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 from a high loan-to-value mortgage.
Still, have a few more mortgage payments to make? We can help with that
Often used as a vehicle to reduce tax bills
4% APR fixed for life
No broker fees

If you don’t want a lifetime mortgage or equity release, and 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*
First Last
Date of Birth*
Day
Month
Year
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*
Day
Month
Year
Contact Phone Number:*
Your Email Address:*
First Line Of Your Address:*
Your Postcode:*

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

Retirement Mortgage Harpenden Building Society UK

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

Home Equity Loan Furness Building Society UK

Remortgage Bad Credit Kensington Mortgage Company UK

Equity Release LTV Percentages

54.22% monthly payment equity release Old Mutual Wealth
44.22% 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

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 everyday 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 70, 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 after 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%, 54.22% 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 over 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 14.22% 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. For example, if your house is valued at £230,000, you can get £138,000.

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

Canada Life Home Finance lifetime mortgage

What percentage can be released?

The more aged you are and 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 the ability to claim entitlements. You may need to pay a solicitor’s fee, and some products may 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 who 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 first and second charge lenders will want to know if the property is a Freehold terraced house or a Leasehold flat and if the resident is an Owner-Occupier.

Today's Date: 22 March 2025

Published on: 10 June 2020

Last Updated on: 9 January 2025

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