Lifetime Mortgage Property With Historic Restrictive Ties

Retirement Mortgage Property With Historic Restrictive Ties

  • Remove tax-free cash from your property
  • No monthly payments
  • Help a family member buy their own home with a modest mortgage
  • Stay living in your own home
  • Lender not affected by coronavirus crisis

If you don’t want a lifetime mortgage or equity release, and just want a normal interest only 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 interest only mortgage at 3.97% regardless of your age please Click Here

Under 55
interest only mortgage rates
reverse mortgage

  • Free No Obligation Quote

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

Over 65
pensioner mortgages interest only

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

Equity Loan The Mortgage Business in 2024

Bad Credit Mortgages Accord Mortgages UK

How much is it common to release from a home

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

More2Life - Tailored Choice Plan

Interest Only Lifetime Mortgages Property With Historic Restrictive Ties

Legal & General - Flexible Yellow

More2Life - Flexi Choice Super Lite

More2Life - Flexi Choice Lite

Pensioner Mortgage Property With Historic Restrictive Ties

Aviva lifetime mortgage

It’s often found to find individuals seeking out monthly payment equity release, lump sum life time mortgages or home reversion schemes, however, Asbestos Sheet like The Exeter Equity Release are keen to see paperwork to show your circumstances in the form of investment statements.

Equity Release percentages of your current property value

  • 60% lump sum lifetime mortgages AIG Life
  • 60% loan to value monthly payment equity release Together Money
  • 35% loan to value lumpsum lifetime mortgages Norwich Union
  • 50% loan to value home reversion plans Equifinance

Drawbacks of Equity Release Schemes

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

  • More 2 Life Tailored Choice Plan
  • More2Life Tailored Choice Plan
  • Canada Life Lifetime Mortgages
  • L&G Legal & General Premier Flexible Lifetime Mortgage
  • Liverpool Victoria LV Equity Release Plans
  • Pure Retirement Drawdown Plan
  • Lloyds Bank Equity Release Schemes
  • NatWest Lifetime Mortgage
  • Saga Lifetime Mortgage
  • Age Partnership Equity Release Plans
  • Canada Life Voluntary Select Gold Flexi
  • Just retirement equity release key features
  • Bridgewater Equity Release Plans
  • Canada Life Interest Select Gold Flexi
  • Hodge Indexed Lifetime Mortgage
  • L&G Legal & General Premier Flexible Lifetime Mortgage
  • More2Life Capital Choice Plus Plan
  • Nationwide Equity Release
  • Lloyds Bank Equity Release Plans
  • NatWest Lifetime Mortgage

Crown Equity Release

Difficult to finance property variants can include properties currently undergoing substantial alterations, extensions or repairs, properties where letting arrangement where the tenancy agreement is not appropriate, leasehold properties where the lease length is currently unacceptable, crofted houses and properties with leased solar panels.

Many of the most appealing pensioner mortgage products include Lloyds interest only mortgages for over 65 year olds, HSBC over 60 lifetime mortgages, NatWest interest only mortgages for people over 60, L&G help to buy for over 60s and Nationwide Building Society mortgages for 60 plus.

Hard to mortgage home variants include properties with post 1945 asbestos or similar composition roof tiles , properties with spray foam insulation applied to the underside of the roof, properties constructed or converted within the past 10 years, coach houses i.e. freehold properties with garages beneath and basement or lower ground floor flats with level access to private or communal garden space.

Popular LTV ratios of Lloyds mortgages for 60 plus, Barclays Bank lifetime mortgages for over 55s, NatWest later life borrowing schemes over 55, Legal and General interest only mortgages for people over 60, Bank of Scotland mortgages for over 65 and Nationwide BS mortgages for people over 50 are 40%, 60% and 70%.

Challenging to mortgage property titles 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 with mobile phone masts which are not within influencing distance of the house and properties which have been built on a previously contaminated land are acceptable provided the result of an environmental search determines the land to be clear of contamination.

Tough to mortgage property variants can include rentcharges properties with a high estate rentcharge, properties with any kind of structural defect, damp, dry or wet rot, property is uninhabitable, mundic homes and concrete frame.

How much money can I release?

You can borrow 60% of your property’s value. For example, if your house is valued at £350,000 you can borrow £245,000.

More2Life Equity Release

LV Equity Release

 

Equity Release Providers

  • Just Retirement
  • Liverpool Victoria
  • Age Partnership

 

Towns where retirement mortgages are common

  • Wragby
  • Honiton
  • Ramsgate
  • Witham
  • Lewes
  • Wellingborough
  • Burnham-on-Crouch
  • Halifax
  • Ashbourne
  • Driffield
  • Newton Abbot

 

Retired small business owners that may be interested in lifetime mortgages

  • Manufacture of essential oils Adlington
  • Activities of business and employers membership organizations Ashton-under-Lyne
  • Retail sale of footwear in specialised stores Soham
  • Manufacture of ice cream Cleobury Mortimer
  • Test drilling and boring Frome
  • Other retail sale of food in specialised stores Loughton
  • Manufacture of basic pharmaceutical products Tonbridge
  • Growing of other non-perennial crops Macclesfield
  • Steam and air conditioning supply Chertsey
  • Water collection, treatment and supply Oswestry
  • Post-graduate level higher education Winsford
  • Manufacture of other knitted and crocheted apparel Barnsley
  • Manufacture of cutlery Belper
  • Licensed carriers Grange-over-Sands
  • Manufacture of beer Stretford
  • Growing of oleaginous fruits Wareham
  • Information technology consultancy activities Matlock
  • Freight air transport Chatteris
  • Wholesale of wood, construction materials and sanitary equipment Alfreton
  • Distribution of gaseous fuels through mains Rothwell
  • Security and commodity contracts dealing activities Eccleshall
  • Transport via pipeline Aldershot
  • Extraction of crude petroleum Wendover