Low rate Hodge Lifetime Equity Release is it as cheap as Aviva

  • Release equity from your house
  • No need to make monthly payments
  • Help a family member buy their own home with a modest mortgage
  • Continue to stay in your property for as long as you like
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RIO retirement interest only mortgages for people on a pension

5 Year Chart of 10 Year Interest Rates
5 Year Chart

Homeowner in their 80s

West London Home

Over 65 Home owner

retirement interest-only mortgages fca

It is usual to encounter people seeking out monthly payment lifetime mortgage, interest-only lifetime mortgages or home reversion plans. However, Lifetime Mortgage from L&G like AA equity release are keen to see evidence of your circumstances in the form of bank statements.

UK Equity Release Scheme Lenders


  • Bower
  • Pure Retirement
  • Age Partnership
  • Stonehaven

Advantages of Equity Release Plans

Could be used to optimise tax planning and interest rates are attractive. Help a family member buy their own home with a smaller mortgage or pay down your credit cards and loans, so you have lower monthly outgoings.

What percentage can be released?

  • 60% monthly payment lifetime mortgage VitalityLife Equity Release
  • 60% loan to value interest-only lifetime mortgages Key Retirement
  • 45% loan to value (LTV) monthly payment lifetime mortgage Prudential Lifetime
  • 60% loan to value home reversion plans Norton Finance
  • 25% loan to value (LTV) lumpsum lifetime mortgages Yorkshire Building Society

The mortgage lender will want to know if the property is a Freehold terraced house or a Leasehold flat with share of freehold and if the resident is an Assured shorthold tenancy tenant.

Equity Release Scheme Lenders

It is usual to encounter individuals seeking out lumpsum lifetime mortgages, monthly payment lifetime mortgage or home reversion schemes, however, Aviva like Zurich are eager to see evidence of your circumstances in the form of pension statements.

  • Aviva Lifestyle Flexible Option
  • Canada Life Equity Release Schemes
  • L&G Legal & General Flexi Max Voluntary Repayment Plan
  • Liverpool Victoria LV Equity Release Schemes
  • Pure Retirement Drawdown Plan
  • Stonehaven Interest Select Plan
  • Royal Bank of Scotland Equity Release
  • Aviva Equity Release
  • More2Life Capital Choice Plus Plan
  • Just Retirement Equity Release Schemes
  • More to Life Capital Choice Plan
  • Pure Retirement Lifetime Mortgage
  • TSB Lifetime Mortgage
  • Hodge Indexed Lifetime Mortgage
  • More to Life Capital Choice Plan
  • HSBC Equity Release Plans
  • Lloyds Bank Equity Release Schemes
  • TSB Equity Release Plans
  • Barclays Interest Only Lifetime Mortgage
  • Age Partnership Lifetime Mortgage
  • Aviva Equity Release Schemes
  • NatWest Interest Only Lifetime Mortgage
  • Saga home reversion schemes
  • More to Life Flexi Choice Drawdown Lite Plan

 hitachi interest only retirement mortgage



Drawbacks of Lifetime Mortgages

Home reversion plans can reduce the inheritance for your family. Lumpsum lifetime mortgages may impact the ability to claim entitlements. You may need to pay a legal fee, and you could have higher rates to pay with some schemes.

What percentage can be released?

The more aged you are and the more illnesses you have you are, the more tax-free cash you can release.