Lifetime Mortgage Drawdown option

Retirement Mortgage Drawdown

  • Remove tax-free cash from your house
  • Help your family with the equity you release
  • Still, have a few more mortgages payments to make? We can help with that
  • Can help tax planning
  • Lender not impacted by corona virus crisis
  • No lender fees
  • All areas of the UK are acceptable including Northern Ireland
  • Non-standard property types 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

  • 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

lifetime mortgage interest only
Under 55
Over 55
lifetime mortgage interest only rates

  • Free No Obligation Quote

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

retirement mortgage
lifetime mortgage interest only
interest only mortgage rates
lifetime mortgage interest only

Pensioner Mortgage Drawdown

 

  • Aviva Flexible Voluntary Repayment Plan
  • More 2 Life Capital Choice Plan
  • Canada Life Lifetime Mortgages
  • Just Retirement Equity Release
  • HSBC Equity Release Plans
  • NatWest Equity Release Plans
  • More to Life Tailored Choice Plan
  • Age Partnership Interest Only Lifetime Mortgage
  • More2Life Tailored Choice Plan
  • Hodge Lifetime Flexible Drawdown Plan
  • Just Retirement Equity Release
  • Pure Retirement Equity Release
  • Lloyds Bank Lifetime Mortgage
  • TSB Equity Release Plans
  • Saga Equity Release Schemes
  • Hodge Lifetime Flexible Drawdown Plan
  • More 2 Life Flexi Choice Voluntary Payment Super Lite
  • NatWest Lifetime Mortgage
  • Aviva Equity Release Plans
  • Hodge Lifetime Mortgage Flexible Drawdown Plan
  • Liverpool Victoria LV Equity Release Plans
  • Stonehaven Interest Select Plan
  • More 2 Life Capital Choice Plan

 

Areas where equity release is routine

  • Soham
  • Broughton
  • Fordwich
  • Ellesmere Port
  • Sherborne
  • Midsomer Norton
  • Hartlepool
  • Bishop Auckland
  • Ingleby Barwick
  • Settle
  • Atherstone
  • Malton
  • Staines-upon-Thames
  • Buntingford
  • Blyth
  • Stevenage
  • South Brent
  • Leyland
  • Eye
  • Portland
  • Maldon

Interest Only Lifetime Mortgages Drawdown

Interest Only Lifetime Mortgages Precast Reinforced Concrete Prc Properties for 2023

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

Wealthy business owners who could benefit from equity release tax planning

  • Other processing and preserving of fruit and vegetables Crediton
  • Packaging activities Minster
  • Manufacture of soft furnishings Bournemouth
  • Manufacture of knitted and crocheted fabrics Weybridge
  • Educational support services Ipswich
  • Manufacture of motor vehicles Braintree
  • Manufacture of concrete products for construction purposes Witney
  • Extraction of natural gas Godalming
  • Mining of lignite Littlehampton
  • Manufacture of printed labels Carterton
  • specialised design activities Mirfield
  • Manufacture of other carpets and rugs Brighouse
  • Child day-care activities Alton
  • Casting of other non-ferrous metals Dawley
  • Freshwater aquaculture Teignmouth
  • Manufacture of non-domestic cooling and ventilation equipment Wadhurst
  • Retail sale of hearing aids Todmorden
  • Non-scheduled passenger air transport West Bedlington
  • Growing of citrus fruits West Mersea
  • Other social work activities without accommodation n e c Buckfastleigh
  • Distribution of gaseous fuels through mains Padiham
  • Repair of consumer electronics Southborough
  • Manufacture of locks and hinges Rochester
  • Other retail sale of new goods in specialised stores not commercial art galleries and opticians Shildon
  • Manufacture of bearings, gears, gearing and driving elements Wilmslow

 

Equity Release LTV

  • 50% interest-only lifetime mortgages Maximum cover Equity Release
  • 55% loan to value (LTV) monthly payment life time mortgage Paragon Personal Finance
  • 30% LTV monthly payment equity release Together
  • 60% loan to value (LTV) lifetime mortgage with flexible drawdown cash release Legal and General
  • 35% loan to value lump sum lifetime mortgages Prudential

 

Equity Release Providers

  • Lifetime Mortgage from L&G
  • Bridgewater
  • Key Retirement

 

 

Equity Release Loan To Value

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

Drawbacks of Lifetime Mortgages

Home reversion plans can reduce the inheritance for your family. Lump sum lifetime mortgages may impact entitlements to benefits. You may need to pay an advisor’s fee and some products expose you to changes in interest rates.

Bad Credit Mortgages Foundation Home Loans in 2023

It’s very regular to discover individuals looking for monthly payment life time mortgage, lumpsum lifetime mortgages or home reversion schemes, however, Age Partnership like Fortify Insurance Solutions are keen to see evidence of your situation in the form of bank statements.

Canada Life - Lifestyle Gold

Canada Life Home Finance lifetime mortgage

Legal & General - Flexible Pink

Just lifetime mortgage

Aviva lifetime mortgage

More2Life - Tailored Choice Plan

More2Life Lifetime Mortgages

Just Mortgages

Aviva

Canada Life Mortgages

Hard to finance property types can include properties in the course of construction or pre-construction, entirely tenanted properties, feuhold/freehold properties (including flats) in Scotland, crofted houses and properties with single skin brickwork .

Many of the most appealing retirement finance offerings are TSB later life interest only mortgages, Barclays Bank mortgages for people over 50, NatWest mortgages for pensioners, Legal and General equity release plans and Nationwide Building Society equity release schemes.

Hard to finance home variants can include timber framed properties built before 1920, properties with pre 1945 asbestos or similar composition roof tiles, steel frame/clad properties built before 1990, privately developed flats in blocks of five storeys or more and basement or lower ground floor flats without level access to private or communal garden space.

Popular LTV percentages of TSB equity release plans for people over 60, HSBC interest only mortgages for over 70s, Post Office mortgages for people 60 plus, L&G retirement mortgages over 60, Bank of Scotland remortgages for people over 50 years old and Nationwide BS interest only mortgages for people over 60 are 50%, 60% and 70%.

Tough to mortgage property variants can include properties with land in addition to the domestic grounds up to a maximum property size of five acres, where the land is for normal domestic use, properties converted from modern commercial premises, properties with a small number of solar panels or a wind turbine on the land for domestic use, properties where there is a self-contained part of the property or annexe, i.e. basement flat etc and properties adversely affected by existing or proposed issues including roads, rail, airports, power plants, power lines/pylons, wind turbines, sub stations, sewage works, quarries, fuel stations, refuse sites, sports grounds, noise, light or environmental pollution.

Tough to finance property variants include properties with a sinking fund of 7% or more of the property sale price when the property is sold, high service charges – properties where the Service Charge per annum at the time of application is more than 2% of the property value, properties with structural problems, asbestos construction and properties that has never been registered with the land registry.

How much money can I borrow?

You can borrow 70% of your property’s value. As an example, if your home is valued at £260,000 you can get £169,000.