1.97% MER Norwich Union Equity Release and RIO Retirement Interest Only Mortgages

RIO Retirement Interest Only Mortgages

 

  • Remove tax-free cash from your home
  • You don’t need to make monthly payments unless you want to pay interest-only payments
  • Use the money to pay off debts
  • Stay living in your own home
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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

RIO retirement interest only mortgages

retirement interest-only mortgage (RIO)

It’s very regular to discover people looking for monthly payment equity release, interest-only lifetime mortgages or monthly payment lifetime mortgage. However, Age Concern like Fortify Insurance Solutions is keen to see proof of your circumstances in the form of bank statements.

UK Equity Release Scheme Providers

  • Key Retirement
  • LV lifetime mortgage
  • Key Retirement
  • Step Change
  • Maximum cover Equity Release

Uses of Lifetime Mortgages

Can help tax planning and interest rates can be quite low. Use the money to keep another family member away from a high loan to value mortgage or pay off your debts like loans and credit cards, so you have more monthly disposable income.

How much is it common to release from a home

  • 55% home reversion plans Maximum cover Equity Release
  • 60% loan to value lump sum lifetime mortgages Norton Finance
  • 30% loan to value home reversion plans Step One Finance

The lender will want to know if the property is a Detached freehold house or a Leasehold flat and if the resident is an AST Tenant.

UK Equity Release Scheme Lenders

It’s usual to find individuals looking for monthly payment equity release, monthly payment lifetime mortgage or monthly payment equity release. However, Key Retirement like Fortify Insurance Solutions, is eager to see paperwork to show your situation in the form of bank statements.

  • More to Life Flexi Choice Drawdown Lite Plan
  • Canada Life Lifestyle Gold Flexi
  • Liverpool Victoria LV Equity Release Schemes
  • Nationwide Equity Release Plans
  • HSBC Equity Release Plans
  • Lloyds Bank Equity Release Plans
  • Bridgewater Equity Release Schemes
  • Just Retirement Interest Only Lifetime Mortgage
  • Liverpool Victoria LV= Lump-Sum Plus Lifetime Mortgage
  • Pure Retirement Lifetime Mortgage
  • Lloyds Bank Lifetime Mortgage
  • TSB Equity Release Schemes
  • Hodge Lifetime Flexible Voluntary Repayment Plan
  • HSBC Equity Release
  • Barclays Interest Only Lifetime Mortgage
  • Saga Equity Release Plans
  • Bridgewater Equity Release Plans
  • Stonehaven Interest Only Lifetime Mortgage
  • TSB Lifetime Interest Only Mortgage

 

Pitfalls of Lifetime Mortgages

Lumpsum lifetime mortgages can reduce your estate value. Lump-sum lifetime mortgages may impact entitlements to benefits. You may need to pay a legal fee and some products expose you to changes in interest rates.

 

retirement interest-only mortgages fca

hitachi interest only retirement mortgage

Telephone:

02087486233

Equity Release LTV Percentages

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

Norwich Union