Are you still paying a mortgage? That’s fine we can help
Stay living in your own property for as long as you like
Lenders not affected by Brexit or covid19-corona virus
All parts of the UK are acceptable including Northern Ireland
Flat roof properties are OK
If you don’t want a lifetime mortgage or equity release, and just want a normal mortgage at 1.97% regardless of your age please Click Here
Not interested in equity release? Do you just want a conventional mortgage at 1.97% regardless of your age please Click Here
Areas in the UK where retirement mortgages are routine
Snaith and Cowick
It is common to discover individuals looking for home reversion plans, lumpsum lifetime mortgages or interest-only lifetime mortgages, however, Bower like VitalityLife Equity Release are keen to see evidence of your circumstances in the form of pension statements.
Interest Only Lifetime Mortgages Paragon
How much is it common to release from a home
50% monthly payment equity release Old Mutual Wealth
35% loan to value home reversion schemes Stonehaven
60% loan to value home reversion plans Precise
25% loan to value home reversion schemes 1st Stop
25% LTV lifetime mortgage with flexible drawdown cash release Shawbrook
35% loan to value home reversion plans Shawbrook
30% loan to value monthly payment equity release Leeds Building Society
Equity Release LTV
The more aged you are and the more illnesses you have you are the more tax-free money you can release.
The 1st and 2nd charge 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 Owner Occupier Primary Residence.
Disadvantages of Lifetime Mortgages
A monthly payment lifetime mortgage can reduce the value of your estate. Lifetime mortgage with flexible drawdown cash release may impact entitlements to state benefits. You may need to pay a solicitor’s fee and you could be exposed to changes in interest rates with some products.