Lifetime Mortgage Repayment Option

Retirement Mortgage Repayment Option
  • Release tax-free cash from your home
  • No regular monthly payments
  • Use the money to keep another family member away from a high loan to value mortgage.
  • Prefabricated properties are OK

If you don’t want a lifetime mortgage or equity release and want a typical 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 want a conventional interest-only mortgage at 3.97% regardless of your age? Please Click Here

pensioner mortgages
Over 55
  • Free No Obligation Quote

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

retirement mortgage
equity release
retirement mortgages
Over 55

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

Retired small business owners that may be interested in lifetime mortgages

  • Operation of sports facilities Alsager
  • Renting and leasing of office machinery and equipment including computers Wivenhoe
  • Manufacture of other tanks, reservoirs and containers of metal Long Sutton
  • Licensed carriers Ossett
  • Other service activities n e c Braunstone Town
  • Production of meat and poultry meat products Southend-on-Sea
  • Construction of domestic buildings Battle
  • Activities of extraterritorial organizations and bodies Thatcham
  • Private security activities Stainforth
  • Manufacture of motor vehicles Burgh-le-Marsh
  • Cold drawing of bars Blandford Forum
  • Manufacture of batteries and accumulators Church Stretton
  • Butter and cheese production Lydney
  • Wholesale of china and glassware and cleaning materials Rawtenstall
  • Furnace and chimney cleaning services Highbridge
  • Manufacture of other technical ceramic products Pickering
  • Repair of consumer electronics Bury
  • Wholesale of sugar and chocolate and sugar confectionery Andover
  • Publishing of computer games Southport
  • Wholesale of watches and jewellery Wirksworth
  • Printing n e c Northam
  • Manufacture of industrial gases Bournemouth

Equity Release LTV Percentages

  • 60% home reversion plans Aegon
  • 35% loan to value (LTV) home reversion schemes Liverpool Victoria
  • 45% loan to value (LTV) lumpsum lifetime mortgages Shawbrook
  • 30% LTV monthly payment life time mortgage Prestige
  • 40% loan to value lifetime mortgage with flexible drawdown cash release Saga
  • 25% loan to value home reversion schemes Equifinance

It’s very regular to encounter people seeking out lump sum lifetime mortgages, lumpsum lifetime mortgages or home reversion schemes, however, Just Retirement like Old Mutual Wealth are keen to see paperwork to show your personal situation in the form of bank statements.

Legal & General - Flexible Yellow
Pure Retirement - Classic Super Lite Plan

Pensioner Mortgage Repayment Option

Canada Life - Lifestyle Lite
More2Life - Flexi Choice Lite
Pure Retirement Ltd lifetime mortgage
Hodge Lifetime lifetime mortgage
Legal & General - Flexible Indigo

Interest Only Lifetime Mortgages Repayment Option

More2Life - Flexi Choice Super Lite

Areas where equity release is common

  • Faringdon
  • St Neots
  • Paignton
  • Axminster
  • Longridge
  • Charlbury
  • Kidderminster
  • Uxbridge
  • Lowestoft
  • Twickenham
  • Okehampton
  • Brixham
  • Redenhall with Harleston
  • Hertford
  • Watchet
  • Fleet
  • New Alresford
  • Wellington
  • Somerton
  • Leighton-Linslade
  • Meltham

Hodge Lifetime Drawdown Lifetime Mortgages

Just Mortgages

LV Drawdown Lifetime Mortgages

Just Lifetime Mortgages

Equity Release LTV

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

Disadvantages of Home Reversion Plans

Lump sum lifetime mortgages can reduce the value of your estate. Interest-only lifetime mortgages may impact ability to claim benefits. You may need to pay a solicitor’s fee and some products expose you to changes in interest rates.

Home Equity Loan Monmouthshire Building Society in 2024
  • Just retirement defined benefit
  • L&G Legal & General Flexible Max Scheme
  • More to Life Flexi Choice Drawdown Lite Plan
  • Royal Bank of Scotland Lifetime Mortgage
  • Stonehaven Lifetime Mortgage
  • TSB Lifetime Mortgage
  • Aviva Lifetime Mortgages
  • More2Life Flexi Choice Voluntary Payment Super Lite
  • Bridgewater Equity Release Schemes
  • L&G Legal & General Flexi Max Voluntary Repayment Plan
  • Liverpool Victoria LV Equity Release
  • Stonehaven Lifetime Mortgage
  • HSBC Equity Release Schemes
  • More to Life Capital Choice Plus Plan
  • Bridgewater Equity Release Plans
  • Age Partnership Equity Release
Pensioner Mortgage Danske Bank UK

Providers for UK Equity Release

  • Key Retirement
  • Liverpool Victoria
  • Aviva

Hard to finance property variants can include properties where proposed building works have not yet commenced, age restricted properties, freehold houses and bungalows (England, Wales, Northern Ireland), properties which are made up of multiple titles and properties owned under any form of shared equity scheme.

Common pensioner mortgage products are TSB interest only lifetime mortgages, Barclays help to buy for over 60s, NatWest mortgages for over 50 year olds, L&G interest only retirement mortgages for over 70s and Nationwide BS mortgages for over 70s.

Difficult to finance property variants include eco houses and modern methods of construction, properties with single skin brickwork where the single skin comprises more than 20% of the surface area of the external walls, large concrete panel systems, privately developed flats in blocks of two storeys without a lift and flats above or adjacent to commercial premises.

Popular loan to values of TSB mortgages over 70s, HSBC mortgages over 70s, Post Office equity release schemes for people over 70, L&G RIO mortgages over 75, RBS later life interest only mortgages over 75 and Nationwide BS later life mortgages for over 60s are 50%, 55% and 70%.

Tough to mortgage home variants include flats of less than 30 square metres in any location, properties converted from modern commercial premises, grades l and ll* Listed Buildings in England & Wales (Grades A and B in Scotland; A, B+ and B1 in Northern Ireland), properties with mobile phone masts which are not within influencing distance of the house 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.

Tough to mortgage home titles include properties will be assessed for flood risk, properties with any kind of structural defect, damp, dry or wet rot, derelict property or where part of the building is in severe disrepair and needs demolishing, cob property and concrete frame.

How much can I get?

You can release 65% of your home’s value. For example, if your house is valued at £180,000 you can get £117,000.