Lifetime Mortgage Sheltered Accommodation

Retirement Mortgage Sheltered Accommodation
  • Remove money from your property
  • You don’t need to make monthly payments
  • Still, have a few more mortgages payments to make? No problems
  • Often used to manage inheritance tax bills
  • Non-standard property types 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

  • 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

lifetime mortgage interest only rates
retirement mortgages interest only
lifetime mortgage
  • Free No Obligation Quote

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

lifetime mortgage

It’s very regular to find individuals looking for monthly payment equity release, monthly payment lifetime mortgage or lifetime mortgage with flexible drawdown cash release, however, Key Retirement like AIG Life are keen to see evidence of your personal situation in the form of investment statements.

  • More 2 Life Capital Choice Plus Plan
  • Just retirement equity release key features
  • NatWest Equity Release Plans
  • Liverpool Victoria LV Equity Release Plans
  • More to Life Capital Choice Plus Plan
  • Pure Retirement Equity Release
  • HSBC Equity Release Plans
  • NatWest Lifetime Mortgage
  • Age Partnership Equity Release Plans
  • Bridgewater Equity Release Plans
  • Hodge Lifetime Flexible Voluntary Repayment Plan
  • L&G Legal & General Flexible Max Scheme
  • Pure Retirement Drawdown Plan
  • Stonehaven Interest Only Lifetime Mortgage
  • Nationwide Interest Only Lifetime Mortgage
  • HSBC Lifetime Mortgage
  • More to Life Flexi Choice Voluntary Payment Super Lite
  • NatWest Lifetime Mortgage
  • More to Life Capital Choice Plus Plan
  • Royal Bank of Scotland Equity Release Plans
  • More 2 Life Capital Choice Plus Plan

Towns in the UK where retirement mortgages are common

  • Alton
  • Horwich
  • Charlbury
  • Bicester
  • South Brent
  • Colburn
  • Erith
  • Clay Cross
  • Dawley
  • Colyton
  • Cricklade
  • Glastonbury
  • Northam
  • Gillingham

Just Drawdown Lifetime Mortgages

LV Lifetime Mortgages

Canada Life Drawdown Lifetime Mortgages

LV= Flexible Lifetime Mortgage
More2Life - Capital Choice Plus Plan

Pensioner Mortgage Sheltered Accommodation

Pure Retirement Ltd lifetime mortgage
Canada Life Home Finance lifetime mortgage
More2Life - Flexi Choice Super Lite
OneFamily lifetime mortgage
Legal & General - Flexible Pink

UK Equity Release Providers

  • Key Retirement
  • LV lifetime mortgage
  • Key Retirement
  • One Family
Remortgage Bad Credit Handelsbanken in 2024

How much is it common to release from a home

The more elderly you are and the more serious your illnesses you are the more tax free money you can release.

Remortgage Bad Credit Best Retirement Interest Only Mortgages UK

Interest Only Lifetime Mortgages Sheltered Accommodation

Successful business owners who could benefit from equity release tax planning

  • Manufacture of other non-metallic mineral products n e c Harpenden
  • Other amusement and recreation activities n e c Shifnal
  • Renting and leasing of media entertainment equipment Coulsdon
  • Retail sale of beverages in specialised stores Morley
  • Distribution of electricity Gosport
  • Activities of other membership organizations n e c Kimberley
  • Manufacture of computers and peripheral equipment Ringwood
  • Agents involved in the sale of furniture, household goods, hardware and ironmongery Scarborough
  • Wholesale of textiles Rayleigh
  • Manufacture of prepared feeds for farm animals West Malling
  • Combined office administrative service activities Axbridge
  • Activities of households as employers of domestic personnel Verwood
  • Other manufacturing n e c Rochford
  • Repair of fabricated metal products Greater Willington
  • Public houses and bars Alford
  • Video distribution activities Kidderminster
  • Factoring Hounslow
  • Inland passenger water transport Kingsteignton
  • Manufacture of concrete products for construction purposes Chesterfield
  • Manufacture of fertilizers and nitrogen compounds Wellingborough
  • Liquid milk and cream production Newton-le-Willows
  • Other cleaning services Burnham-on-Crouch
  • Manufacture of other products of wood; manufacture of articles of cork, straw and plaiting materials Loughton
  • Manufacture of perfumes and toilet preparations Mossley
  • Risk and damage evaluation Wareham
  • Activities of mortgage finance companies Swanley
  • Real estate agencies Lynton & Lynmouth

The 1st and 2nd charge lender will want to know if the property is a Freehold terraced house or a Leasehold house and if the resident is an Private Tenant.

What percentage can be released?

  • 60% lumpsum lifetime mortgages AIG Life
  • 50% loan to value lifetime mortgage with flexible drawdown cash release Key Retirement
  • 25% loan to value (LTV) lump sum lifetime mortgages United Trust Bank
  • 50% loan to value (LTV) monthly payment lifetime mortgage Precise
  • 55% loan to value (LTV) lifetime mortgage with flexible drawdown cash release Age Concern
  • 45% loan to value monthly payment equity release Norwich Union
  • 25% loan to value (LTV) monthly payment life time mortgage Tesco Bank

Pitfalls of Lifetime Mortgages

Interest-only lifetime mortgages can reduce your estate value. Monthly payment life time mortgage may impact ability to claim entitlements. You may need to pay a solicitor’s fee and you could be exposed to changes in interest rates with some products.

Hard to finance property types include properties in poor condition, age restricted properties, right to buy – properties in Scotland, commonhold properties and properties where the borrower(s) own the freehold with any connected party .

Some of the most common pensioner finance products include Lloyds Bank later life interest only mortgages over 60, Barclays Bank mortgages for 60 plus pensioners, Halifax retirement mortgages, Legal & General mortgages for people over 50 and Nationwide RIO mortgages.

Difficult to mortgage home types can include Timber-framed properties constructed post 1965, properties with pre 1945 asbestos or similar composition roof tiles, steel frame/clad properties built before 1990, privately developed flats in blocks of five storeys or more and basement or lower ground floor flats with level access to private or communal garden space.

Popular LTV ratios of Lloyds retirement mortgagesover 65, Barclays equity release schemes for over 55’s, NatWest over 60 lifetime mortgages no fees, Legal & General RIO mortgages over 75, Bank of Scotland mortgages for 60 plus and Nationwide BS mortgages for pensioners over 60 are 40%, 55% and 65%.

Tough to finance property titles can include grade ll Listed houses (grade C in Scotland and B2 in Northern Ireland), properties converted from modern commercial premises, use of the land and any outbuildings for a small amount of personal commercial use., properties using rooms, land or outbuildings for business purposes which are not personal to the borrower(s) or which extend to more than 50% of the property to be secured and properties in coastal areas that may be affected by erosion.

Tough to mortgage home variants can include rentcharges properties with a high estate rentcharge, ground rent where the lease or any deed varying the lease provides for a ground rent exceeding, or where the escalating provisions would result in the ground rent exceeding £250 per annum (or £1000 per annum where the property is in Greater London), properties with structural problems, cob property and concrete panel houses.

How much money can I borrow?

You can borrow 65% of your home’s valuation. As an example, if your house is valued at £250,000 you can get £175,000.