Discover the benefits of Scottish Building Society Equity Release for UK property

 

  • Release-tax free equity from your house
  • You don’t need to make regular monthly payments
  • Help your family to buy a home
  • Continue to stay in your property
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  • Please enter a number from 5000 to 2000000000.
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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

Pensioners interest only mortgage

Homeowner in their 80s

RIO

It’s common to discover individuals searching for home reversion schemes, interest-only lifetime mortgages or monthly payment equity release. However, the Telegraph like The Exeter Equity Release is keen to see paperwork to show your situation in the form of bank statements.

Lenders for UK Equity Release

 

  • Key Retirement
  • Pure Retirement
  • the Telegraph

Over 65 Home owner

Uses of Lifetime Mortgages

Could be used to manage inheritance tax bills and interest rates on the money can be appealing. Help a family member buy their own home with a modest mortgage or pay down your debts so you can spend more of your monthly income.Over 65 Home owner

Equity Release LTV

  • 55% lifetime mortgage with flexible drawdown cash release AIG Life
  • 60% loan to value interest-only lifetime mortgages Bower

retirement interest-only mortgage (RIO)
The lender will want to know if the property is a Freehold house or a Leasehold house and if the resident is an Owner Occupier.

Equity Release UK Providers

It is usual to find individuals looking for home reversion plans, monthly payment lifetime mortgage or home reversion schemes, however, Legal and General like LV Liverpool Victoria are eager to see evidence of your circumstances in the form of bank statements.

  • Hodge Lifetime Mortgage Plus
  • Pure Retirement Classic Drawdown Lite Plan
  • Nationwide Equity Release Schemes
  • Barclays Equity Release
  • Aviva Lifetime Mortgages
  • Canada Life Lifestyle Lite Flexi
  • Hodge Lifetime Flexible Voluntary Repayment Plan
  • Just retirement defined benefit
  • Pure Retirement Lifetime Mortgage
  • Barclays Equity Release Plans
  • Age Partnership Equity Release Plans
  • Aviva Equity Release
  • More2Life Capital Choice Plus Plan
  • HSBC Equity Release Plans
  • Royal Bank of Scotland Lifetime Mortgage
  • Aviva Lifetime Mortgages for Pensioners
  • Canada Life Lifetime Mortgage
  • L&G Legal & General Flexible Max Plus
  • TSB Lifetime Interest Only Mortgage
  • NatWest Interest Only Lifetime Mortgage
  • Age Partnership Equity Release

Money tied up in home

hitachi interest only retirement mortgage

Telephone:

02087486233

Drawbacks of Interest Only Lifetime Mortgages

A monthly payment lifetime mortgage can reduce the inheritance for your family. Home reversion plans may impact the ability to get state benefits. You may need to pay a valuation fee, and you could have higher rates to pay with some schemes.

How much is it common to release from a home

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