Release tax-free equity from your home
Use the money to keep another family member away from a high LTV mortgage
Still, have a few more mortgages payments to make? No problems
Product not impacted by coronavirus-covid19
All UK Postcodes areas are acceptable
Flat roof 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:*

Interest Only Lifetime Mortgages Saffron Building Society Mortgages

Towns where equity release is popular

Fordwich
Poynton-with-Worth
Dalton Town with Newton
Hailsham
Warrington
Nantwich
Ashford
Glossop
South Elmsall
Whitby
Pickering
Rotherham
Market Bosworth
Mexborough
Acton
Maidstone
Hatherleigh
Chorley

Pensioner Mortgage Saffron Building Society Mortgages

Just Drawdown Lifetime Mortgages

Hard to finance home types can include properties where proposed building works have not yet commenced, properties where the ownership is set up on a tenancy in common basis, right to buy – properties in England, Wales and Northern Ireland, properties with unregistered titles subject to these being registered as part of the legal process and properties where the borrower(s) own the freehold with any connected party .

Popular retirement loan offerings are Lloyds mortgages for over 60s, Barclays interest only mortgages for over 70s, NatWest mortgages for people 60 plus, L&G interest only mortgages for over 70s and Nationwide pensioner mortgages over 70s.

Difficult to finance property variants can include Timber-framed properties constructed post 1965, properties with spray foam insulation applied to the underside of the roof, properties with minimum floor area of 30 square metres, privately developed flats in blocks of five storeys or more and freehold flats (England, Wales, Northern Ireland).

Do Saffron Building Society do mortgages up to 85?

Yes, Saffron Building Society do mortgages up to 85 at 2.28% APRC. Saffron Building Society mortgages up to 85 can have a LTV of 65%.

Does Saffron Building Society offer later life lending to Under 55?

Yes, Saffron Building Society later life lending Under 55 is 2.19% APR.

Does Saffron Building Society do mortgages over 70?

Yes, Saffron Building Society mortgages over 70 are 1.98% MER.

Does Saffron Building Society do mortgages over 75?

Yes, Saffron Building Society mortgages over 75 are 2.12% MER.

Do Saffron Building Society do later life lending?

Yes, Saffron Building Society later life lending is 1.82% MER.

What are Saffron Building Society rates for retirement mortgages?

Saffron Building Society rates for retirement mortgages are 2.21% MER.

Does Saffron Building Society have favourable reviews for pensioner mortgages?

Yes, Saffron Building Society reviews are commendable for pensioner mortgages.

Does the Saffron Building Society rio mortgage calculator show the loan to value (ltv)?

Yes, the Saffron Building Society RIO mortgage calculator shows a favourable loan to value (ltv) of 70%.

Does a Saffron Building Society retirement interest only mortgage advisor charge a big fee?

No, Saffron Building Society retirement interest only mortgage advisors are free.

Does Saffron Building Society offer mortgages over 60?

Yes, Saffron Building Society mortgages over 60 are 2.16% APR.

Does Saffron Building Society offer mortgages over 55?

Yes, Saffron Building Society mortgages over 55 are 2.29% APRC.

Common loan to value percentage ratios of Lloyds interest only mortgages for over 60s near London, Barclays Bank mortgages for over 70s, NatWest interest only mortgages for over 60s, Legal and General later life mortgages for over 60s, Royal Bank of Scotland later life mortgages for over 60s and Nationwide lifetime mortgages for over 55s are 40%, 60% and 70%.

Tough to mortgage home variants can include properties with outbuildings used for normal domestic purposes (garage, workshop, stables, barn etc), properties with flying or creeping freehold which comprises 15% or less of the total floor area, properties with a small number of solar panels or a wind turbine on the land for domestic use, properties that have solar farms or a large number of wind turbines on the land and properties with mobile phone masts which are within influencing distance of the house.

Tough to finance home titles include properties will be assessed for flood risk, properties with any kind of structural defect, damp, dry or wet rot, properties of non-standard construction, timber buildings and Airey, Boot, Cornish Unit, Dorran, Dyke, Gregory, Hamish Cross, Myton, Newland, Orlit and Parkinson Frame.

Equity release loan to value?

You can get 70% of your property’s value. As an example, if your home is worth £280,000 you can get £168,000.

LV Drawdown Lifetime Mortgages

Legal and General Drawdown Lifetime Mortgages

What percentage can be released – saffron building society mortgages?

The more elderly you are and the sicker you are the more tax free cash you can release.

Drawbacks of Interest Only Lifetime Mortgages

Home reversion plans can reduce the inheritance for your family. Lifetime mortgage with flexible drawdown cash release may impact entitlements to benefits. You may need to pay a broker’s fee and you could have higher rates to pay with some schemes.

Equity Release LTV

60% home reversion schemes VitalityLife Equity Release
35% LTV lumpsum lifetime mortgages West One
40% LTV home reversion schemes Santander

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

Retired small business owners that may be interested in Home Reversion Schemes

- Retail sale of fruit and vegetables in specialised stores Rothwell
- Manufacture of ice cream Mirfield
- Manufacture of assembled parquet floors Frinton and Walton
- Raising of swine pigs Sandy
- Wholesale of agricultural machinery, equipment and supplies Wincanton
- Manufacture of fruit and vegetable juice Ormskirk
- Printing of newspapers Burnham-on-Sea
- Floor and wall covering Warwick
- General secondary education Chapel-en-le-Frith
- Agents involved in the sale of machinery, industrial equipment, ships and aircraft Withernsea
- Manufacture of consumer electronics Earby
- Lead, zinc and tin production Camelford
- Manufacture of beer Alford
- Licensed restaurants Hitchin
- Manufacture of other fabricated metal products n e c Bakewell
- Manufacture of motorcycles Carlton Colville

Residential care activities for learning difficulties, mental health and substance abuse Rotherham
Manufacture of paper stationery Settle
Wholesale of tobacco products Eastleigh
Activities of call centres St Helens
Non-scheduled passenger air transport Melton Mowbray
Wholesale of chemical products Keighley
Other retail sale in non-specialised stores Stockport

It’s very regular to find individuals seeking out home reversion schemes, lump sum life time mortgages or home reversion schemes, however, More2Life like Royal London Equity Release are keen to see evidence of your personal situation in the form of investment statements.