Equity Release at 5.27% with no hidden fees or charges.
- Remove money from your home with Lloyds Bank Equity Release
- No regular monthly repayments
- Free valuation in 2025
- No early repayment charges
- No arrangement fees
- Help your family with the cash you release
- Stay living in your own home
Reviews of Product
Mrs Yardly from Sheffield
I had an old, tired car and an unreliable central heating system. Repair bills kept mounting, leaving me with less money for holidays and other lovely 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 homework, I found that equity release interest rates were very low in 2025, and the negative press focused mainly on people who had been taken advantage of by high rates. Even if my house price only increased slightly, 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 on repairs all the time!
Mrs Heart from Aberdeen
I was struggling to pay my mortgage and had no money left for emergencies at the end of the month, 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 precisely 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 rising, so keeping 100% ownership of my home is wise. I am confident that my house price appreciation will be much bigger than my roll-up interest.
Mr Shaw from Bradford
I thought I would have to sell my home to repay my mortgage as the bank wanted its 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 could pay off my old mortgage. I saved the cost of moving to a new flat, only to pay to move to a place I did not want. The no-negative-equity guarantee and the Equity Release Council’s assurances were essential to me. I am better off each month and have some tax-free cash ready if repairs to the house are necessary.
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 had no issues with the minimum or maximum age requirements 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 Financial Conduct Authority.
William from Birmingham
My son knew a guy who owned six pubs. Because of successive COVID-19 lockdowns, he had to sell his holiday home in Cornwall quickly. My equity release money enabled him to buy his flat at 35% under market value. Not only do my family members share the use of a holiday home, but the rental income is also significantly more than the interest on the equity release lenders.
It’s usual to find individuals searching for home reversion plans, monthly payment lifetime mortgages, or lump sum lifetime mortgages; however, Bower, like Maximum Cover Equity Release lender, is keen to see evidence of your circumstances in the form of investment statements.
Equity Release LTV Percentages
The older you are and the sicker you are, the more money you can release
UK Equity Release Providers similar to Lloyds Bank UK
- One Family
- Liverpool Victoria
- more to life
- Legal and General
Equity Release LTV
- 55% monthly payment equity release – AA equity release financial advisers
- 60% loan-to-value lifetime mortgage with flexible drawdown cash release outstanding loan
- 55% LTV lifetime mortgage with flexible drawdown cash release Equifinance for a new property
- 45% loan-to-value interest-only lifetime mortgages Optimum Credit to get financial freedom
- 30% loan-to-value (LTV) home reversion plans from Holmesdale Building Society for home improvements
- 60% Lloyds Bank Equity Release for retirement planning for people borrowing jointly who want to make regular payments
The lender will want to know if the property is a Detached freehold house or a Leasehold flat and if the occupier is an Assured shorthold tenant.
Loans For Over 70s UK
Metrobank Equity Release
Pensioner Mortgages
Equity Release Yorkshire Building Society YBS
Yorkshire Bank Equity Release Scheme
YB-Yorkshire Bank Lifetime Mortgage
Legal & General Lifetime Mortgage
Equity Release UK Providers similar to Lloyds Bank Equity Release
It’s often found that people are searching for monthly payment equity releases, lump sum lifetime mortgages, or interest-only lifetime mortgages. However, Key Retirement, like Legal & General, is eager to see evidence of your circumstances in the form of bank statements.
- L&G Flexible Voluntary Repayment Plan is similar to standard mortgages
- Hodge Lifetime Mortgage Flexible Drawdown Plan for existing customers
- L&G Legal & General Flexi Max Voluntary Repayment Plan with award-winning service
- Lloyds Bank Equity Release Plans before long-term care
- Saga home reversion schemes for smaller lump sums
- Hodge Lifetime Mortgage Plus before the borrower dies or moves into long-term care
- L&G Legal & General Flexible Max Scheme with Inheritance Protection
- Liverpool Victoria LV Equity Release Schemes with optional repayments
- More to Life Capital Choice Plan with downsizing protection
- Age Partnership Equity Release Plans for aged 55 and above
- Canada Life Second Home Voluntary Select Plan, where interest is added to the loan
- Liverpool Victoria LV Equity Release Plans which is a popular type of help for loved ones.
- HSBC Equity Release retirement interest only mortgage
- Saga Equity Release Plans with no need to make repayments
Does Lloyds Bank do an Equity Release?
Yes, Lloyds Bank Equity Release is 2.17% APR.
- Bridgewater Equity Release Plans allow you to get a release from your home before the sale of your home.
- Hodge Lifetime Flexible Drawdown Plan, where you can take the money in smaller chunks
- Just a retirement-defined benefit that is better than home reversion plans
- Liverpool Victoria LV Equity Release Schemes on your main residence
- More to Life Capital Choice Plus Plan is similar to a standard mortgage
- Pure Retirement Equity Release Plans with free solicitors’ fees
Does Lloyds Bank do Pensioner Mortgages?
