Lifetime Mortgage Ex Local Authority Flats Or Maisonettes

Retirement Mortgage Ex Local Authority Flats Or Maisonettes
  • Remove tax-free money from your home
  • No need to make regular monthly payments
  • Do you still have a mortgage? We can help with that
  • Continue to stay in your home
  • Complex property types are OK

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

  • Please enter a number from 6000 to 2000000.
  • About You

Not interested in equity release? Do you want a conventional mortgage at 3.97%, regardless of your age? Please Click Here

ex local authority property
Over 60
interest only mortgage rates
lifetime mortgage interest only
  • Free No Obligation Quote

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

interest only mortgage rates
retirement mortgage

Drawbacks of Equity Release Plans

Home reversion plans can reduce your estate value. Monthly payment equity release may impact the 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.

Interest Only Lifetime Mortgages Declined for 2024

The lender will want to know if the property is a Detached freehold house or a Leasehold flat and if the resident is an Owner Occupier’s Primary Residence.

Towns where equity release is common

  • Heathfield
  • Ambleside
  • Pershore
  • Shepton Mallet
  • Wainfleet All Saints
  • Oswestry
  • Bognor Regis
  • Alcester
  • Boston
  • Gorleston-on-Sea
  • Uttoxeter
  • Lechlade
  • Berkeley
  • Ulverston
  • Wallsend
  • Kempston
RIO Metro Bank in 2024

Pensioner Mortgage Ex Local Authority Flats Or Maisonettes

It’s very regular to discover individuals searching for monthly payment lifetime mortgage, monthly payment lifetime mortgage or home reversion schemes, however, Age Partnership like Royal London Equity Release are keen to see paperwork to show your circumstances in the form of pension statements.

Legal & General Home Finance lifetime mortgage
Pure Retirement - Classic Super Lite
Legal & General - Premier Flexible Black
OneFamily joint lifetime mortgage

Interest Only Lifetime Mortgages Ex Local Authority Flats Or Maisonettes

Legal & General Home Finance lifetime mortgage
Legal & General - Flexible Indigo

How much is it expected to release from a home

The older you are and the more serious your illnesses you are, the more tax-free cash you can release.

  • Aviva Equity Release Schemes
  • Hodge Lifetime Flexible Drawdown Plan
  • Stonehaven Interest Select Plan
  • Saga Equity Release Plans
  • Age Partnership Equity Release Schemes
  • Aviva Lifestyle Flexible Option
  • Canada Life Voluntary Select Gold
  • Just Retirement Equity Release Plans
  • Liverpool Victoria LV Equity Release
  • More 2 Life Capital Choice Plus Plan
  • Royal Bank of Scotland Equity Release
  • Saga home reversion schemes
  • Liverpool Victoria LV Equity Release Schemes
  • Pure Retirement Equity Release Schemes
  • Nationwide Equity Release
  • Lloyds Bank Lifetime Mortgage
  • TSB Lifetime Interest Only Mortgage
  • Royal Bank of Scotland Equity Release Schemes
  • Age Partnership Equity Release Schemes
  • Bridgewater Equity Release Schemes
  • Liverpool Victoria LV= Flexible Lifetime Mortgage
  • More 2 Life Capital Choice Plus Plan
  • Age Partnership Equity Release Plans

Legal and General Retirement Mortgages

Difficult-to-mortgage home types can include poorly maintained at the time of the valuation inspection, age-restricted 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 where the borrower(s) own the freehold with any connected party.

Many of the most appealing retirement loan offerings are TSB help to buy for over 60s, Barclays interest-only mortgages for over 60s, Halifax mortgages for 60 plus pensioners, Legal & General pensioner mortgages and Nationwide Building Society later life borrowing schemes.

Difficult-to-mortgage home variants include eco houses and modern methods of construction, properties with pre-1945 asbestos or similar composition roof tiles, privately developed flats, a maximum of four storeys with a lift, privately developed flats in blocks of five storeys or more and basement or lower ground floor flats with level access to private or communal garden space.

Some of the most common loan-to-value percentage ratios of TSB lifetime mortgages for those over 55s, Barclays Bank retirement mortgages over 70, NatWest mortgages for over 50-year-olds, L&G interest only lifetime mortgages for over 60s, Royal Bank of Scotland interest-only lifetime mortgages for over 70s and Nationwide BS lifetime mortgages for over 60s are 45%, 60% and 65%.

Challenging to mortgage home titles include properties built or converted into dwellings more than 10 years ago, properties with flying or creeping freehold which comprises 15% or less of the total floor area, properties with more than one annexe or self-contained part of the property, properties that have solar farms or a large number of wind turbines on the land and properties with mobile phone masts which are within influencing distance of the house.

Tough-to-finance home titles can include properties that will be assessed for flood risk, properties with any structural defect, damp, dry or wet rot, some properties with sitting tenants or regulated tenancies, asbestos construction and missing planning permission or building regulations approval.

How much money can I borrow?

You can release 70% of your property’s value. As an example, if your home is valued at £320,000 you can get £192,000.

Aviva Retirement Mortgages

Crown Retirement Mortgages

Equity Release Loan To Value

  • 55% monthly payment lifetime mortgage VitalityLife Equity Release
  • 45% LTV lifetime mortgage with flexible drawdown cash release Shawbrook
  • 40% loan to value home reversion plans Pure Retirement
  • 25% loan to value monthly payment lifetime mortgage Santander

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

  • Engineering design activities for industrial process and production Callington
  • Manufacture of electric motors, generators and transformers in Dalton Town with Newton
  • Manufacture of lifting and handling equipment Hetton
  • Cold rolling of narrow strip Southend-on-Sea
  • Machining Surbiton
  • Manufacture of motor vehicles Elland
  • Other service activities n e c Dulverton
  • Wireless Telecommunications Activities Barnoldswick
  • Manufacture of flat glass Filey
  • Other mining and quarrying n e c Wood Green
  • Retail sale of textiles in specialised stores Cowes
  • Retail sale of footwear in specialised stores Halesowen
  • Other publishing activities Ashbourne
  • Renting and leasing of other personal and household goods Thornaby-on-Tees
  • Residents’ property management Hungerford
  • Manufacture of pumps Alton
  • Tax consultancy Thorne
  • Manufacture of footwear Ashby Woulds
  • Preparation and spinning of textile fibres Burton upon Trent
  • Research and experimental development on biotechnology Whitchurch
  • Scaffold erection Frodsham
  • Architectural activities Raunds
  • Finishing of textiles Godalming
  • Raising of horses and other equines Skipton
  • Manufacture of electrical and electronic equipment for motor vehicles and their engines Ossett
  • Book publishing Crewkerne
  • Wholesale of radio, television goods & electrical household appliances other than records, tapes, CD’s & video tapes and the equipment used for playing them Bromborough

UK Equity Release Scheme Providers

  • Just Retirement
  • LV lifetime mortgage
  • Key Retirement
  • Prudential Lifetime