5.21% MER Stonehaven Equity Release and Lifetime Mortgages A+

Release cash from your house with Stonehaven equity release
No regular monthly payments
Free Valuation
No early repayment charges
No product fees
5.21% Fixed for life
Help a member of your family buy their own home that they couldn’t afford otherwise.
Continue to stay in your home
Often used as a vehicle to reduce tax bills

How much can I get in 2024?

You can release 60% of your home’s valuation. For example, if your house is valued at £290,000 you can release £174,000.

Reviews of Frequent Finance

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 had no 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.

William from Birmingham

My son knew a guy who owned six pubs. Because of successive lockdowns due to the COVID-19 coronavirus, he had to sell his holiday home in Cornwall quickly.

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.

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.

Mr Shaw from Bradford

I thought I would have to sell my home to repay 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, which I would have paid to move to a place I did not want.

The no negative equity guarantee and equity release council assurances were essential to me. I am better off each month and have some tax-free cash ready if repairs to the house are necessary.

Mrs Yardly from Sheffield

I had an old, tired car and unreliable central heating system. Repair bills continually mounted up, leaving me with 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 that equity release interest rates were very low in 2024, and the negative press focused on people who had been ripped off by 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 on repairs all the time!

Do Stonehaven do Equity Release?

Yes, Stonehaven Equity Release is 2.2% APR.

Individuals are often found searching for monthly payment lifetime mortgages, interest-only lifetime mortgages, or monthly payment equity releases. However, Key Retirement, like Aegon, is keen to see paperwork showing your situation in the form of pension statements.

Stonehaven Equity Release LTV

The older you are and the unhealthier you are, the more cash you can release

UK Equity Release Scheme Lenders

Aviva
More to Life
Stonehaven
TSB
HSBC

Does Stonehaven do Pensioner Mortgages?

Yes, Stonehaven Pensioner Mortgages are 2.01% APR.

How much is it common to release from a home similar to Stonehaven Equity Release

60% lump sum lifetime mortgages LV Liverpool Victoria

The mortgage lender will want to know if the property is a Freehold house or a Leasehold flat and if the occupier is an Owner Occupier’s Primary Residence.

Does Stonehaven do a retirement remortgage over 60?

Yes, Stonehaven retirement remortgages for the over 60s are 3.29% AER fixed for life.

Does Stonehaven offer a pensioner remortgage over 60?

Yes, Stonehaven pensioner remortgages for over 60s are 3.84% MER fixed.

Does Stonehaven offer later life remortgages for the over 60s?

Yes, a Stonehaven later life remortgage over 60 is 3.57% APRC fixed for life.

Does Stonehaven do Retirement Mortgages – the body representing equity release providers?

Yes, Stonehaven Retirement Mortgages are 1.96% APR.

Providers for Equity Release like Stonehaven Equity Release

It’s often found to discover individuals seeking out monthly payment lifetime mortgages, lump sum lifetime mortgages or lifetime mortgages with flexible drawdown cash release.

However, like LV Liverpool Victoria, More to Life is eager to see proof of your situation through investment statements.

Hodge Lifetime Mortgage Flexible Drawdown Plan
More to Life Tailored Choice Plan
TSB Lifetime Mortgage
More to Life Flexi Choice Drawdown Lite Plan
Royal Bank of Scotland Equity Release Plans

Does Stonehaven have the best remortgage for retired people over 60?

Yes, Stonehaven’s best remortgages for people over 60 are 3.1% AER variable.

Does Stonehaven do a remortgaging option for retired homeowners over 60?

Yes, Stonehaven remortgaging options for the over 60s are 3.96% APR fixed.

Does Stonehaven have mortgage calculators for people in their 60s?

Yes, a Stonehaven mortgage calculator for retired homeowners over 60 will show a 3.83% APR variable.

Canada Life Lifestyle Gold Flexi
Just Retirement Equity Release
Stonehaven Equity Release
Saga home reversion schemes
Hodge Lifetime Flexible Drawdown Plan
Nationwide Equity Release Schemes
HSBC Equity Release Plans

Does Stonehaven do a RIO mortgage over 60?

Yes, Stonehaven RIO mortgages for over 60s are 3.1% APR fixed.

Does Stonehaven offer retirement interest only mortgages over 60?

Yes, a Stonehaven retirement interest only mortgage for over 60s is 3.26% APR fixed for life.

TSB Equity Release
Barclays Equity Release Plans
Royal Bank of Scotland Equity Release Schemes
Hodge Lifetime Mortgage Flexible Drawdown Plan

Lloyds Bank Equity Release Plans
NatWest Equity Release Plans

Over 70 Mortgages
Metrobank Equity Release
Pensioner Mortgages

Equity Release Yorkshire Building Society YBS

Metrobank Lifetime Mortgage
Which? Equity Release Scheme
Yorkshire Bank Equity Release Scheme

YB-Yorkshire Bank Lifetime Mortgage
Which? Money Lifetime Mortgage
Legal & General Lifetime Mortgage

Pitfalls of Home Reversion Plans and Stonehaven Interest only lifetime mortgage

Interest-only lifetime mortgages can reduce the value of your estate. Lump sum lifetime mortgages may impact your ability to claim entitlements. You may need to pay a valuation fee, and with some products, you could be exposed to changes in interest rates.

Does Stonehaven offer Equity Release Under 55?

Yes, Stonehaven Equity Release Under 55 is 1.95% MER.

Benefits of Home Reversion Schemes

It could help tax planning, and interest rates on the money can be appealing. Help your family get a deposit for their own home or pay off your debts like loans and credit cards so you have lower monthly outgoings.

Stonehaven Equity Release

Does Stonehaven do Lifetime Mortgages?

Yes, Stonehaven does lifetime mortgages at 2.02% MER. Stonehaven Lifetime Mortgages can have a loan-to-value (ltv) of 60%.

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