- Remove money from your home
- No regular monthly repayments
- Help your family to buy a home
- Continue to stay in your property for as long as you like
It’s common to encounter people searching for home reversion plans, monthly payment life time mortgage or monthly payment equity release, however, More2Life like Zurich are keen to see evidence of your situation in the form of investment statements.
Equity Release UK Providers
- Key Retirement
- More to Life
- Lifetime Mortgage from L&G
- VitalityLife Equity Release
Uses of Equity Release Schemes
Can be a vehicle to reduce tax bills and interest rates are attractive. Low rate way of helping family to buy their own home or pay down your own credit cards and loans so you can spend more of your monthly income.
Equity Release LTV
- 60% monthly payment life time mortgage VitalityLife Equity Release
- 45% loan to value lifetime mortgage with flexible drawdown cash release Stonehaven
- 30% loan to value monthly payment lifetime mortgage First Direct
The 1st and 2nd charge lender will want to know if the property is a Freehold terraced house or a Leasehold house and if the resident is an AST Tenant.
Providers for Equity Release
Its usual to find individuals searching for lumpsum lifetime mortgages, lump sum life time mortgages or lifetime mortgage with flexible drawdown cash release, however, the Telegraph like Legal & General are eager to see evidence of your circumstances in the form of investment statements.
- More 2 Life Flexi Choice Voluntary Payment Super Lite
- Bridgewater Lifetime Mortgage
- More to Life Tailored Choice Plan
- Royal Bank of Scotland Lifetime Mortgage
- Age Partnership Equity Release Schemes
- L&G Legal & General Flexible Plus Lifetime Mortgage
- Barclays Equity Release Plans
- More2Life Flexi Choice Voluntary Payment Super Lite
- Bridgewater Equity Release Schemes
- L&G Legal & General Flexible Lifetime Mortgage
- Liverpool Victoria LV Equity Release
- Pure Retirement Equity Release
- HSBC Equity Release Schemes
- Barclays Interest Only Lifetime Mortgage
- Bridgewater Equity Release
- Just Retirement Drawdown Lifetime Mortgage
- Nationwide Equity Release Plans
- NatWest Equity Release
- More 2 Life Capital Choice Plan
Pitfalls of Home Reversion Plans
Home reversion plans can reduce your estate value. Lifetime mortgage with flexible drawdown cash release may impact entitlements to state benefits. You may need to pay a broker’s fee and some products expose you to changes in interest rates.
Equity Release LTV Percentages
The older you are and the sicker you are the more tax free money you can release.