Remove tax-free money from your home
Not necessary to make regular monthly payments
Use the money to buy another property
Are you still paying a mortgage? No problems
Continue to live in your own house
Often used as a vehicle to reduce tax bills

If you don’t want a lifetime mortgage or equity release and want a standard 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 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:*

Areas of the UK where equity release is common

Beaconsfield
Wimborne Minster
Eastwood
Ashby-de-la-Zouch
Berkeley
Hunstanton
St Austell
Winterton
Bishops Waltham
Holbeach
Great Yarmouth
Rushden
Bampton
Hayle
Romsey
Burford

It’s usual to encounter people seeking out home reversion schemes, monthly payment lifetime mortgage or monthly payment equity release, however, More2Life like Aegon are keen to see paperwork to show your situation in the form of investment statements.

The lender will want to know if the property is a Freehold terraced house or a Leasehold flat and if the resident is an Assured shorthold tenancy tenant.

Equity Release percentages of your current property value

The more elderly you are and the sicker you are the more cash you can release.

Equity Release LTV Percentages

60% lifetime mortgage with flexible drawdown cash release Royal London Equity Release
25% LTV home reversion plans Keystone
25% loan to value lumpsum lifetime mortgages Precise Mortgages

UK Lenders for Equity Release

Legal and General
Prudential
Age Concern
Maximum cover Equity Release

Downsides of Lifetime Mortgages

Home reversion plans can reduce the inheritance for your family. Monthly payment equity release may impact ability to claim entitlements. You may need to pay a broker’s fee and some products expose you to changes in interest rates.

Hodge Lifetime Equity Release

Legal and General Lifetime Mortgages

Hard to mortgage home variants can include properties in poor condition, properties where the ownership is set up on a tenancy in common basis, freehold houses and bungalows (England, Wales, Northern Ireland), commonhold properties and properties with owned solar panels.

Common pensioner finance products are Lloyds Bank lifetime mortgages, Barclays retirement interest-only mortgages, Post Office mortgages over 70s, Legal & General interest-only mortgages for people over 70 and Nationwide pensioner mortgages over 70s.

Difficult to finance home types can 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, steel frame/clad properties built before 1990, studio flats outside the M25 and basement or lower ground floor flats without level access to private or communal garden space.

Some of the most popular LTV percentages of TSB over 60 lifetime mortgages, HSBC mortgages for 60 year olds, NatWest retirement mortgages over 60, Legal and General interest only mortgages for over 65 year olds, RBS interest only mortgages for over 70s and Nationwide retirement mortgages over 70 are 40%, 55% and 70%.

Tough to mortgage home variants can include properties built or converted into dwellings more than 10 years ago, properties converted from modern commercial premises, agricultural use of the land and any outbuildings, properties with mobile phone masts which are not within influencing distance of the house 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.

Challenging to finance home variants include properties with legal agreements such as Overage, Clawback, Option, Pre-emption, or any onerous Restrictive Covenant, ground rent where the lease or any deed varying the lease provides for a ground rent exceeding, or where the escalating provisions would result in the ground rent exceeding £250 per annum (or £1000 per annum where the property is in Greater London), properties with structural problems, asbestos construction and concrete frame.

How much money can I borrow?

You can release 70% of your home’s value. As an example, if your house is valued at £210,000 you can get £126,000.

Just Lifetime Mortgages

Crown Drawdown Lifetime Mortgages

Hodge Lifetime Mortgages

More 2 Life Flexi Choice Voluntary Payment Super Lite
Bridgewater Equity Release Plans
More2Life Capital Choice Plan
HSBC Lifetime Mortgage
Royal Bank of Scotland Equity Release Schemes
Bridgewater Equity Release Schemes
Canada Life Lifestyle Gold Flexi
Liverpool Victoria LV Equity Release Schemes
HSBC Equity Release
NatWest Equity Release Plans
More2Life Capital Choice Plus Plan
Bridgewater Lifetime Mortgage
Hodge Lifetime Flexible Drawdown Plan
More to Life Flexi Choice Voluntary Payment Super Lite
NatWest Equity Release Plans
Royal Bank of Scotland Equity Release Schemes
Canada Life Lifetime Mortgage
NatWest Equity Release
Royal Bank of Scotland Interest Only Lifetime Mortgage
More 2 Life Flexi Choice Drawdown Lite Plan

Business owners details likely with equity to release – Coutts mortgage rates

Production of meat and poultry meat products Holt
Botanical and zoological gardens and nature reserves activities Shifnal
Wholesale of household goods other than musical instruments n e c Harlow
Manufacture of other fabricated metal products n e c Corbridge
Forging, pressing, stamping and roll-forming of metal; powder metallurgy Rayleigh
Manufacture of plastic packing goods Market Bosworth
Production of coffee and coffee substitutes East Ham
Window Cleaning Services Harwich
First-degree level higher education Bishops Stortford
Repair of consumer electronics Queenborough-in-Sheppey
Wholesale of wood, construction materials and sanitary equipment Egremont
Television programme distribution activities Grantham
Life insurance Lydd
Manufacture of sugar confectionery Cinderford
Manufacture of fertilizers and nitrogen compounds St Mary Cray
Wholesale of live animals Selsey
Security systems service activities Hemel Hempstead
Manufacture of oils and fats Loftus
Motion picture, video and television programme post-production activities Wickwar
Building of ships and floating structures Hexham
Event catering activities Yate
Marine aquaculture Orford
Precious metals production Skelmersdale