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4.93% MER Crown Equity Release Plans – Updated For 2024

Interest only Crown Equity Release schemes
  • Release tax-free money from your home with Crown Equity Release
  • No regular monthly payments
  • No early repayment charges
  • Use the money to buy another house
  • Are you still paying a mortgage? That’s fine we can help
  • Continue to stay in your house
  • 4.93% fixed for life

Loan to value for equity release?

You can achieve 70% of your property’s valuation. As an example, if your house is worth £330,000 you can get £231,000.

  • Your Requirements

  • About You

Recent Reviews

Equity Release

Mrs Heart from Aberdeen

I was struggling to pay my mortgage and had no money left at the end of the month for emergencies, let alone saving for a holiday.

I had investigated home reversion plans, but they did not appear to be the right solution. Equity Release for older borrowers with no monthly repayments was exactly what I wanted, and the interest rate was very low. I was able to pay off my mortgage.

I live in an area where house prices are going up nicely so keeping 100% ownership of my own home is wise.

I am confident that my house price appreciation will be much bigger than my roll-up interest.

lifetime mortgages

Mr Shaw from Bradford

I thought I was going to have to sell my home to pay back my mortgage as the bank wanted their money back. With the money left, I could only afford a flat and I would have been further away from my daughter and her children. Downsizing was a bad idea for me.

My lifetime mortgage was ideal for me as I had no monthly repayments and I paid off my old mortgage.

I saved the cost of moving to a new flat where I would pay to move to a place I did not want. The no negative equity guarantee and equity release council assurances were very important to me. I am better off each month and have some tax-free cash ready if repairs to the house are necessary.

retirement interest-only mortgages

Mr Howarth from Leeds

I am healthy and have a good income from my pensions for later life. I decided to release money from my unencumbered home with a retirement interest-only mortgage (RIO mortgage), so I could get a new kitchen and bathroom and give money to my children so they could move house and buy bigger homes.

I did not have any problems with a minimum or maximum age requirement or affordability. The interest rate was very low like a prime conventional mortgage from a bank or building society.

The monthly payment was tiny compared with the rest of my outgoings. The whole process was authorised and regulated by the finance conduct authority.

equity release

Mrs Yardly from Sheffield

I had an old, tired car and a very unreliable central heating system. Repair bills continually mounted up meaning I had less money to spend on holidays and other nice things. A friend said I should consider equity release, but I was put off by the horror stories of the roll-up/compounded interest destroying people’s homes.

When I did my own homework, I found in 2024 equity release interest rates were very low and the negative press was around people who had been ripped off with high rates in the past.

Even if my house price only went up a little the roll-up interest would be covered. The equity release enabled me to get a nice 3-year-old car and a new boiler, so I was not wasting money all the time on repairs!

equity release

William from Birmingham

My son knew a guy who owned 6 pubs. Because of successive lockdowns due to covid 19 coronavirus, he had to do a quick sale on his holiday home in Cornwall.

My equity release money bought his flat at 35% under market value and not only does my family have the shared use of a holiday home, but the rental income is also much more than the interest on the equity release.

Over 55 Home owner
Equity release in house under 55
Pensioner Mortgage
Interest only Crown Equity Release
Over 55 Home owner
RIO

It is very common to discover individuals searching for monthly payment lifetime mortgage, lifetime mortgage with flexible drawdown cash release or lifetime mortgage with compliant drawdown cash release, however, Key Retirement like LV Liverpool Victoria is keen to see evidence of your circumstances in the form of investment statements.

mortgages for pensioners over 70

Equity Release LTV

The more aged you are and the sicker you are, the more tax-free cash you can release with Crown Equity Release

UK Equity Release Lenders

  • Bower
  • Saga
  • Key Retirement
  • Stonehaven Mortgage
  • Crown

Equity Release Loan To Value Crown Equity Release

  • 60% lump sum lifetime mortgages Old Mutual Wealth
  • 45% LTV monthly payment lifetime mortgage Pure Retirement
  • 25% loan to value home reversion schemes Masthaven
  • 30% loan to value home reversion schemes 1st Stop

The 1st and 2nd charge lenders will want to know if the property is a semi-detached freehold house or a Leasehold flat with a share of freehold and if the occupier is a Private Tenant.

