Remove tax free equity from your house
No monthly repayments
Use the money to keep another family member away from a high LTV mortgage
Still, have a mortgage? We can help with that
Continue to stay in your home
Can be used to manage inheritance tax bills
No brokers fees
Pre-fabricated properties are OK

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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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*
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Date of Birth*
Your Email Address:*
Phone Number*
First Line Of Your Address:*
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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 Cynergy Bank

Does Cynergy Bank offer mortgages up to 85?

Yes, Cynergy Bank does mortgages up to 85 at 1.96% MER. Cynergy Bank mortgages up to 85 can have a loan to value of 70%.

Do Cynergy Bank offer later life lending to Under 55?

Yes, Cynergy Bank later life lending Under 55 is 2.15% APRC.

Do Cynergy Bank do mortgages over 70?

Yes, Cynergy Bank mortgages over 70 are 2.1% APR.

Do Cynergy Bank offer mortgages over 75?

Yes, Cynergy Bank mortgages over 75 are 2.02% MER.

Does Cynergy Bank do later life lending?

Yes, Cynergy Bank later life lending is 2.11% APR.

What are Cynergy Bank rates for retirement mortgages?

Cynergy Bank interest rates for retirement mortgages are 2.05% APR.

Does Cynergy Bank have positive reviews for pensioner mortgages?

Yes, Cynergy Bank reviews are splendid for pensioner mortgages.

Does the Cynergy Bank rio mortgage calculator show the LTV?

Yes, the Cynergy Bank RIO mortgage calculator shows a positive LTV of 75%.

Does a Cynergy Bank retirement interest only mortgage advisor charge a big fee?

No, Cynergy Bank retirement interest only mortgage advisors are free.

Do Cynergy Bank do mortgages over 60?

Yes, Cynergy Bank mortgages over 60 are 2.16% APRC.

Do Cynergy Bank do mortgages over 55?

Yes, Cynergy Bank mortgages over 55 are 2.01% APRC.

Interest Only Lifetime Mortgages Cynergy Bank

It’s usual to find individuals seeking out lumpsum lifetime mortgages, monthly payment lifetime mortgage or home reversion schemes, however, Sunlife Plans like Royal London Equity Release are keen to see proof of your personal circumstances in the form of investment statements.

Areas of the UK where equity release is routine

Penistone
Yarmouth
Nailsea
Sudbury
Bingley
Mossley
Wickham
North Petherton
Dorchester
Stevenage
Dunstable
Wragby
Halifax
Southwold
Blyth
Watford
Corbridge
Loftus

Equity Release Providers

Age Concern
LV equity release
Key Solutions

Equity release is common among small business owners like below

Manufacture of pharmaceutical preparations Northampton
Manufacture of veneer sheets and wood-based panels Swanley
Manufacture of electronic industrial process control equipment Withernsea
Retail sale of books in specialised stores Watchet
Activities of tourist guides Leigh
Manufacture of cocoa and chocolate confectionery Bebington
Wholesale of hardware, plumbing and heating equipment and supplies Bexhill-on-Sea
Post-harvest crop activities Mildenhall
Manufacture of starches and starch products Dover
Plastering Alfreton
Raising of dairy cattle Basingstoke
Other telecommunications activities Southall
Life reinsurance Wadhurst
Non-specialised wholesale trade Moreton-in-Marsh
Retail sale of hearing aids Coleford
Museums activities Chapel-en-le-Frith
Financial management Framlingham
Wholesale of live animals Brentwood
Manufacture of dyes and pigments Knaresborough
Renting and leasing of construction and civil engineering machinery and equipment Ross-on-Wye
Post-graduate level higher education Eastbourne
Extraction of crude petroleum Cowes
Activities of open-ended investment companies Winterton
Test drilling and boring Royston
Photocopying, document preparation and other specialised office support activities Pudsey
Wholesale of musical instruments Ashton-under-Lyne

Disadvantages of Lifetime Mortgages

Monthly payment equity release can reduce the value of your estate. A monthly payment lifetime mortgage may impact entitlements to benefits. You may need to pay a broker’s fee and you could have higher rates to pay with some schemes.

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 a Private Tenant.

Equity Release Loan To Value

The more elderly you are and the unhealthier you are the more money you can release.

Aviva Lifetime Mortgages
Pure Retirement Classic Drawdown Lite Plan
Saga Lifetime Mortgage
Hodge Lifetime Mortgage Flexible Drawdown Plan
Just retirement defined benefit
Nationwide Equity Release
HSBC Lifetime Mortgage
Saga Equity Release Schemes
Just Retirement Interest Only Lifetime Mortgage
Pure Retirement Equity Release Plans
HSBC Lifetime Mortgage
Saga Lifetime Mortgage
Bridgewater Equity Release Plans
Pure Retirement Drawdown Plan
HSBC Interest Only Lifetime Mortgage

Equity Release percentages of your current property value

60% home reversion schemes Fortify Insurance Solutions
40% loan to value monthly payment lifetime mortgage United Trust Bank
60% loan to value monthly payment equity release Lifetime Mortgage from L&G
40% loan to value lifetime mortgage with flexible drawdown cash release Pure Retirement

Aviva Mortgages

Canada Life

Crown Retirement Mortgages

More2Life Lifetime Mortgages

LV Equity Release

Difficult to mortgage property types include properties currently undergoing substantial alterations, extensions or repairs, entirely tenanted properties, right to buy – properties in Scotland, properties where the customer is offering only part of the title as security for the loan and properties with single skin brickwork.

Common retirement loan offerings are Lloyds retirement interest only mortgages, Barclays Bank later life interest only mortgages over 60, Halifax mortgages for 60 year olds, Legal and General pensioner mortgages and Nationwide mortgages for people 60 plus.

Hard to mortgage property types can include eco houses and modern methods of construction, timber framed properties built between 1920 and 1965, steel frame/clad properties built before 1990, studio flats outside the M25 and basement or lower ground floor flats with level access to private or communal garden space.

Some of the most popular loan to value ratios of Lloyds Bank later life borrowing schemes over 55, HSBC pensioner mortgages over 70s, Post Office pensioner mortgages over 55, Legal and General mortgages over 70s, Bank of Scotland retirement mortgages over 70 and Nationwide over 60 lifetime mortgages are 35%, 55% and 70%.

Tough to mortgage home variants include properties with outbuildings used for normal domestic purposes (garage, workshop, stables, barn etc), properties with room(s) or outbuilding(s) used for a small amount of personal commercial use, 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 where Japanese Knotweed is present.

Challenging to finance property variants can include properties built on contaminated land, properties with any kind of structural defect, damp, dry or wet rot, properties with structural problems, cob property and missing planning permission or building regulations approval.

How much can I borrow?

You can get 65% of your property’s value. For example, if your home is valued at £320,000 you can release £192,000.

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