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 just want a normal 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/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:*

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.

Pensioner Mortgage Repayment Option

Interest Only Lifetime Mortgages Repayment Option

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.

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

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.

Free No Obligation Quote

About You