Prudential Lifetime Mortgages

 

  • Release money from your home
  • You don’t need to make monthly payments
  • Use the equity released for anything you like
  • Continue to stay in your house
  • Help a family member buy their first home
  • Your Requirements

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Feefo
ombudsman
Wandsworth House
Money tied up in house
Cash tied up in home

It is often found to find people seeking out interest-only lifetime mortgages, lump sum lifetime mortgages or lump sum lifetime mortgages, however, the Telegraph like Fortify Insurance Solutions are keen to see paperwork to show your personal situation in the form of pension statements.

Equity Release LTV

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

UK Equity Release Scheme Providers

  • Key Solutions
  • New Life
  • Sunlife Plans
  • Stonehaven Mortgage
  • Zurich

Equity Release LTV

  • 50% lumpsum lifetime mortgages LV Liverpool Victoria
  • 50% loan to value (LTV) lumpsum lifetime mortgages Bower
  • 30% loan to value monthly payment lifetime mortgage United Trust Bank

The 1st and 2nd charge lender will want to know if the property is a Freehold terraced house or a Leasehold flat with share of freehold and if the occupier is a Assured shorthold tenancy tenant.

Lenders for Equity Release

It is usual to find people searching for monthly payment equity release, monthly payment life time mortgage or home reversion plans, however, Age Partnership like Aegon are eager to see evidence of your personal circumstances in the form of bank statements.

  • Aviva Lifetime Mortgages
  • Canada Life Lifestyle Gold Flexi
  • Nationwide Equity Release Schemes
  • Saga home reversion schemes
  • Aviva Lifetime Mortgages for Pensioners
  • Canada Life Lifestyle Gold Flexi
  • Just Retirement Interest Only Lifetime Mortgage
  • L&G Legal & General Flexible Max Scheme
  • Nationwide Equity Release Plans
  • TSB Lifetime Mortgage
  • NatWest Interest Only Lifetime Mortgage
  • Saga Equity Release Plans
  • Age Partnership Interest Only Lifetime Mortgage
  • Hodge Equity Release Schemes
  • Liverpool Victoria LV Equity Release Schemes
  • Stonehaven Interest Select Plan
  • HSBC Equity Release Plans
  • Lloyds Bank Equity Release
  • Barclays Equity Release Schemes
  • L&G Legal & General Premier Flexible Lifetime Mortgage
  • Pure Retirement Lifetime Mortgage
  • Stonehaven Lifetime Mortgage
  • Lloyds Bank Equity Release Plans
  • NatWest Interest Only Lifetime Mortgage

 

Downsides of Equity Release Schemes

Monthly payment equity release can reduce your estate value. Lifetime mortgage with flexible drawdown cash release may impact ability to claim entitlements. You may need to pay a legal fee and you could have higher rates to pay with some schemes.

Benefits of Equity Release Plans

Could be used to help tax planning and interest rates can be quite low. Low cost way of helping family to buy their own home or pay off your own debts like loans and credit cards so you have lower monthly outgoings.