Lifetime Mortgage Sunderland

Retirement Mortgage Sunderland
  • No monthly payments
  • Use the cash for anything you like
  • Are you still paying a mortgage? No problems
  • Stay living in your own home for as long as you like
  • Could be used to manage inheritance tax bills
  • No lender fee

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

pensioner mortgages interest only
  • Free No Obligation Quote

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

equity release
reverse mortgage

Aviva Retirement Mortgages

Crown Drawdown Lifetime Mortgages

More2Life

More2Life

One Family

It’s very regular to encounter individuals searching for monthly payment equity release, monthly payment life time mortgage or lifetime mortgage with flexible drawdown cash release, however, Sunlife Plans like Zurich are keen to see evidence of your personal circumstances in the form of investment statements.

Refinance Ex Local Authority Flats Or Maisonettes in 2024

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

  • Packaging activities Chippenham
  • Radio broadcasting Bromsgrove
  • Other sports activities Southport
  • Manufacture of oils and fats Rochester
  • Casting of iron Manningtree
  • Passenger rail transport, interurban Godalming
  • Retail sale of beverages in specialised stores Brading
  • Risk and damage evaluation Otley
  • Other social work activities without accommodation n e c Ilford
  • Wholesale of perfume and cosmetics Bungay
  • Growing of other perennial crops Swaffham
  • Retail sale of newspapers and stationery in specialised stores Burnley
  • Painting Maghull
  • Activities of sport clubs Grange-over-Sands
  • Mining of iron ores Stowmarket
  • Manufacture of sugar confectionery Wimbledon
  • Manufacture of homogenized food preparations and dietetic food Reading
  • Post-harvest crop activities Dulverton
  • Non-life reinsurance Syston
  • Operation of bus and coach passenger facilities at bus and coach stations Topsham
  • Other non-ferrous metal production Walsall
  • Museums activities Wickham

Pitfalls of Lifetime Mortgages

Lump sum lifetime mortgages can reduce the inheritance for your family. Interest-only lifetime mortgages may impact entitlements to benefits. You may need to pay a legal fee and you could have higher rates to pay with some schemes.

Equity Release LTV

  • 60% lumpsum lifetime mortgages AIG Life
  • 60% loan to value (LTV) monthly payment lifetime mortgage More2Life
  • 40% loan to value (LTV) lump sum lifetime mortgages Prudential
Home Equity Loan Ex Council Property Houses And Flats in 2024

Towns of the UK where equity release is routine

  • Immingham
  • Ilford
  • Prescot
  • Wainfleet All Saints
  • Halesowen
  • Kingston-upon-Thames
  • Richmond
  • Amble
  • Surbiton
  • Hayle
  • Mitcheldean
  • Neston
  • Launceston
  • Otley
  • Steyning
  • Aylsham
  • Denholme
  • Keynsham
  • Rowley Regis
  • Godmanchester
  • Weymouth
Pure Retirement - Classic Lite
Just lifetime mortgage

Pensioner Mortgage Sunderland

Canada Life Home Finance lifetime mortgage
Canada Life Home Finance lifetime mortgage for properties in Scotland
LV= Lump Sum+ Lifetime Mortgage

Interest Only Lifetime Mortgages Sunderland

More2Life - Capital Choice Plan

Equity Release LTV Percentages

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

Equity Release UK Providers

  • Legal and General
  • Bridgewater
  • Aviva
  • AA equity release

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

  • Bridgewater Lifetime Mortgage
  • Hodge Lifetime Flexible Drawdown Plan
  • HSBC Lifetime Mortgage
  • TSB Lifetime Mortgage
  • NatWest Interest Only Lifetime Mortgage
  • Age Partnership Lifetime Mortgage
  • Aviva Flexible Voluntary Repayment Plan
  • Canada Life Voluntary Select Gold
  • Just retirement defined benefit
  • Lloyds Bank Lifetime Mortgage
  • Aviva Lifetime Mortgages
  • Bridgewater Equity Release
  • Just retirement equity release key features
  • L&G Legal & General Flexible Plus Lifetime Mortgage
  • TSB Lifetime Mortgage
  • NatWest Equity Release Schemes
  • Saga Lifetime Mortgage
  • Hodge Equity Release Schemes
  • Liverpool Victoria LV Equity Release Schemes
  • Stonehaven Equity Release Plan
  • NatWest Equity Release Plans
  • Age Partnership Equity Release

Hard to finance property types include properties in poor condition, age restricted properties, leasehold properties (England, Wales, Northern Ireland) subject to a lease length of 160 years, leasehold properties (with the exception of flats and maisonettes) and properties where the borrower(s) own the freehold with any connected party .

Many of the most appealing pensioner mortgage products include Lloyds Bank mortgages for over 65, Barclays over 60 mortgages, NatWest interest only mortgages for people over 70, Legal & General mortgages for over 70s and Nationwide Building Society lifetime mortgages.

Difficult to mortgage home variants can include Timber-framed properties constructed post 1965, properties with any externally applied insulation to the walls after construction, properties constructed or converted within the past 10 years, privately developed flats in blocks of two storeys without a lift and flats above or adjacent to commercial premises.

Common loan to value ratios of TSB mortgages for pensioners over 60, Barclays Bank later life interest only mortgages over 70, NatWest interest only mortgages for people over 70, L&G interest only mortgages for people over 70, Bank of Scotland equity release schemes for people over 70 and Nationwide BS later life mortgages for over 70s are 45%, 60% and 65%.

Tough to finance property variants include flats of less than 30 square metres in any location, properties with room(s) or outbuilding(s) used for a small amount of personal commercial use, properties with more than one annexe or self-contained part of the property, properties with flying or creeping freeholds which comprise over 15% of the total floor area and properties that have a private water supply provided a contract is in place with an approved maintenance company for regular testing and maintenance.

Challenging to mortgage home variants can include properties built on contaminated land, 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 where there are boundary disputes or where planning applications have not been applied for correctly, asbestos construction and properties that has never been registered with the land registry.

How much cash can I borrow?

You can get 60% of your home’s value. For example, if your house is worth £180,000 you can release £117,000.