Lloyds Lifetime Mortgage Options – 4.31% MER Free Valuation

Lloyds Lifetime Mortgage 2024
  • Remove tax-free cash from your house with a Lloyds Lifetime Mortgage at 4.31%
  • There is no need to make monthly payments – you can pay just interest if you like
  • Free home valuation
  • New lower rates start 1st April 2024
  • Use the money for anything you like
  • Still, have some mortgage outstanding? No problems
  • Stay living in your own home
  • Often used as a vehicle to reduce tax bills

How much money can I borrow?

You can get 60% of your property’s value. For example, if your home is worth £310,000, you can release £186,000.

  • Your Requirements

  • Please enter a number from 5000 to 2000000000.
  • Please enter a number from 70000 to 10000000.
  • About You

More to life - Flexi Choice Lite
  • Your Requirements

  • Please enter a number from 5000 to 2000000000.
  • Please enter a number from 70000 to 10000000.
  • About You

Does Lloyds offer Lifetime Mortgages?

Yes, Lloyds do lifetime mortgages at 1.94% APRC.

Does Lloyds Do Equity Release Under 55?

Yes, Lloyds Equity Release under 55 is 1.94% MER.

Lloyds Lifetime Mortgage

A Lloyds Lifetime Mortgage can help pensioners remove equity from their home for a new car or to pay off debts that are expensive to service.

Equity Release Providers

  • More2Life
  • Crown
  • Bower
  • Prudential Lifetime
OneFamily joint lifetime mortgage
Hodge Lifetime - Flexible Repayment Plan - NO Early Repayment Charges

Successful business owners who could benefit from equity release tax planning

  • Manufacture of refractory products Calne
  • Manufacture of other food products n e c Mildenhall
  • Other engineering activities Nailsworth
  • Mining of uranium and thorium ores Torpoint
  • Manufacture of photographic and cinematographic equipment Mablethorpe and Sutton
  • Social work activities without accommodation for the elderly and disabled Greater Willington
  • Raising of poultry Bootle
  • Cargo handling for air transport activities Buxton
  • Manufacture of metal structures and parts of structures Bewdley
  • Production of electrical and electronic equipment for motor vehicles and their engines Longridge
  • Manufacture of prepared meals and dishes Dunstable
  • Repair of communication equipment Towcester
  • Production of articles of fur Stapleford
  • Production of sugar confectionery Horsham
  • Wired telecommunications activities Burford
  • Hospital activities Farnham
  • Agents involved in the sale of machinery, industrial equipment, ships, and aircraft Camborne
  • Manufacture of women’s underwear Stocksbridge
  • Retail sale of games and toys in specialized stores in Hoddesdon
  • Operation of warehousing and storage facilities for air transport activities Wem
  • Manufacture of pulp Northfleet
Canada Life Home Finance lifetime mortgage

Pitfalls of Equity Release Plans

Home reversion plans can reduce the value of your estate. A lifetime mortgage with flexible drawdown cash release may impact entitlements to state benefits. You may need to pay a legal fee, and some products may expose you to changes in interest rates.

More to life - Capital Choice Plan
LV= Flexible Lifetime Mortgage

Equity Release Loan To Value

  • 55% monthly payment lifetime mortgage Legal & General
  • 40% loan-to-value lump sum lifetime mortgages
  • 35% loan to value (LTV) monthly payment lifetime mortgage Blemain
  • 35% loan to value lumpsum lifetime mortgages Blemain

The mortgage lender will want to know if the property is a semi-detached freehold house or a Leasehold flat with a share of freehold and if the resident is an AST Tenant.

Aviva - Lifestyle Flexible Option
Hodge Lifetime lifetime mortgage
Legal & General Home Finance lifetime mortgage

Difficult-to-finance home variants can include poorly maintained at the time of the valuation inspection, properties where the ownership is set up on a tenancy on an everyday basis, freehold houses and bungalows (England, Wales, Northern Ireland), properties which are made up of multiple titles and freehold flats (England, Wales, Northern Ireland).

Legal & General - Flexible Blue

Some of the most common pensioner finance products are TSB over 60-lifetime mortgages, Barclays interest-only retirement mortgages for those over the 70s, Lloyds lifetime mortgages, Legal and General later life mortgages and Nationwide BS mortgages for those over 70s.

Difficult to mortgage property types include eco houses and modern methods of construction, properties with any external treatment applied to the roof after construction, studio flats located within the M25, privately developed flats in blocks of two storeys without a lift, and basement or lower ground-floor flats without level access to private or communal garden space.

Some of the most popular loan-to-value percentages for TSB later life interest-only mortgages over 70, HSBC interest-only mortgages for people over 60, Halifax help-to-buy for over 60s, L&G mortgages for over 70s, RBS mortgages for people over 50, and Nationwide retirement mortgages over 60 are 35%, 60%, and 65%.

Challenging to mortgage property titles can include properties with outbuildings used for everyday domestic purposes (garage, workshop, stables, barn etc), properties with grounds over five acres, grades l and ll* Listed Buildings in England & Wales (Grades A and B in Scotland; A, B+ and B1 in Northern Ireland), properties with mobile phone masts which are not within influencing distance of the house and properties in coastal areas that may be affected by erosion.

