Liverpool Victoria Equity Release Plans
- Remove tax-free equity from your property
- Not necessary to make regular monthly payments
- Use the money for a motorhome or new car
- Still, have some mortgage outstanding? No problems
- Continue to stay in your house
- Could be used to manage inheritance tax bills
It is often found to discover individuals looking for home reversion schemes, interest-only lifetime mortgages or home reversion plans, however, Bower like VitalityLife Equity Release are keen to see paperwork to show your personal situation in the form of pension statements.
Equity Release LTV Percentages
The more aged you are and the more serious your illnesses you are the more cash you can release
Lenders for UK Equity Release
- Sunlife Plans
- Step Change
- Key Solutions
What percentage can be released?
- 55% home reversion schemes Aegon
- 35% loan to value monthly payment equity release Saga
- 30% loan to value home reversion plans Prestige Finance
- 35% loan to value monthly payment lifetime mortgage West One
- 30% loan to value home reversion schemes Saffron Building Society
The mortgage lender will want to know if the property is a Detached freehold house or a Leasehold flat with share of freehold and if the occupier is an Assured shorthold tenancy tenant.
Lenders for UK Equity Release
Its common to discover individuals searching for lumpsum lifetime mortgages, lump sum lifetime mortgages or home reversion plans, however, Age Partnership like LV Liverpool Victoria are eager to see paperwork to show your personal situation in the form of bank statements.
- More 2 Life Tailored Choice Plan
- Liverpool Victoria LV Equity Release
- Nationwide Equity Release Schemes
- Lloyds Bank Equity Release Plans
- TSB Lifetime Interest Only Mortgage
- Barclays Equity Release Schemes
- NatWest Equity Release
- Saga Equity Release Plans
- Age Partnership Equity Release
- More2Life Flexi Choice Voluntary Payment Super Lite
- Hodge Lifetime Flexible Voluntary Repayment Plan
- Pure Retirement Classic Voluntary Payment Super Lite
- Lloyds Bank Lifetime Mortgage
- NatWest Lifetime Mortgage
- Royal Bank of Scotland Lifetime Mortgage
- Aviva Equity Release
- Bridgewater Equity Release Plans
- Liverpool Victoria LV Equity Release
- More 2 Life Flexi Choice Voluntary Payment Super Lite
- Lloyds Bank Equity Release
- Age Partnership Equity Release Plans
- Liverpool Victoria LV= Lump-Sum Plus Lifetime Mortgage
- Stonehaven Equity Release Scheme
- HSBC Interest Only Lifetime Mortgage
- TSB Lifetime Interest Only Mortgage
Downsides of Equity Release Plans
Lumpsum lifetime mortgages can reduce the value of your estate. Monthly payment lifetime mortgage may impact the ability to claim entitlements. You may need to pay a solicitor’s fee and you could be exposed to changes in interest rates with some products.
Uses of Home Reversion Plans
Often used to optimise tax planning and interest rates can be quite low. Help a family member buy their own home with a smaller mortgage or pay down your own debts so you can spend more of your monthly income.