Equity Release Under 55

Home equity

  • Release tax-free cash from your house even if you are under 55
  • Not necessary to make monthly payments if you don’t want to
  • Use the money for anything you like
  • Continue to stay in your house

Variable rate of 2.98% with fixed rates slightly higher.

  • Your Requirements

  • Please enter a number from 5000 to 2000000000.
  • About You

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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

retirement interest only mortgage for UK pensioners

Homeowner in their 70s

It’s very regular to discover individuals looking for lump sum lifetime mortgages, home reversion plans or monthly payment lifetime mortgage. However, Key Solutions like Maximum cover Equity Release are keen to see evidence of your circumstances in the form of investment statements.
Home equity

Lenders for Equity Release

Applications of Lifetime Mortgages

Can help tax planning and interest rates can be attractive. Help your family get a deposit for their own home or pay down your debts, so you have more monthly disposable income.

Equity Release LTV Percentages

  • 55% interest-only lifetime mortgages AIG Life
  • 55% LTV interest-only lifetime mortgages Lifetime Mortgage from L&G
  • 40% loan to value monthly payment lifetime mortgage Foundation Home Loans
  • Release equity in a house under 55 can be a high loan to value if you can make a monthly repayment

The mortgage 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.

Providers in 2020 – Release Equity in House under 55

It’s common to encounter individuals searching for lump sum lifetime mortgages, lump sum lifetime mortgages or home reversion schemes, however, Legal and General like The Exeter Equity Release is eager to see paperwork to show your circumstances in the form of bank statements.

hitachi interest only retirement mortgage



Pitfalls of Lifetime Mortgages

Lump-sum lifetime mortgages can reduce the inheritance for your family. Home reversion schemes may impact entitlements to benefits. You may need to pay a valuation fee and some products expose you to changes in interest rates.

Equity Release Loan To Value

The more elderly you are and the sicker you are, the more cash you can release.

Equity release under 55

Because people want to borrow money against their home with no monthly repayments their is a significant demand for a lender is offering equity release mortgage under 55.  However, the best way to borrow money against your home is to get a conventional mortgage or low rate secured loan.