Norwich Union Lifetime Mortgage

  • Release cash from your home with the help of Norwich Union
  • No monthly payments
  • Use the money you release for anything you like
  • Continue to stay in your house
  • Can be used to manage inheritance tax bills – please get advice on this issue
  • Your Requirements

  • About You

  • Please enter a value between 25 and 110.
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Feefo
ombudsman
Cash tied up in home
Home with equity
West London Home
Homeowner in their 60s
London House

Its very regular to find individuals seeking out monthly payment life time mortgage, home reversion plans or interest-only lifetime mortgages, however, Key Retirement like AA equity release are keen to see evidence of your situation in the form of bank statements.

Equity Release LTV

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

UK Lenders for Equity Release

  • Age Concern
  • LV equity release
  • Legal and General
  • Norwich Union

How much is it common to release from a home

  • 55% home reversion plans Fortify Insurance Solutions

Cash tied up in home
The mortgage lender will want to know if the property is a Semi detached freehold house or a Leasehold house and if the occupier is a Assured shorthold tenancy tenant.

Equity Release Lenders

It’s very regular to encounter people looking for monthly payment life time mortgage, monthly payment life time mortgage or monthly payment equity release, however, Sunlife Plans like VitalityLife Equity Release are eager to see paperwork to show your personal situation in the form of pension statements.

  • Aviva Equity Release Plans
  • More 2 Life Capital Choice Plus Plan
  • Just Retirement Equity Release Schemes
  • More2Life Tailored Choice Plan
  • Lloyds Bank Lifetime Mortgage
  • TSB Lifetime Interest Only Mortgage
  • Saga home reversion schemes
  • Age Partnership Equity Release Plans
  • Aviva Lifetime Mortgages for Pensioners
  • L&G Legal & General Flexi Max Voluntary Repayment Plan
  • HSBC Equity Release Schemes
  • NatWest Equity Release Plans
  • Saga Lifetime Mortgage
  • Bridgewater Equity Release Plans
  • Hodge Lifetime Mortgage Flexible Drawdown Plan
  • Liverpool Victoria LV= Lump Sum Plus Lifetime Mortgage
  • More to Life Flexi Choice Voluntary Payment Super Lite
  • Barclays Interest Only Lifetime Mortgage
  • Canada Life Equity Release
  • Hodge Equity Release Plans
  • L&G Legal & General Flexi Max Voluntary Repayment Plan
  • Stonehaven Lifetime Mortgage
  • HSBC Equity Release
  • Lloyds Bank Equity Release

 

Drawbacks of Lifetime Mortgages

Lumpsum lifetime mortgages can reduce the inheritance for your family. Lumpsum lifetime mortgages may impact ability to claim entitlements. You may need to pay a valuation fee and you could be exposed to changes in interest rates with some products.

Benefits of Lifetime Mortgages

Can help tax planning and interest rates can be attractive. Help a family member buy their own home with a smaller mortgage or pay down your own credit cards and loans so you have more monthly disposable income.