Retirement Mortgage Tyne & Wear Newcastle

Release cash from your home
No need to make monthly payments
Help your family get a deposit for their own home
Still, have a few more mortgages payments to make? We can help with that
Mortgage lender no impacted by coronavirus-covid 19
No lender fee charged
All parts of the UK are acceptable

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:*

Pensioner Mortgage Tyne & Wear Newcastle

Disadvantages of Home Reversion Schemes

Interest-only lifetime mortgages can reduce the value of your estate. Lump sum lifetime mortgages may impact ability to claim benefits. You may need to pay a solicitor’s fee and you could be exposed to changes in interest rates with some products.

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

Hodge Lifetime Mortgage Plus
NatWest Equity Release Plans
Bridgewater Equity Release
More2Life Capital Choice Plan
Pure Retirement Equity Release
Lloyds Bank Equity Release Schemes
More 2 Life Flexi Choice Drawdown Lite Plan
NatWest Equity Release Plans
Royal Bank of Scotland Interest Only Lifetime Mortgage
Hodge Indexed Lifetime Mortgage
Liverpool Victoria LV Equity Release Schemes
Pure Retirement Equity Release
HSBC Equity Release Schemes
Lloyds Bank Equity Release Schemes
TSB Equity Release Schemes
NatWest Equity Release
Bridgewater Lifetime Mortgage
Canada Life Equity Release
Hodge Equity Release Schemes
More2Life Flexi Choice Drawdown Lite Plan
Nationwide Interest Only Lifetime Mortgage
HSBC Equity Release Schemes
TSB Lifetime Interest Only Mortgage

Areas where equity release is common

Whittlesey
Bromsgrove
Modbury
Corby
Stroud
Boroughbridge
Fordbridge
Horncastle
Porthleven
Grassington
Wilton
Irthlingborough
Hornsey
Maryport
Ashford

It’s usual to encounter individuals seeking out lifetime mortgage with flexible drawdown cash release, lumpsum lifetime mortgages or lifetime mortgage with flexible drawdown cash release, however, Just Retirement like Royal London Equity Release are keen to see evidence of your circumstances in the form of bank statements.

Equity Release LTV

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

Crown Equity Release

Pure Retirement Lifetime Mortgages

Hodge Lifetime Mortgages

Difficult to finance home types include homes requiring essential repairs, properties where multiple third parties are living in an annexe, leasehold properties where the lease length is currently unacceptable, crofted houses and freehold flats (England, Wales, Northern Ireland).

Some of the most popular retirement loan offerings are Lloyds interest only mortgages for people over 70, HSBC later life mortgages, NatWest interest only mortgages for people over 60, L&G mortgages for people 60 plus and Nationwide Building Society mortgages for 60 year olds.

Difficult to mortgage home types include Timber-framed properties constructed post 1965, properties with spray foam insulation applied to the underside of the roof, steel frame/clad properties built before 1990, freehold/feuhold flats (Scotland only) and basement or lower ground floor flats without level access to private or communal garden space.

Common loan to value percentages of Lloyds Bank mortgages for 60 plus pensioners, Barclays lifetime mortgages for over 60s, Halifax later life interest only mortgages over 60, Legal & General mortgages for people over 50, Royal Bank of Scotland interest only mortgages for people over 70 and Nationwide RIO mortgages over 75 are 50%, 55% and 65%.

Challenging to mortgage home titles include properties with outbuildings used for normal domestic purposes (garage, workshop, stables, barn etc), properties with room(s) or outbuilding(s) used for a small amount of personal commercial use, agricultural use of the land and any outbuildings, 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 which have been built on a previously contaminated land are acceptable provided the result of an environmental search determines the land to be clear of contamination.

Tough to mortgage property variants include properties with a sinking fund of 7% or more of the property sale price when the property is sold, 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), some properties with sitting tenants or regulated tenancies, timber buildings and concrete frame.

Equity release loan to value?

You can get 60% of your home’s value. For example, if your house is worth £250,000 you can borrow £150,000.

Just Equity Release

Aviva Retirement Mortgages

Does Newcastle do mortgages up to 85?

Yes, Newcastle do mortgages up to 85 at 1.96% APR. Newcastle mortgages up to 85 have a LTV of 65%.

Do Newcastle do later life lending to Under 55?

Yes, Newcastle later life lending Under 55 is 2.28% MER.

Does Newcastle do mortgages over 70?

Yes, Newcastle mortgages over 70 are 1.92% APRC.

Do Newcastle offer mortgages over 75?

Yes, Newcastle mortgages over 75 are 1.9% APRC.

Do Newcastle do later life lending?

Yes, Newcastle later life lending is 1.87% APR.

What are Newcastle rates for retirement mortgages?

Newcastle rates for retirement mortgages are 1.86% APR.

Do Newcastle have positive reviews for pensioner mortgages?

Yes, Newcastle reviews are splendid for pensioner mortgages.

Does the Newcastle rio mortgage calculator show the LTV?

Yes, the Newcastle RIO mortgage calculator shows a positive LTV of 55%.

Does a Newcastle retirement interest only mortgage advisor charge a big fee?

No, Newcastle retirement interest only mortgage advisors are free.

Does Newcastle offer mortgages over 60?

Yes, Newcastle mortgages over 60 are 2.15% APR.

Does Newcastle offer mortgages over 55?

Yes, Newcastle mortgages over 55 are 2.19% APR.

Legal and General Mortgages

Interest Only Lifetime Mortgages Tyne & Wear Newcastle

Successful business owners who could benefit from equity release tax planning

Manufacture of agricultural and forestry machinery other than tractors Minster
Other human health activities Sittingbourne
Financial management Goole
Funeral and related activities Mitcheldean
Processing and preserving of potatoes Barking
Wholesale of watches and jewellery Wolsingham
Take-away food shops and mobile food stands Brighouse
Wired telecommunications activities Southwell
Growing of fibre crops Spalding
Renting and operating of Housing Association real estate Verwood
Manufacture of jewellery and related articles Rugby
Manufacture of fruit and vegetable juice North Walsham
Manufacture of other inorganic basic chemicals Sturminster Newton
Manufacture of mattresses Bentham
Leasing of intellectual property and similar products, except copyright works Newport
Manufacture of other transport equipment n e c Uttoxeter
Manufacture of earthmoving equipment Pershore
Manufacture of malt Framlingham
Sea and coastal freight water transport Slough
Growing of citrus fruits Corby
Physical well-being activities Beccles
Fund management activities Hungerford
Activities of agricultural holding companies Wimbledon
Activities of tourist guides Burntwood
Renting and leasing of recreational and sports goods Long Sutton
Growing of tobacco North Hykeham
Dispensing chemist in specialised stores Fazeley
Grain milling Middlewich