Halifax retirement mortgages – interest only

  • Release tax free equity from your house with the Halifax
  • No need to make monthly payments with some plans
  • Help your family get a deposit for their own home
  • Still have a mortgage? We can help with that
  • Stay living in your own house for as long as you like
  • Could be used to manage inheritance tax bills
  • Your Requirements

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Money tied up in house
Southfields Home

It’s very regular to find people looking for lump sum lifetime mortgages, monthly payment lifetime mortgage or home reversion schemes, however, Bower like Old Mutual Wealth are keen to see proof of your situation in the form of pension statements.

Equity Release percentages of your current property value

The more aged you are and the sicker you are the more money you can release
Stop Repossession

Equity Release UK Providers

  • Lifetime Mortgage from L&G
  • Pure Retirement
  • More2Life
  • AIG Life

What percentage can be released?

  • 60% interest-only lifetime mortgages The Exeter Equity Release
  • 40% loan to value home reversion schemes Step Change
  • 25% loan to value home reversion schemes United Trust Bank

The 1st and 2nd charge lender will want to know if the property is a Detached freehold house or a Leasehold flat and if the occupier is a AST Tenant.

Lenders for UK Equity Release

It is common to encounter individuals seeking out monthly payment life time mortgage, lumpsum lifetime mortgages or monthly payment equity release, however, Bower like Royal London Equity Release are eager to see evidence of your circumstances in the form of bank statements.

  • Canada Life Equity Release Plans
  • Just Retirement Equity Release Schemes
  • Liverpool Victoria LV Equity Release Schemes
  • Pure Retirement Drawdown Plan
  • Nationwide Interest Only Lifetime Mortgage
  • Saga Equity Release Plans
  • Hodge Equity Release Plans
  • More to Life Tailored Choice Plan
  • Lloyds Bank Equity Release
  • More 2 Life Tailored Choice Plan
  • Royal Bank of Scotland Equity Release
  • More 2 Life Capital Choice Plus Plan
  • Pure Retirement Equity Release Schemes
  • HSBC Equity Release Schemes
  • Barclays Interest Only Lifetime Mortgage
  • Saga Equity Release Schemes
  • Bridgewater Lifetime Mortgage
  • More to Life Flexi Choice Voluntary Payment Super Lite
  • TSB Lifetime Mortgage
  • Barclays Lifetime Mortgage
  • NatWest Lifetime Mortgage
  • More 2 Life Tailored Choice Plan
  • Age Partnership Equity Release

Pitfalls of Home Reversion Plans

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

Applications of Interest Only Lifetime Mortgages

Often used to manage inheritance tax bills and interest rates can be quite low. Buy a family member a home without a mortgage or pay down your own credit cards and loans so you have more monthly disposable income.