Lenders for UK Equity Release

It is very common to encounter individuals seeking out a monthly payment lifetime mortgage, lump sum lifetime mortgage or home reversion plans, however, Just Retirement like Aegon is eager to see paperwork to show your circumstances in the form of bank statements.

  • Just Retirement Equity Release Plans
  • L&G Legal & General Flexible Max Scheme
  • HSBC Interest Only Lifetime Mortgage
  • More to Life Capital Choice Plan
  • Bridgewater Lifetime Mortgage
  • More to Life Capital Choice Plus Plan
  • Crown Equity Release
  • Stonehaven Interest Only Lifetime Mortgage
  • HSBC Equity Release Schemes
  • Saga Lifetime Mortgage
  • Bridgewater Equity Release Schemes
  • Liverpool Victoria LV= Lump-Sum Plus Lifetime Mortgage
  • Lloyds Bank Equity Release
  • Barclays Equity Release Schemes
  • NatWest Equity Release Plans
  • Saga Lifetime Mortgage
  • L&G Legal & General Premier Flexible Lifetime Mortgage
  • More to Life Tailored Choice Plan
  • Stonehaven Equity Release Plan
  • Nationwide Equity Release
  • NatWest Equity Release
  • More to Life Capital Choice Plan
Retirement interest only mortgages for UK pensioners

Disadvantages of Crown Equity Release 2024

A monthly payment lifetime mortgage can reduce your estate value. A monthly payment lifetime mortgage may impact the ability to claim benefits. You may need to pay a valuation fee, and you could have higher rates to pay with some schemes.

Benefits of Interest-Only Lifetime Mortgages

Often used to help tax planning and interest rates are attractive. Buy a family member’s home without a mortgage or pay down your debts so you can spend more of your monthly income.

Release calculator equity

Calculator Equity Release UK

Nationwide Retirement Mortgage
Metrobank Equity Release

Does Crown do Equity Releases?

Yes, Crown Equity Release is 2.07% MER.

Pensioner Mortgages

Equity Release Yorkshire Building Society YBS

Does Crown do Pensioner Mortgages?

Yes, Crown Pensioner Mortgages are 1.91% APRC.

Metrobank Lifetime Mortgage

Does Crown do Retirement Mortgages?

Yes, Crown Retirement Mortgages are 2.06% MER.

Yorkshire Bank Equity Release Scheme
YB-Yorkshire Bank Lifetime Mortgage

Does Crown offer Equity Release Under 55?

Yes, Crown Equity Release Under 55 is 2.29% APR.

Can you get 100% equity release?

You can get a very high loan-to-value equity release, but its not possible to get a 100% equity release plan.

Which company is best for equity release?

Crown equity release is the best company for low rates and no fees. You should always try the equity release calculator.

What is the average charge for equity release?

Some Crown lifetime mortgages have no up front charges. The costs are simply added on to the amount you borrow. You will need a solicitor and a valuation. Some retirement bridge plans are very cost effective.

What are the pitfalls of equity release?

A lifetime mortgage is like any other loan where there is interest to pay. This is the pitfall.

Legal & General Lifetime Mortgage

Does Crown do Lifetime Mortgages?

Yes, Crown does lifetime mortgages at 1.91% APRC. Crown Lifetime Mortgages can have a loan to value of 65%.

http://www.crownequityrelease.com/

Does Crown offer a retirement remortgage for retired homeowners over 60?

Yes, Crown retirement remortgages for over 60s are 3.63% AER variable.

Does Crown do a pensioner remortgage over 60?

Yes, Crown pensioner remortgages for the over 60s are 3.69% MER fixed.

Does Crown do later life remortgages for the over 60s?

Yes, a Crown later life remortgage over 60 is 3.65% APRC variable.

Does Crown offer the best remortgage for retired homeowners over 60?

Yes, Crown’s best remortgages for the over 60s are 3.92% MER fixed for life.

Does Crown offer remortgaging options for those over 60?

Yes, a Crown remortgaging option for people over 60 is a 3.53% APR variable.

Does Crown offer a mortgage calculator for pensioners over 60?

Yes, Crown mortgage calculators for over 60s show 3.3% MER fixed.