Retirement Mortgage Remortgaging To Release Equity To Buy Another Property

Remove tax-free cash from your property
You don’t need to make regular monthly payments
Use the money for anything you like
Continue to stay in your house for as long as you like

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

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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*
Your Email Address:*
Phone Number*
First Line Of Your Address:*
Your Postcode:*

Not interested in equity release? Do you just want a conventional interest only 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*
Contact Phone Number:*
Your Email Address:*
First Line Of Your Address:*
Your Postcode:*

It’s usual to encounter individuals seeking out lump sum lifetime mortgages, lumpsum lifetime mortgages or lifetime mortgage with flexible drawdown cash release, however, the Telegraph like Legal & General are keen to see evidence of your personal situation in the form of pension statements.

Equity Release Loan To Value

55% home reversion plans The Exeter Equity Release
55% loan to value (LTV) monthly payment life time mortgage Bower
30% LTV monthly payment lifetime mortgage Clearly Loans
40% LTV lifetime mortgage with flexible drawdown cash release United Trust Bank

Aviva Equity Release Plans
Hodge Equity Release Plans
Nationwide Interest Only Lifetime Mortgage
HSBC Equity Release Plans
Royal Bank of Scotland Interest Only Lifetime Mortgage
Saga Equity Release Schemes
Age Partnership Equity Release Plans
Pure Retirement Classic Drawdown Lite Plan
Just retirement equity release key features
L&G Legal & General Flexi Max Voluntary Repayment Plan
Lloyds Bank Equity Release Plans
Hodge Equity Release Plans
Just retirement equity release lifetime mortgages
More2Life Capital Choice Plan
More to Life Capital Choice Plus Plan
Nationwide Equity Release Plans
Age Partnership Equity Release

More2Life Equity Release

Pure Retirement Lifetime Mortgages

Difficult to finance property variants can include properties where proposed building works have not yet commenced, entirely tenanted properties, feuhold/freehold properties (including flats) in Scotland, properties which are made up of multiple titles and freehold flats (England, Wales, Northern Ireland).

Common retirement mortgage products include TSB later life mortgages, HSBC remortgages for people over 50 years old, Halifax retirement mortgages, Legal and General over 60 lifetime mortgages and Nationwide mortgages for people 60 plus.

Difficult to finance property variants can include difficult roof structures, properties with spray foam insulation applied to the underside of the roof, properties with minimum floor area of 30 square metres, former local authority flats and properties where the flat is accessed via a deck or balcony.

Common LTV ratios of Lloyds Bank over 60 lifetime mortgages, Barclays interest only mortgages for people over 70, Post Office later life interest only mortgages over 75, L&G later life mortgages for over 70s, RBS interest only mortgages for over 60s and Nationwide Building Society mortgages for over 70s are 50%, 60% and 65%.

Challenging to mortgage home titles include properties with outbuildings used for normal domestic purposes (garage, workshop, stables, barn etc), properties with a single annexe or other self-contained part of the property, 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 adversely affected by existing or proposed issues including roads, rail, airports, power plants, power lines/pylons, wind turbines, sub stations, sewage works, quarries, fuel stations, refuse sites, sports grounds, noise, light or environmental pollution.

Challenging to mortgage property variants can include properties built on contaminated land, leasehold properties with a short lease, typically less than 70 years, or a defective lease, properties with structural problems, thatched buildings and properties that has never been registered with the land registry.

How much money can I borrow?

You can get 70% of your home’s value. As an example, if your home is valued at £190,000 you can borrow £123,000.

More2Life Mortgages

Just Retirement Mortgages

Crown Lifetime Mortgages

Towns where Lifetime Mortgages are routine

Stamford
Bedale
Thorne
Potton
Dereham
Totton and Eling
Selby
Camborne
Nelson
Bilston
Blackwater and Hawley
Richmond
Brighouse
Penzance
Skipton
Stow-on-the-Wold
Broseley
Newark-on-Trent
Malmesbury
Midhurst
Walsall

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

Small business owners detail likely with equity to release from their homes

Manufacture of air and spacecraft and related machinery Rowley Regis
Support activities for crop production Quedgeley
Radio broadcasting Hebden Royd
Transmission of electricity Bovey Tracey
Manufacture of other plastic products Penistone
Operation of rail freight terminals Beckenham
Manufacture of other milk products Daventry
Wholesale of radio, television goods & electrical household appliances other than records, tapes, CD’s & video tapes and the equipment used for playing them Whitehill
Manufacture of power-driven hand tools Droitwich Spa
Scaffold erection Alcester
Production of abrasive products Alford
Manufacture of veneer sheets and wood-based panels Hemel Hempstead
Postal activities under universal service obligation Hitchin
Retail sale in non-specialised stores with food, beverages or tobacco predominating Painswick
Construction of roads and motorways Sandwich
Administration of financial markets Henley-on-Thames
Machining Great Dunmow
Operation of bus and coach passenger facilities at bus and coach stations Amesbury
Processing and preserving of poultry meat Penrith
Cultural education Canvey Island
Plant propagation Chesham
Other software publishing Clun
Activities of professional membership organizations Newport
Manufacture of tobacco products Rothbury
Retail sale of hearing aids Tadley
Life reinsurance Colne
Dental practice activities Southborough
Retail sale of meat and meat products in specialised stores Lostwithiel

Pensioner Mortgage Remortgaging To Release Equity To Buy Another Property

Interest Only Lifetime Mortgages Remortgaging To Release Equity To Buy Another Property

Equity Release percentages of your current property value

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

Pitfalls of Lifetime Mortgages

Monthly payment life time mortgage can reduce your estate value. Monthly payment lifetime mortgage may impact ability to claim benefits. You may need to pay a legal fee and you could have higher rates to pay with some schemes.

Lenders for Equity Release

Bower
New Life
Age Partnership
Norwich Union
Old Mutual Wealth

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