Legal & General - Premier Flexible Black

Challenging to mortgage home variants include rent charges 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, corrugated iron construction and Airey, Boot, Cornish Unit, Dorran, Dyke, Gregory, Hamish Cross, Myton, Newland, Orlit and Parkinson Frame.

How much can I release?

You can receive 60% of your property’s valuation. For example, if your home is valued at £220,000, you can receive £154,000.

Pure Retirement - Classic Lite
Pure Retirement Ltd joint lifetime mortgage
  • L&G Legal & General Flexible Max Scheme
  • More to life Flexi Choice Voluntary Payment Super Lite
  • HSBC Lifetime Mortgage
  • Lloyds Bank Lifetime Mortgage
  • Hodge Indexed Lifetime Mortgage
  • More to Life Capital Choice Plus Plan
  • HSBC Equity Release
  • Royal Bank of Scotland Equity Release Schemes
  • Age Partnership Equity Release Schemes
  • Aviva Equity Release
  • More to life Flexi Choice Drawdown Lite Plan
  • Hodge Lifetime Flexible Voluntary Repayment Plan
  • L&G Legal & General Flexible Plus Lifetime Mortgage
  • Pure Retirement Drawdown Plan
  • TSB Equity Release Schemes
  • Age Partnership Equity Release
  • Canada Life Equity Release
  • HSBC Equity Release
  • Royal Bank of Scotland Interest Only Lifetime Mortgage
Premier Flexible Black

Towns where retirement mortgages are routine, in particular Lloyds Lifetime Mortgage

  • Colyton
  • Widnes
  • Grantham
  • Minehead
  • Clevedon
  • Nelson
  • Crook
  • Royal Tunbridge Wells
  • Tavistock
  • Paddock Wood
  • Blyth
  • Selsey
  • Stapleford
  • Market Bosworth
  • Maltby
  • Worksop
Canada Life - Lifestyle Lite
Santander Retirement Mortgage Home

What is common with Lloyds Lifetime Mortgages?

It’s common to find individuals searching for home reversion plans, monthly payment lifetime mortgage, or home reversion plans; however, age concerns, like AA equity release, are keen to see evidence of your situation in the form of pension statements.

More to life - Capital Choice Plan

Equity Release Loan To Value for a Lloyds Lifetime Mortgage

The older you are and the more illnesses you have, the more cash you can release.

Direct contact details for Lloyds Bank for a Lloyds Lifetime Mortgage

Lloyds Bank plc. Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no. 2065, Lloyds Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278. Visit the Lending Standards Board website

Lloyds Bank plc registered office:
25 Gresham Street,
London EC2V 7HN.
Registered in England and Wales No. 2065.

0345 300 0000

If you need to call us from abroad, you can call us on 01733347007. Not all Telephone Banking services are available 24 hours a day, seven days a week. Please speak to an adviser for more information. Calls may be monitored or recorded.
Lloyds Bank plc and Bank of Scotland plc (members of Lloyds Banking Group), are authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Authorisation can be checked on the Financial Services Register at www.fca.org.uk

Call Finance Hunt in Putney, London on


How Do I Release Equity From My House

Releasing Money From Your Home

Canada Life Lifetime Mortgages

Crown Lifetime Mortgages

Pure Retirement

Do Lloyds offer mortgages up to 85?

Yes, Lloyds offers mortgages up to 85 at 1.96% APRC. These mortgages have a loan-to-value (LTV) of 60%.

Does Lloyds do later life lending to people Under 55?

Yes, Lloyds later life lending Under 55 is 2.3% APRC.

Does Lloyds offer mortgages over 70?

Yes, Lloyds mortgages over 70 are 1.92% APR.

Does Lloyds offer mortgages over 75?

Yes, Lloyds mortgages over 75 are 2.11% APRC.

Does Lloyds do later life lending?

Yes, Lloyds later life lending is 2.23% APR.

What are the current Lloyds rates for retirement mortgages?

Lloyds rates for retirement mortgages are 2.13% APR.

Does Lloyds have positive reviews for pensioner mortgages?

Yes, Lloyds reviews are superb for pensioner mortgages.

Does the Lloyds Rio mortgage calculator show the loan to value (ltv)?

Yes, the Lloyds RIO mortgage calculator shows a positive loan-to-value (ltv) of 70%.

Does a Lloyds retirement interest only mortgage advisor charge a hefty fee?

No, Lloyds retirement interest only mortgage advisors are free.

Does Lloyds offer mortgages over 60?

Yes, Lloyds mortgages over 60 are 2.25% APR.

Does Lloyds offer mortgages over 55?

Yes, Lloyds mortgages over 55 are 3.31% APR.

Yes, they do lifetime mortgages and Lloyds bank retirement interest only mortgages

The problem is the roll-up interest that is added to the loan.  Check out Lloyds mortgage rates 2024.

Interest rates for many products are still under 4% MER.

You can borrow up to 55% of the valuation of your home.

Yes, they do equity release and other products too.  Check out the Lloyds interest only mortgage criteria.

Yes, you should consider a lloyds equity loan mortgage.