Release money from your house
Not necessary to make regular monthly payments
Use the money for anything you like
Still, have a mortgage? No problems
Continue to live in your own house
Can be used to help tax planning

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

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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:*

Pensioner Mortgage Coventry Building Society

Aviva Drawdown Lifetime Mortgages

Canada Life

One Family Mortgages

Do Coventry Building Society offer mortgages up to 85?

Yes, Coventry Building Society does mortgages up to 85 at 1.92% MER. Coventry Building Society mortgages up to 85 can have a LTV of 65%.

Do Coventry Building Society offer later life lending to Under 55?

Yes, Coventry Building Society later life lending Under 55 is 2.21% APRC.

Do Coventry Building Society offer mortgages over 70?

Yes, Coventry Building Society mortgages over 70 are 2.17% APRC.

Does Coventry Building Society do mortgages over 75?

Yes, Coventry Building Society mortgages over 75 are 1.82% APR.

Do Coventry Building Society offer later life lending?

Yes, Coventry Building Society later life lending is 1.96% APR.

What are the current Coventry Building Society rates for retirement mortgages?

Coventry Building Society rates for retirement mortgages are 2.05% MER.

Do Coventry Building Society have favourable reviews for pensioner mortgages?

Yes, Coventry Building Society reviews are commendable for pensioner mortgages.

Does the Coventry Building Society rio mortgage calculator show the loan to value (ltv)?

Yes, the Coventry Building Society RIO mortgage calculator shows a favourable loan to value (ltv) of 70%.

Does a Coventry Building Society retirement interest only mortgage advisor charge a substantial fee?

No, Coventry Building Society retirement interest only mortgage advisors are free.

Does Coventry Building Society do mortgages over 60?

Yes, Coventry Building Society mortgages over 60 are 2.08% APR.

Does Coventry Building Society do mortgages over 55?

Yes, Coventry Building Society mortgages over 55 are 2.28% MER.

Just Mortgages

Aviva Mortgages

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

Interest Only Lifetime Mortgages Coventry Building Society

Wealthy business owners who could benefit from equity release estate planning

Manufacture of machinery for mining Weybridge
Manufacture of other machine tools Leyland
Retail sale of clothing in specialised stores Swaffham
Urban and suburban passenger railway transportation by underground, metro and similar systems Blyth
Casting of light metals Bideford
Manufacture of bearings, gears, gearing and driving elements Mere
Wholesale of fruit and vegetables Northfleet
Activities of professional membership organizations Kirkby-in-Ashfield
Retail sale of books in specialised stores Fordingbridge
Manufacture of rusks and biscuits; manufacture of preserved pastry goods and cakes Sleaford
Television programming and broadcasting activities Dunwich
Retail sale of automotive fuel in specialised stores Weston-super-Mare
Plumbing, heat and air-conditioning installation Shepton Mallet
Manufacture of other chemical products n e c Ashford
Manufacture of prepared feeds for farm animals Norton-on-Derwent
Building of ships and floating structures Huddersfield
Management of real estate on a fee or contract basis Carnforth
Cutting, shaping and finishing of stone Brandon
Manufacture of optical precision instruments Watchet
Service activities incidental to water transportation Wallingford
Growing of tropical and subtropical fruits Malton
Other accommodation Earby
Activities of unit trusts Chorley
Production of abrasive products Burnham-on-Crouch
Cold forming or folding Watlington

How much is it common to release from a home

The more elderly you are and the sicker you are the more tax free money you can release.

What percentage can be released?

55% home reversion schemes The Exeter Equity Release
40% loan to value home reversion schemes Shawbrook
55% LTV interest-only lifetime mortgages Precise
30% loan to value (LTV) home reversion schemes Secure Trust Bank

Towns in the UK where retirement mortgages are routine

Scunthorpe
Wincanton
Stamford
Westhoughton
Stanley
Rugby
Skegness
Kempston
Dunstable
Oldbury
Southminster
Burslem
Hunstanton

Drawbacks of Home Reversion Plans

Monthly payment life time mortgage can reduce your estate value. Home reversion schemes may impact entitlements to benefits. You may need to pay a legal fee and you could have higher rates to pay with some schemes.

Equity Release Scheme Providers

More2Life
Norwich Union
Sunlife Plans

It is common to discover people looking for home reversion schemes, monthly payment life time mortgage or interest-only lifetime mortgages, however, Aviva like Legal & General are keen to see paperwork to show your personal situation in the form of investment statements.

Hodge Lifetime Flexible Voluntary Repayment Plan
HSBC Interest Only Lifetime Mortgage
TSB Equity Release Plans
Age Partnership Equity Release Plans
Hodge Equity Release Plans
Liverpool Victoria LV Equity Release
More to Life Tailored Choice Plan
HSBC Equity Release Schemes
Lloyds Bank Equity Release Schemes
More 2 Life Flexi Choice Drawdown Lite Plan
More2Life Capital Choice Plan
Bridgewater Equity Release Plans
Just retirement defined benefit
Liverpool Victoria LV= Lump Sum Plus Lifetime Mortgage
HSBC Lifetime Mortgage
Royal Bank of Scotland Equity Release Plans
Just retirement equity release key features
L&G Legal & General Flexible Max Scheme
Liverpool Victoria LV= Lump Sum Plus Lifetime Mortgage
Stonehaven Interest Select Plan
Royal Bank of Scotland Equity Release Schemes
Saga home reversion plan
More 2 Life Tailored Choice Plan

Hard to finance home types can include properties in poor condition, properties where the ownership is set up on a tenancy in common basis, right to buy – properties in England, Wales and Northern Ireland, crofted houses and freehold flats (England, Wales, Northern Ireland).

Popular pensioner mortgage products are Lloyds Bank mortgages for pensioners, HSBC later life mortgages, NatWest interest only mortgages for over 65 year olds, Legal & General interest only mortgages for people over 70 and Nationwide BS over 60 lifetime mortgages.

Difficult to mortgage property variants include pre-fabricated reinforced concrete (PRC), properties with single skin brickwork where the single skin comprises more than 20% of the surface area of the external walls, 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 popular loan to value ratios of TSB interest only mortgages for over 65 year olds, HSBC interest only mortgages for over 60s near London, Halifax help to buy for over 60s, Legal & General mortgages for over 60s, Royal Bank of Scotland mortgages for 60 plus pensioners and Nationwide BS interest only lifetime mortgages for people over 60 are 45%, 60% and 70%.

Tough to mortgage property titles include flats of less than 30 square metres in any location, properties with grounds in excess of five acres, properties without direct access to an adopted highway or which are accessed over an unmade road, 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.

Challenging to finance home variants include properties built on contaminated land, leasehold properties with a short lease, typically less than 70 years, or a defective lease, property is uninhabitable, asbestos construction and Airey, Boot, Cornish Unit, Dorran, Dyke, Gregory, Hamish Cross, Myton, Newland, Orlit and Parkinson Frame.

How much cash can I borrow?

You can get 70% of your property’s value. For example, if your house is valued at £270,000 you can borrow £162,000.

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