Low rate Lloyds Bank Equity Release at 1.96% MER

  • Remove money from your property
  • No need to make regular monthly payments
  • Use the money for home improvements
  • Stay living in your own house

Rates  1.96% MER, with fixed rates from 2.7% MER

To find out more please complete the form below:

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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

Money tied up in home

London House

retirement interest only mortgage for UK pensioners
Homeowner in their 80s

Its often found to encounter people looking for monthly payment equity release, interest-only lifetime mortgages or interest-only lifetime mortgages. However, More2Life like Zurich are keen to see proof of your situation in the form of pension statements.
Access home equity

UK Lenders for Equity Release

 

  • Bower
  • New Life
  • Age Concern

retirement interest-only mortgage (RIO)

Advantages of Lifetime Mortgages

Can be used to manage inheritance tax bills and interest rates can be quite low. Help a member of your family buy their own home that they couldn’t afford otherwise or pay down your credit cards and loans, so you have more monthly disposable income.

How much is it common to release from a home

  • 60% monthly payment lifetime mortgage AIG Life
  • 60% LTV monthly payment lifetime mortgage the Telegraph
  • 50% LTV home reversion schemes and Lloyds Bank lifetime mortgages for pensioners
  • 25% loan to value monthly payment lifetime mortgage Kent Reliance

The 1st and 2nd charge lender will want to know if the property is a Semi detached freehold house or a Leasehold flat with share of freehold and if the resident is an Owner Occupier Primary Residence.

UK Providers for Equity Release

Its often found to find individuals searching for interest-only lifetime mortgages, monthly payment lifetime mortgage or monthly payment equity release, however, More2Life like The Exeter Equity Release are eager to see evidence of your circumstances in the form of bank statements.

Raise money with your home

  • More2Life Capital Choice Plan
  • TSB Lifetime Mortgage
  • Royal Bank of Scotland Lifetime Mortgage
  • Just retirement defined benefit
  • More to Life Capital Choice Plan
  • Royal Bank of Scotland Equity Release
  • Age Partnership Interest Only Lifetime Mortgage
  • More2Life Capital Choice Plan
  • Bridgewater Equity Release
  • Hodge Lifetime Flexible Drawdown Plan
  • Just retirement defined benefit
  • Lloyds Bank Lifetime Mortgage
  • TSB Equity Release Schemes
  • Aviva Lifetime Mortgages for Pensioners
  • Just Retirement Drawdown Lifetime Mortgage
  • L&G Legal & General Flexible Lifetime Mortgage
  • More to Life Flexi Choice Drawdown Lite Plan
  • Lloyds Bank Equity Release Plans

hitachi interest only retirement mortgage

Telephone:

02087486233

Downsides of Lifetime Mortgages

Interest-only lifetime mortgages can reduce your estate value. Lump sum lifetime mortgages may impact the ability to claim entitlements. You may need to pay an advisor’s fee, and you could have higher rates to pay with some schemes.

 

Money tied up in home

Equity Release Loan To Value

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

Lloyds Bank Equity Release

Lloyds has a variety of lending products that may be suitable for you to get the money that is tied up in your home.  As it’s a major prime bank, you can reasonably expect very competitive interest rates.

0345 602 1997
(+44 1733 347 007 from outside the UK)

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