Retirement Mortgage Declined

Continue to stay in your house
Could be used to help tax planning
Product not affected by corona virus-covid 19 crisis
All areas of the UK are acceptable
Freehold flats are acceptable

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:*

It’s usual to discover individuals looking for monthly payment life time mortgage, monthly payment lifetime mortgage or monthly payment equity release, however, Aviva like The Exeter Equity Release are keen to see paperwork to show your situation in the form of investment statements.

Pensioner Mortgage Declined

More 2 Life Tailored Choice Plan
Bridgewater Equity Release Plans
Just Retirement Interest Only Lifetime Mortgage
Lloyds Bank Equity Release Plans
TSB Lifetime Mortgage
Saga home reversion schemes
Age Partnership Lifetime Mortgage
L&G Legal & General Flexi Max Voluntary Repayment Plan
Liverpool Victoria LV Equity Release Plans
Age Partnership Equity Release Plans
Aviva Lifetime Mortgages
Canada Life Landlord Voluntary Select Plan
Hodge Lifetime Mortgage Flexible Drawdown Plan
L&G Legal & General Flexible Max Scheme
Nationwide Equity Release Schemes
Canada Life Landlord Voluntary Select Plan
More to Life Capital Choice Plus Plan
Pure Retirement Equity Release
HSBC Equity Release
TSB Equity Release Schemes
Saga home reversion schemes

Providers for Equity Release

Legal and General
Stonehaven
Bower

Drawbacks of Equity Release Schemes

Home reversion plans can reduce the value of your estate. Monthly payment life time mortgage may impact ability to get state benefits. You may need to pay a solicitor’s fee and you could be exposed to changes in interest rates with some products.

Successful business owners who could benefit from Home Reversion Scheme tax planning

Manufacture of photographic and cinematographic equipment Upton-upon-Severn
Wholesale of sugar and chocolate and sugar confectionery Cotgrave
Child day-care activities Minster
Freight transport by road Tipton
Other building completion and finishing Ulverston
Manufacture of railway locomotives and rolling stock Hebden Royd
Growing of sugar cane Hemsworth
Urban planning and landscape architectural activities Ampthill
Floor and wall covering Potton
Quarrying of ornamental and building stone, limestone, gypsum, chalk and slate Pocklington
Repair of other equipment Dawlish
Installation of industrial machinery and equipment Crowland
Other manufacturing n e c Horwich
Retail sale by opticians Wells-next-the-Sea
Central banking Maidenhead
Manufacture of non-electric domestic appliances Wellington
Distribution of gaseous fuels through mains Deal
Copper production Alston
Manufacture of other chemical products n e c Bottesford
Washing and dry- cleaning of textile and fur products Keynsham
Operation of historical sites and buildings and similar visitor attractions Hessle
Sale, maintenance and repair of motorcycles and related parts and accessories Sandown
Manufacture of air and spacecraft and related machinery Sedbergh

Equity Release LTV Percentages

The older you are and the sicker you are the more tax free cash you can release.

Areas where retirement mortgages are popular

Trowbridge
Spilsby
Woodbridge
Lowestoft
Bradninch
Wimbledon
Ponteland
New Alresford
Eastbourne
Royal Wootton Bassett
Cleator Moor
Fleetwood
Fordingbridge

Interest Only Lifetime Mortgages Declined

The mortgage lender will want to know if the property is a Detached freehold house or a Leasehold flat with share of freehold and if the resident is an Assured shorthold tenancy tenant.

What percentage can be released?

60% home reversion schemes AIG Life
40% loan to value monthly payment lifetime mortgage Crown
25% LTV home reversion schemes Spring Finance
25% LTV monthly payment equity release Chelsea Building Society
50% loan to value (LTV) interest-only lifetime mortgages Together Money
35% loan to value lump sum lifetime mortgages Shawbrook

More2Life Equity Release

LV Drawdown Lifetime Mortgages

Crown Equity Release

Hard to mortgage property variants can include properties in poor condition, age restricted properties, right to buy – properties in England, Wales and Northern Ireland, properties where the customer is offering only part of the title as security for the loan and properties owned under any form of shared equity scheme.

Some of the most popular pensioner loan products are Lloyds interest only mortgages for over 70s, Barclays Bank interest only mortgages for over 60s near London, NatWest mortgages for 60 plus, Legal and General interest only lifetime mortgages and Nationwide BS mortgages for 60 plus pensioners.

Difficult to finance home types can include Timber-framed properties constructed post 1965, properties with spray foam insulation applied to the underside of the roof, 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.

Common loan to value ratios of Lloyds Bank equity release schemes for people over 70, HSBC interest only lifetime mortgages for over 60s, Halifax mortgages for pensioners over 60, Legal & General later life interest only mortgages over 60, RBS later life interest only mortgages over 75 and Nationwide over 60 lifetime mortgages no fees are 40%, 60% and 65%.

Tough to mortgage property titles can include properties built or converted into dwellings more than 10 years ago, properties with room(s) or outbuilding(s) used for a small amount of personal commercial use, agricultural use of the land and any outbuildings, properties with mobile phone masts which are not within influencing distance of the house and properties where Japanese Knotweed is present.

Tough to mortgage home titles include properties with a sinking fund of 7% or more of the property sale price when the property is sold, properties close to mining works, areas of landfill, areas of recent flooding or subsidence, derelict property or where part of the building is in severe disrepair and needs demolishing, asbestos construction and missing planning permission or building regulations approval.

How much can I release?

You can release 70% of your home’s value. For example, if your home is worth £280,000 you can get £196,000.

Free No Obligation Quote

About You