Lifetime Mortgage Studio Flats Under Over 30Sq M

Retirement Mortgage Studio Flats Under Over 30Sq M
  • Remove tax-free equity from your property
  • No monthly repayments
  • Use the money for a holiday
  • Continue to stay in your property for as long as you like
  • No broker fee is charged
  • Ex-local authority properties are acceptable

If you don’t want a lifetime mortgage or equity release and want a standard 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 age? Please Click Here

mortgage on studio flat
lifetime mortgage interest only
  • Free No Obligation Quote

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

interest only mortgage rates
  • Bridgewater Equity Release
  • Just retirement-defined benefit
  • Canada Life Equity Release Schemes
  • Just Retirement Equity Release Schemes
  • More to Life Capital Choice Plus Plan
  • TSB Lifetime Interest Only Mortgage
  • Age Partnership Equity Release Schemes
  • Aviva Lifetime Mortgages
  • Canada Life Lifetime Mortgages
  • Hodge Equity Release Schemes
  • Lloyds Bank Equity Release Plans
  • Royal Bank of Scotland Equity Release Schemes
  • Aviva Equity Release Plans
  • L&G Legal & General Flexible Max Scheme
  • Liverpool Victoria LV Equity Release Schemes
  • Nationwide Equity Release Plans

Equity Release percentages of your current property value -mortgage on studio flat

  • 55% monthly payment lifetime mortgage AIG Life
  • 35% LTV lump sum lifetime mortgages Saga
  • 25% loan to value lump sum lifetime mortgages United Trust Bank
  • 40% loan to value home reversion plans Vida
  • 40% loan to value (LTV) lifetime mortgage with flexible drawdown cash release Prudential
  • 50% loan to value interest-only lifetime mortgages Together Money
  • 25% LTV monthly payment lifetime mortgage Halifax
RIO Properties Above Commercial Premises for 2024

Equity Release Loan To Value

The more elderly and sicker you are, the more money you can release.

Equity Loan First Active for 2024

Pensioner Mortgage Studio Flats Under Over 30Sq M

Retired business owners who may be interested in lifetime mortgages

  • Manufacture of imitation jewellery and related articles Totton and Eling
  • Agents involved in the sale of furniture, household goods, hardware and ironmongery Aylsham
  • Sale of used cars and light motor vehicles Smethwick
  • Retail sale of electrical household appliances in specialised stores Southgate
  • Manufacture of cocoa and chocolate confectionery Wembley
  • Repair and maintenance of aircraft and spacecraft in North Petherton
  • Licensed restaurants Newbiggin-by-the-Sea
  • Licensed carriers Bolton
  • Processing and preserving of meat Biddulph
  • Manufacture of other carpets and rugs Oakham
  • Video distribution activities Lymington
  • Production of electricity Kingsteignton
  • Pension funding Ashton-under-Lyne
  • Growing of tobacco Burslem
  • Freight transport by road Amesbury
  • Weaving of textiles Bicester
  • Other service activities incidental to land transportation, n e c Poynton-with-Worth
  • Liquid milk and cream production in Windsor
  • Tanning and dressing of leather; dressing and dyeing of fur Newmarket
  • Recreational vehicle parks, trailer parks and camping grounds in Crosby
  • Other non-ferrous metal production Newton-le-Willows
  • Deep coal mines Upton-upon-Severn
  • Retail sale of books in specialised stores Altrincham
  • Publishing of computer games Bideford
  • Manufacture of sports goods Whitworth

Disadvantages of Home Reversion Schemes

A lifetime mortgage with a flexible drawdown cash release can reduce the value of your estate. A monthly payment lifetime mortgage may impact the ability to claim entitlements. You may need to pay a broker’s fee, and you could have higher rates to pay with some schemes.

Legal & General Home Finance lifetime mortgage
More2Life - Capital Choice Plus Plan

Hard-to-mortgage property variants include properties in the course of construction or pre-construction, age-restricted properties, freehold/freehold properties (including flats) in Scotland, properties where the customer is offering only part of the title as security for the loan and properties with leased solar panels.

Appealing retirement mortgage products include TSB interest-only mortgages for over the 60s near London, Barclays Bank later life borrowing schemes, Post Office later life borrowing schemes, Legal and General later life interest-only mortgages and Nationwide equity release schemes.

Hard-to-mortgage property variants can include properties with post-1945 asbestos or similar composition roof tiles, properties with spray foam insulation applied to the underside of the roof, properties constructed or converted within the past ten years, studio flats outside the M25 and basement or lower ground floor flats without level access to private or communal garden space.

Typical LTV percentages of Lloyds interest only retirement mortgages for over 70s, Barclays Bank mortgages for over 65, NatWest equity release schemes for people over 70, L&G pensioner mortgages over 60, Bank of Scotland interest-only retirement mortgages for over 70s and Nationwide BS equity release plans for people over 60 are 50%, 55% and 70%.

Tough-to-finance home titles can include properties built or converted into dwellings within the last 10 years, 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 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.

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, mundic homes and properties that have never been registered with the land registry.

How much can I get?

You can achieve 60% of your home’s value. For example, if your home is worth £360,000, you can get £216,000.

Canada Life Home Finance lifetime mortgage
More2Life - Flexi Choice Super Lite
Legal & General - Flexible Yellow
More2Life - Capital Choice Plan
Hodge Lifetime - Flexible Repayment Plan - NO Early Repayment Charges
More2Life - Tailored Choice Plan

UK Providers for Equity Release

  • Lifetime Mortgage from L&G
  • Stonehaven
  • the Telegraph
  • One Family

It is often found to find individuals seeking out interest-only lifetime mortgages, lump sum life time mortgages or home reversion plans, however, More2Life like AIG Life are keen to see evidence of your circumstances in the form of investment statements.

The 1st and 2nd charge lender will want to know if the property is a Detached freehold house or a Leasehold flat and if the resident is an Owner Occupier.

Areas where equity release is routine

  • Diss
  • Mildenhall
  • Burgh-le-Marsh
  • Helston
  • Crowle
  • Camborne
  • Great Dunmow
  • Trowbridge
  • Higham Ferrers
  • Bebington
  • Mirfield
  • Scarborough
  • Peterlee
  • Felixstowe
  • Alford
  • Calne
  • Horsforth
  • Ryde
  • Frodsham

Hodge Lifetime Equity Release

Just Retirement Mortgages

Interest Only Lifetime Mortgages Studio Flats Under Over 30Sq M