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Step change Equity Release Over 60 Plans – 5.08% MER – No Valuation Fee – Updated For 2024

retirement interest only mortgages

Release tax-free cash from your house:

  • There is no need to make monthly payments unless you want interest only with Step Change Equity Release.
  • Free valuation
  • No product fees
  • No early repayment charges
  • No arrangement fees
  • 5.08% Fixed for life
  • Use the cash to pay off loans and credit cards
  • Stay living in your own home

How much money can I release?

You can achieve 65% of the valuation of your home. For example, if your house is valued at £280,000, you can release £182,000.

  • Your Requirements

  • About You

mortgages for pensioners over 70
Step change Equity Release
Equity release in house under 55
No product fee
  • Your Requirements

  • About You

Raise money with your home

It’s common to discover people looking for monthly payment lifetime mortgage, monthly payment lifetime mortgage or mortgage. However, Key Solutions like Aegon are keen to see proof of your situation through pension statements.

Equity Release LTV Percentages

The more aged you are and the unhealthier you are, the more money you can release

Lenders for Equity Release similar to Step change Equity Release

Equity Release LTV Percentages

The 1st and 2nd charge lenders will want to know if the property is a Freehold terraced or Leasehold house and if the occupier is an AST Tenant.

Does Step Change offer Equity Release?

Yes, the Step change Equity Release is 2.17% MER.

Equity Release UK Providers

It is often found to discover individuals searching for home reversion plans, monthly payment lifetime mortgage or monthly payment equity release; however, Key Solutions like Step change Equity Release are eager to see paperwork to show your circumstances in the form of investment statements.

Mortgages Over 70
Metrobank Equity Release
Pensioner Mortgages

Equity Release Yorkshire Building Society YBS

Metrobank Lifetime Mortgage

Yorkshire Bank Equity Release Scheme

Does Step Change offer Pensioner Mortgages?

Yes, Step change Pensioner Mortgages are 1.86% APRC. It would help if you tried the stepchange equity release calculator.

YB-Yorkshire Bank Lifetime Mortgage

Legal & General Lifetime Mortgage

  • More to Life Capital Choice Plus Plan
  • Hodge Indexed Lifetime Mortgage
  • Step change Equity Release
  • HSBC Lifetime Mortgage
  • TSB Equity Release Schemes
  • NatWest Equity Release
  • Canada Life Voluntary Select Gold
  • More to Life Flexi Choice Voluntary Payment Super Lite
  • HSBC Equity Release
  • Lloyds Bank Equity Release Plans
  • Just retirement equity release key features
  • Liverpool Victoria LV Equity Release Schemes
  • Nationwide Equity Release and Step Change financial solutions
  • HSBC Interest Only Lifetime Mortgage term lengths older people’s shared ownership
  • TSB Lifetime Interest Only Mortgage
  • Age Partnership Equity Release
  • Flexible Voluntary Repayment Plan
  • Just Retirement Interest Only Lifetime Mortgage
  • More to Life Capital Choice Plus Plan
  • Saga home reversion schemes
  • equity release calculator under 55

Downsides of Interest Only Lifetime Mortgages

Monthly payment equity release can reduce the value of your estate. A Lifetime mortgage with flexible drawdown cash release may impact entitlements to state benefits. You may need to pay a valuation fee, and you could be exposed to changes in interest rates with some products. The stepchange equity release reviews are excellent.

uk retirement pension mortgage

Does Step Change offer Retirement Mortgages?

Yes, Step change Retirement Mortgages are 2.23% MER.

Applications of Home Reversion Plans and Step Change Equity Release

It can be a vehicle to reduce tax bills, and interest rates can be attractive. Help a family member buy their own home with a smaller mortgage or pay down your debts so you can spend more of your monthly income.

Does Step Change offer a retirement remortgage over 60?

Yes, Step change retirement remortgages for over 60s are 3.67% AER fixed for life.

Does Step Change do a pensioner remortgage over 60?

Yes, Step change pensioner remortgages for over 60s are 3.2% AER variable.

Does Step Change offer later life remortgages for over 60s?

Yes, a Step change later life remortgage for homeowners over 60 is a 3.03% MER variable.

Does Step Change do the best remortgage for retired over 60?

Yes, Step change: the best remortgages for the over 60s are 3.89% MER fixed.

Does Step Change offer a remortgaging option for retired homeowners over 60?

Yes, Step change remortgaging options for over 60s are 3.05% MER fixed for life.

Does Step Change offer a mortgage calculator for homeowners over 60?

Yes, Step change mortgage calculators for the over 60s show a 3.3% MER variable.

Does Step Change do a RIO mortgage for homeowners over 60?

Yes, Step change RIO mortgages for over 60s are 3.53% APRC fixed for life.

Does Step Change offer retirement interest-only mortgages for retired homeowners over 60?

Yes, a Step change retirement interest only mortgage for the over 60s is 3.04% APR fixed for life.

Foundation for Credit Counselling Wade House, Merrion Centre, Leeds, LS2 8NG trading as StepChange Debt Charity and StepChange Debt Charity Scotland. A registered charity no.1016630 and SC046263. It is a limited company registered in England and Wales (company no: 2757055). Authorised and regulated by the Financial Conduct Authority.

Does Step Change do Equity Release Under 55?

Yes, the Step change Equity Release Under 55 is 1.85% MER.

Get advice on equity release and mortgages from our Financial Solutions team.

0808 3028 577

Mon-Fri 9 am-5 pm

StepChange Debt Charity
Wade House
Merrion Centre
Leeds
LS2 8NG
https://www.facebook.com/stepchangedebtcharity

Does Step Change offer Lifetime Mortgages?

Yes, Step Change does lifetime mortgages at 1.83% APRC. Step change Lifetime Mortgages have a loan to value of 75% – Updated For August 2024.