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4.79% MER More to Life Lifetime Mortgages – Free Valuation – Updated For 2024

More to Life Lifetime Mortgages
  • Remove tax-free equity from your property using More to Life Lifetime Mortgages
  • No need to make monthly payments unless you would like to pay interest only
  • Use the money to pay off debts
  • No early repayment charges
  • Are you still paying a mortgage? We can help with that
  • Continue to live in your own home
  • Free valuation
  • No product fees

How much cash can I release in 2024?

You can release 65% of the valuation of your home. As an example, if your home is worth £290,000 you can borrow £188,000.

  • Your Requirements

  • About You

Reviews of Product

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 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 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 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.

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. 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.

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!

Raise money with your home
uk retirement pension mortgage

Nationwide Mortgages For Over 70s
Metrobank Equity Release
Pensioner Mortgages

Equity Release Yorkshire Building Society YBS

Metrobank Lifetime Mortgage

Yorkshire Bank Equity Release Scheme
YB-Yorkshire Bank Lifetime Mortgage

Legal & General Lifetime Mortgage

  • Your Requirements

  • About You

More to life equity release rates for January 2024

After the shock of the mini-budget by Liz Truss, interest rates have come back down significantly for More 2 life equity release.

It is often found to discover people looking for lump sum lifetime mortgages, monthly payment lifetime mortgages or home reversion plans, however, Age Concern like Legal & General are keen to see evidence of your circumstances in the form of investment statements.

How much is it common to release from a home

The more elderly you are and the unhealthier you are, the more tax-free money you can release

UK Equity Release Providers similar to moretolife equity release.

  • Age Concern
  • LV equity release
  • Key Solutions
  • Step Change
  • moretolife equity release lump sum
  • AIG Life

What percentage can be released?

  • 60% home reversion schemes Legal & General
  • 50% loan to value monthly payment lifetime mortgage Key Retirement
  • 30% LTV lump sum lifetime mortgages United Trust Bank
  • 25% loan to value interest-only lifetime mortgages Evolution Money
retired pensioner remortgage

The lender will want to know if the property is a Freehold house or a Leasehold flat and if the occupier is an AST Tenant.

Equity Release Scheme Providers similar to More to Life Lifetime Mortgages

It is often found encounter people looking for a monthly payment lifetime mortgage, monthly payment lifetime mortgage or lifetime mortgage with flexible drawdown cash release however Lifetime mortgages from L&G like Zurich are eager to see proof of your situation in the form of pension statements.

Do More to Life do Equity Release?

Yes, More to Life Equity Release is 2.14% MER.

Homeowner in their 70s
  • Canada Life Interest Select Gold Flexi
  • Hodge Indexed Lifetime Mortgage
  • L&G Legal & General Flexible Plus Lifetime Mortgage
  • Pure Retirement Equity Release
  • Stonehaven Equity Release
  • Lloyds Bank Lifetime Mortgage
  • More to Life Tailored Choice Plan
  • More to Life Lifetime Mortgages
  • Age Partnership Equity Release Plans
  • Bridgewater Equity Release Schemes
  • Hodge Indexed Lifetime Mortgage
  • L&G Legal & General Flexi Max Voluntary Repayment Plan
  • Pure Retirement Drawdown Plan
  • HSBC Equity Release
  • Age Partnership Interest Only Lifetime Mortgage
  • Just Retirement Equity Release Plans
  • Stonehaven Interest Select Plan
  • Nationwide Equity Release Schemes
  • Barclays Equity Release Plans
  • Just Retirement Equity Release Plans
  • More to Life Tailored Choice Plan
  • Pure Retirement Classic Drawdown Lite Plan
  • Stonehaven Equity Release Plan
  • HSBC Equity Release Schemes
  • Lloyds Bank Equity Release
  • Barclays Lifetime Mortgage
  • NatWest Equity Release
  • Royal Bank of Scotland Equity Release Plans
more to life
mortgages for pensioners over 70

Do More to Life do Pensioner Mortgages?

Yes, More to Life Pensioner Mortgages are 2.12% APRC.

Disadvantages of More to Life Lifetime Mortgages – morelife equity release

Home reversion schemes can reduce your estate value. Lump-sum lifetime mortgages may impact the ability to claim entitlements. You may need to pay a valuation fee, and you could have higher rates to pay with some schemes.

Does More to Life offer a retirement remortgage for retired homeowners over 60?

Yes, More to Life retirement remortgages for the over 60s are 3.61% APRC variable.

Does More to Life offer a pensioner remortgage over 60?

Yes, More to Life pensioner remortgages for over 60s are 3.99% APRC fixed for life.

Does More to Life do a later life remortgage over 60?

Yes, More to Life later life remortgages for over 60s are 3.44% AER fixed.

Does More to Life do the best remortgage for retired over 60?

Yes, More to Life the best remortgages for the over 60s are 3.42% APR fixed for life.

Does More to Life offer remortgaging options for over 60s?

Yes, a More to Life remortgaging option for people over 60 is 3.09% MER variable.

Does More to Life offer a mortgage calculator over 60?

Yes, More to Life mortgage calculators for the over 60s shows 3.04% APR fixed.

Does More 2 Life do RIO mortgages for people over 60?

Yes, a More to Life RIO mortgage for over 60s is 3.07% MER fixed.

Does More2Life do retirement interest only mortgages for over 60s?

Yes, a More to Life retirement interest only mortgage for homeowners over 60 is 3.83% AER fixed for life.

Uses of More to Life Lifetime Mortgages

Often used to help tax planning and the interest rates can be quite low. Help a family member buy their own home with a smaller mortgage or pay down your credit cards and loans, so you have lower monthly outgoings.

Examples of plans include More to Life – Capital Choice Plus Plan, More to Life – Flexi Choice Voluntary Payment Super Lite, More two Life Capital Choice Plan, More to life Flexi Choice Drawdown Lite Plan or More to Life Lifetime Mortgages.

Do More to Life do Retirement Mortgages?

Yes, More to Life Retirement Mortgages are 1.86% MER.

Do More to Life Do Equity Release Under 55?

Yes, More to Life Equity Release Under 55 is 1.86% MER.

Does More to Life offer Lifetime Mortgages?

Yes, More to Life does lifetime mortgages at 2.21% APRC. More to Life Lifetime Mortgages can have a loan to value of 55% – Updated For January 2024.

Access the money tied up in your house with TAX-FREE More to Life Lifetime Mortgages. Great low rates and no fees to pay. New lower rate from January 2024.