- Release equity from your property
- You don’t need to make monthly payments
- Use the money to keep another family member away from a high LTV mortgage
- Continue to live in your own home
- Often used as vehicle to reduce tax bills
Crown Drawdown Lifetime Mortgages
Pure Retirement
Equity Release LTV Percentages
- 60% monthly payment lifetime mortgage AIG Life
- 40% loan to value (LTV) monthly payment life time mortgage Crown
- 25% loan to value (LTV) home reversion schemes Platform Mainstream
Lenders for Equity Release
- Age Partnership
- More to Life
- Lifetime Mortgage from L&G
- Fortify Insurance Solutions
It’s often found to find people seeking out monthly payment life time mortgage, monthly payment life time mortgage or monthly payment equity release, however, the Telegraph like VitalityLife Equity Release are keen to see proof of your personal situation in the form of pension statements.
Towns where Lifetime Mortgages are routine
- Coggeshall
- West Mersea
- Spennymoor
- Emsworth
- Mildenhall
- Bridgnorth
- Burnham-on-Sea
- Stockton-on-Tees
- Halesworth
- Thame
- Beaconsfield
- Crediton
- Willesden
- Tadley
- Wallingford
- Chesterfield
Examples of retired business owners likely to have equity to release
- Production of meat and poultry meat products Gainsborough
- Activities of sport clubs Seaton
- Disinfecting and exterminating services Frodsham
- Manufacture of computers and peripheral equipment Skelmersdale
- Architectural activities West Tilbury
- Manufacture of essential oils Calne
- Manufacture of wire products, chain and springs Windsor
- Botanical and zoological gardens and nature reserves activities Egremont
- Manufacture of assembled parquet floors Dewsbury
- Manufacture of machinery for textile, apparel and leather production Mere
- Operation of gravel and sand pits; mining of clays and kaolin Bolton
- Wholesale of mining, construction and civil engineering machinery Royal Tunbridge Wells
- Manufacture of professional and arcade games and toys Bebington
- Specialists medical practice activities Wendover
- Specialised cleaning services Tenbury Wells
- Private security activities Bude-Stratton
- Raising of other cattle and buffaloes Woodbridge
- Raising of dairy cattle Ashbourne
- Growing of vegetables and melons, roots and tubers Minchinhampton
- Manufacture of photographic and cinematographic equipment Beaminster
- Manufacture of flat glass Croydon
Downsides of Lifetime Mortgages
Interest-only lifetime mortgages can reduce your estate value. Lump sum lifetime mortgages may impact entitlements to state benefits. You may need to pay a legal fee and you could have higher rates to pay with some schemes.
Equity Release Loan To Value
The more elderly you are and the sicker you are the more money you can release.
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 Primary Residence.
- Aviva Equity Release Schemes
- Canada Life Equity Release Plans
- More2Life Capital Choice Plan
- TSB Equity Release
- Aviva Flexible Voluntary Repayment Plan
- More2Life Capital Choice Plan
- Hodge Indexed Lifetime Mortgage
- Nationwide Equity Release Schemes
- HSBC Interest Only Lifetime Mortgage
- Saga home reversion schemes
- More2Life Capital Choice Plus Plan
- Just Retirement Equity Release Plans
- Liverpool Victoria LV= Lump Sum Plus Lifetime Mortgage
- HSBC Lifetime Mortgage
- Royal Bank of Scotland Equity Release Schemes
- Hodge Lifetime Flexible Voluntary Repayment Plan
- Pure Retirement Drawdown Plan
- Nationwide Equity Release
- Saga home reversion schemes
release equity in house under 55
