Lifetime Mortgage Flats And Maisonettes In Blocks Of More Than 10 Storeys – 2% Equity Release

Retirement Mortgage Flats And Maisonettes In Blocks Of More Than 10 Storeys

  • Remove tax-free money from your property
  • No monthly payments
  • Use the money to keep another family member away from a high loan to value mortgage
  • Still, have a few more mortgages payments to make? We can help with that
  • Often used as a vehicle to reduce tax bills
  • Product not impacted by COVID 19
  • No broker fees

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

equity release
lifetime mortgage
lifetime mortgage
retirement mortgages interest only
interest only mortgage rates
Over 65
lifetime mortgage

  • Free No Obligation Quote

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

lifetime mortgage interest only

  • Just retirement defined benefit
  • Pure Retirement Classic Voluntary Payment Super Lite
  • Nationwide Equity Release Plans
  • More to Life Flexi Choice Drawdown Lite Plan
  • Hodge Indexed Lifetime Mortgage
  • Just Retirement Equity Release
  • More 2 Life Capital Choice Plus Plan
  • Royal Bank of Scotland Equity Release Schemes
  • More 2 Life Flexi Choice Voluntary Payment Super Lite
  • Pure Retirement Equity Release
  • TSB Lifetime Interest Only Mortgage
  • Saga Equity Release Plans
  • Hodge Lifetime Mortgage Flexible Drawdown Plan
  • Just Retirement Drawdown Lifetime Mortgage
  • Royal Bank of Scotland Lifetime Mortgage


UK Equity Release Lenders

  • Age Concern
  • Liverpool Victoria
  • Age Partnership

Refinance Age 54 for 2024

It is common to encounter individuals looking for lump sum lifetime mortgages, monthly payment lifetime mortgage or home reversion plans, however, Key Solutions like Royal London Equity Release are keen to see evidence of your situation in the form of pension statements.

Equity Loan Newbury Building Society Mortgages UK

Pensioner Mortgage Flats And Maisonettes In Blocks Of More Than 10 Storeys

Equity Release LTV Percentages

  • 55% monthly payment equity release Old Mutual Wealth
  • 45% loan to value (LTV) lump sum lifetime mortgages West One
  • 50% loan to value lifetime mortgage with flexible drawdown cash release Legal and General
  • 30% LTV lumpsum lifetime mortgages Masthaven
  • 40% loan to value (LTV) monthly payment equity release United Trust Bank

Hodge Lifetime lifetime mortgage

Pure Retirement Ltd joint lifetime mortgage

Hard to mortgage property types can include properties in poor condition, properties where the ownership is set up on a tenancy in common basis, feuhold/freehold properties (including flats) in Scotland, commonhold properties and properties with single skin brickwork .

Popular retirement finance offerings include Lloyds Bank retirement mortgages, Barclays mortgages over 70s, NatWest later life interest only mortgages over 70, Legal & General interest only lifetime mortgages and Nationwide BS over 60 lifetime mortgages.

Difficult to mortgage home types can include Timber-framed properties constructed post 1965, timber framed properties built between 1920 and 1965, large concrete panel systems, privately developed flats in blocks of two storeys without a lift and basement or lower ground floor flats with level access to private or communal garden space.

Popular loan to value percentage ratios of Lloyds later life borrowing schemes over 55, Barclays retirement interest only mortgages over 60, NatWest equity release schemes for people over 70, L&G later life mortgages for over 60s, RBS lifetime mortgages for over 60s and Nationwide equity release schemes for over 55’s are 50%, 55% and 70%.

Challenging to mortgage home 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 with grounds in excess of five acres, properties without direct access to an adopted highway or which are accessed over an unmade road, properties with flying or creeping freeholds which comprise over 15% of the total floor area and properties in coastal areas that may be affected by erosion.

Tough to mortgage home variants can include rentcharges properties with a high estate rentcharge, ground rent where the lease or any deed varying the lease provides for a ground rent exceeding, or where the escalating provisions would result in the ground rent exceeding £250 per annum (or £1000 per annum where the property is in Greater London), derelict property or where part of the building is in severe disrepair and needs demolishing, corrugated iron construction and missing planning permission or building regulations approval.

How much cash can I borrow?

You can achieve 60% of your home’s valuation. As an example, if your house is valued at £230,000 you can get £138,000.

More2Life - Tailored Choice Plan

Interest Only Lifetime Mortgages Flats And Maisonettes In Blocks Of More Than 10 Storeys

More2Life - Flexi Choice Super Lite

Aviva lifetime mortgage with cashback

Canada Life Home Finance lifetime mortgage

LV= lifetime mortgage

What percentage can be released?

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


Downsides of Equity Release Schemes

Lump sum lifetime mortgages can reduce your estate value. Home reversion schemes may impact ability to claim entitlements. You may need to pay a solicitor’s fee and some products expose you to changes in interest rates.

Areas where retirement mortgages are routine

  • Andover
  • Haywards Heath
  • Porthleven
  • Darwen
  • Newton Abbot
  • Berkhamsted
  • Cramlington
  • Salcombe
  • Wigan
  • Wiveliscombe
  • Hendon
  • Bentham
  • West Tilbury
  • Corbridge
  • Penryn
  • Barnstaple
  • Enfield
  • Bollington
  • Bakewell

Canada Life Retirement Mortgages

Hodge Lifetime

Pure Retirement Mortgages

Just Mortgages

LV Drawdown Lifetime Mortgages


Retired business owners that may be interested in lifetime mortgages

  • Manufacture of basic iron and steel and of ferro-alloys Ashby-de-la-Zouch
  • Renting and leasing of freight air transport equipment Broseley
  • Raising of sheep and goats Whitchurch
  • Retail sale of sports goods, fishing gear, camping goods, boats and bicycles Stratford-upon-Avon
  • Construction of other civil engineering projects n e c Bacup
  • Support activities for other mining and quarrying Nantwich
  • Manufacture of other milk products Haslingden
  • Wholesale of clothing and footwear Grassington
  • Activities of sports clubs Buntingford
  • Wholesale of perfume and cosmetics Kettering
  • Management of real estate on a fee or contract basis Worksop
  • manufacture of household textiles Mildenhall
  • Manufacture of steel drums and similar containers Newport
  • Manufacture of other non-distilled fermented beverages Dursley
  • Freight transport by road Ilfracombe
  • Manufacture of gas Rye
  • Manufacture of mattresses Billingham
  • Manufacture of knitted and crocheted fabrics Woking
  • Manufacture of optical precision instruments Beckenham
  • Electrical installation Leatherhead
  • Manufacture of other knitted and crocheted apparel Dartford
  • The building of ships and floating structures Modbury
  • Mining of other non-ferrous metal ores Ambleside
  • Retail sale of computers, peripheral units and software in specialised stores Whitchurch
  • Farm animal boarding and care Redhill

The 1st and 2nd charge lender will want to know if the property is a Freehold terraced house or a Leasehold flat and if the resident is an Owner Occupier.