortgage Converted Flats Or Maisonettes
  • No regular monthly repayments
  • Are you still paying a mortgage? That’s fine we can help
  • Continue to stay in your home for as long as you like

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

  • Please enter a number from 6000 to 2000000.
  • About You

Not interested in equity release? Do you just want a conventional mortgage at 3.97% regardless of your age please Click Here

equity release
pensioner mortgages interest only
lifetime mortgage interest only
  • Free No Obligation Quote

  • Please enter a number from 10000 to 2000000.
  • About You

pensioner mortgages
Over 65
lifetime mortgage interest only

It is often found to encounter people seeking out monthly payment life time mortgage, lumpsum lifetime mortgages or interest-only lifetime mortgages, however, Key Solutions like AIG Life are keen to see evidence of your personal circumstances in the form of bank statements.

How much is it common to release from a home

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

more 2 life joint lifetime mortgage
Legal & General - Flexible Yellow
Canada Life - Lifestyle Gold

Pensioner Mortgage Converted Flats Or Maisonettes

Legal & General Home Finance lifetime mortgage
Canada LIfe - Interest Select Gold Flexi
Canada Life Home Finance lifetime mortgage

Successful business owners who could benefit from equity release estate planning

  • Agents involved in the sale of a variety of goods Buckingham
  • Manufacture of ready-mixed concrete Warrington
  • Publishing of newspapers Ilkeston
  • Repair of watches, clocks and jewellery Bridgnorth
  • Wholesale of sugar and chocolate and sugar confectionery Macclesfield
  • Manufacture of prepared pet foods Hertford
  • Manufacture of industrial gases Eton
  • Operation of gravel and sand pits; mining of clays and kaolin West Mersea
  • Building societies Appleby-in-Westmorland
  • Event catering activities Bedale
  • Repair of household appliances and home and garden equipment Poole
  • Manufacture of bearings, gears, gearing and driving elements Stafford
  • Mining of other non-ferrous metal ores Darlington
  • Other retail sale of new goods in specialised stores not commercial art galleries and opticians Berkeley
  • Lead, zinc and tin production Fowey
  • Manufacture of flat glass Shifnal
  • Administration of financial markets Dawlish
  • Wholesale of other machinery and equipment Hingham
  • Sale of used cars and light motor vehicles Stanley
  • Raising of camels and camelids Barnes
  • Repair of fabricated metal products Crawley
  • Renting and leasing of freight water transport equipment Oldham
  • Manufacture of electric domestic appliances Moretonhampstead
  • Manufacture of other technical and industrial textiles Faversham
  • Activities of other membership organizations n e c Dover
  • Research and experimental development on social sciences and humanities Swaffham
  • Wholesale of live animals Ilminster

Areas where Lifetime Mortgages are common

  • Dover
  • Hornsey
  • Ashbourne
  • Midhurst
  • Keswick
  • Hyde
  • Edgware
  • Jarrow
  • Greater Willington
  • Blackburn
  • Burnham-on-Crouch
  • Bradninch
  • Walton-on-Thames
  • Longtown
  • Pudsey
  • Ealing
  • Redhill
  • Grassington
  • Neston
  • Reigate
  • Chipping Norton

Downsides of Equity Release Plans

Lump sum lifetime mortgages can reduce the inheritance for your family. Monthly payment equity release may impact ability to claim benefits. You may need to pay a valuation fee and you could have higher rates to pay with some schemes.

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

  • More 2 Life Tailored Choice Plan
  • Just Retirement Interest Only Lifetime Mortgage
  • Stonehaven Interest Select Plan
  • Lloyds Bank Equity Release Schemes
  • Saga Equity Release Schemes
  • Aviva Lifetime Mortgages
  • Canada Life Equity Release
  • Pure Retirement Drawdown Plan
  • Nationwide Equity Release Schemes
  • HSBC Equity Release Plans
  • NatWest Equity Release Plans
  • More2Life Tailored Choice Plan
  • Hodge Lifetime Flexible Voluntary Repayment Plan
  • Stonehaven Lifetime Mortgage
  • Canada Life Voluntary Select Gold
  • Stonehaven Equity Release Plan
  • HSBC Lifetime Mortgage
  • TSB Lifetime Interest Only Mortgage
  • Royal Bank of Scotland Interest Only Lifetime Mortgage
  • Saga Equity Release Schemes
Interest Only Lifetime Mortgages Newbury Building Society Mortgages in 2024

Interest Only Lifetime Mortgages Converted Flats Or Maisonettes

Canada Life Drawdown Lifetime Mortgages

Crown Drawdown Lifetime Mortgages

One Family Retirement Mortgages

Equity Release LTV Percentages

  • 50% monthly payment life time mortgage Fortify Insurance Solutions
  • 45% loan to value lump sum lifetime mortgages Santander
  • 40% loan to value home reversion plans Optimum Credit
  • 50% loan to value (LTV) home reversion schemes Sunlife Plans
  • 45% loan to value (LTV) lumpsum lifetime mortgages Optimum Credit
  • 25% loan to value home reversion schemes Dudley Building Society
RIO First Active in 2024

UK Providers for Equity Release

  • Key Retirement
  • Pure Retirement
  • Bower

Hard to finance home types include properties in the course of construction or pre-construction, age restricted properties, feuhold/freehold properties (including flats) in Scotland, commonhold properties and properties owned under any form of shared equity scheme.

Some of the most common pensioner loan products are TSB mortgages for over 65, Barclays retirement mortgages, NatWest later life mortgages, L&G equity release plans and Nationwide BS mortgages for over 50 year olds.

Difficult to mortgage property variants can include Timber-framed properties constructed post 1965, properties with spray foam insulation applied to the underside of the roof, properties with minimum floor area of 30 square metres, studio flats outside the M25 and properties where the flat is accessed via a deck or balcony.

Some of the most common loan to values of Lloyds Bank over 60 mortgages, Barclays Bank over 60 lifetime mortgages no fees, Halifax mortgages for 60 year olds, Legal & General over 60 mortgages, Bank of Scotland over 60 lifetime mortgages no fees and Nationwide BS mortgages for over 50 year olds are 50%, 55% and 70%.

Tough to finance home titles can include flats of less than 30 square metres in any location, properties with grounds in excess of five acres, properties with more than one annexe or self-contained part of the property, properties that are being used for personal commercial use 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 titles include rentcharges properties with a high estate rentcharge, high service charges – properties where the Service Charge per annum at the time of application is more than 2% of the property value, property is uninhabitable, cob property and properties that has never been registered with the land registry.

How much can I borrow?

You can borrow 65% of your property’s value. For example, if your home is worth £210,000 you can borrow £126,000.