Yes, Lloyds Bank Pensioner Mortgages are 2.28% APRC.
- Nationwide Equity Release Plans: Most lifetime mortgages allow you to maintain legal home ownership, depending on your circumstances.
- Lloyds Bank Equity Release Plans without making monthly repayments
- Royal Bank of Scotland Equity Release Schemes are administered by someone with a specialist qualification.
Drawbacks of Lloyds Bank Equity Release
Monthly payment equity release can reduce your estate value. Monthly payment equity release may affect eligibility for benefits. You may need to pay legal fees, and you may have higher rates to pay under some schemes.
Does Lloyds Bank offer Equity Release under 55?
Yes, Lloyds Bank Equity Release Under 55 is 1.93% APR.
Applications of Lloyds Bank Equity Release
Can be a vehicle to reduce tax bills and interest rates are attractive. Use the money to keep another family member away from a high LTV mortgage or pay off your debts, like loans and credit cards, so you have more monthly disposable income.
Does Lloyds Bank offer Retirement Mortgages?
Yes, Lloyds Bank Retirement Mortgages are 2.18% APR.
Lloyds Bank equity release doesn’t exist, but may exist in the future.
Does Lloyds offer a retirement remortgage over 60?
Yes, Lloyds retirement remortgages for the over 60s are available at a 5.02% MER variable rate.
Does Lloyds offer pensioner remortgages for individuals over 60?
Yes, a Lloyds pensioner remortgage for people over 60 is a 3.31% MER variable.
Does Lloyds offer a later life remortgage for people over 60?
Lloyds’ later-life remortgages for the over 60s are available at a variable rate of 3.94% APR.
Does Lloyds offer the best remortgages for those over 60?
Yes, Lloyds has the best remortgage for retirees over 60, with a 3.39% fixed rate APR.
Does Lloyds offer a remortgaging option for people over 60?
Yes, Lloyds’ remortgaging options for people over 60 are 3.69% AER fixed.
Does Lloyds offer mortgage calculators for those over 60?
Yes, a Lloyds mortgage calculator for homeowners over 60 will show a 3.32% APRC variable.
Does Lloyds offer an RIO mortgage for people in their 60s?
Lloyds RIO mortgages for people over 60 are fixed at 3.74% APR.
Does Lloyds do a retirement interest-only mortgage over 60?
Yes, Lloyds retirement interest-only mortgages for over 60s are 3.83% AER variable.
- More to Life Lifetime Mortgage No Payments with no early repayment charge
- Buy To Let Home Loan with free specialist equity release adviser
- Prudential Equity Release Interest Rates
- More to Life Equity Release Mortgage – Updated For May 2025
- Nationwide Lifetime Mortgage Reviews to release tax-free cash
- Legal and General Equity Release Best Deals to get a lifetime mortgage debt
- Crown Equity Release Advice for a one lump sum
- Stonehaven Equity Release Mortgage with no advice fees
- Barclays Lifetime Mortgage Interest Only Rates – Updated For May 2025
- Stonehaven Lifetime Mortgage Calculator with free independent legal advice
- Commercial Remortgage Rates with a low overall cost
- Direct Lender Mortgage Loans to borrow money at a low rate
- Sunlife Equity Release Advice explaining the concept of compound interest
- Auction Bridging Finance with no arrangement fees
- Step Change – Equity Release Advice that offers two equity release options
- Remortgage With a Bad Credit Score to suit your financial circumstances
- Secured Loan Poor Credit Direct Lender with a monthly interest payment
- Just Retirement for a low-cost initial loan
- Barclays Retirement Mortgages paid for with sale proceeds
- Lv Equity Release Mortgage for your equity release questions
- Natwest Lifetime Mortgage Buy To Let Equity Release Product
- Retirement interest-only mortgages in Northern Ireland with low equity release costs
- Natwest Equity Release Best Deals for a tax-free lump sum
- Nationwide Equity Release Retirement for great equity release advice
- Norwich Union Equity Release Retirement deals for an equity release mortgage
- Equity Release Under 55 is a low-cost way of releasing equity
- Prudential Lifetime Mortgage No Payments equity release loan
- Commercial Bridging Loans paid for with retirement income
- Semi-Commercial Property Mortgage to raise cash.
- Lloyds Lifetime Mortgage Interest Only Rates to find how much equity you can release
- Age Partnership Interest Rate – Updated For May 2025
Lloyds Bank plc Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales No.2065. Telephone: 020 7626 1500.
Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
Get in touch
Get in touch.
Internet Banking
0345 300 0116
From abroad, call +44 173 323 2030
Telephone Banking
0345 300 0000
From abroad, call + 44 173 334 7007 – Updated For May 2025
https://twitter.com/AskLloydsBank
https://www.lloydsbank.com/help-guidance/customer-support.asp