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
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:*

Aviva Retirement Mortgages

Crown Drawdown Lifetime Mortgages

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.

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

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

Pensioner Mortgage Sunderland

Interest Only Lifetime Mortgages Sunderland

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.

Free No Obligation Quote

About You