Sorting by

×

5.21% MER Stonehaven Equity Release Over 60 Schemes – Free Valuation – Updated For 2024

Stonehaven Equity Release plans UK
  • 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.

  • Your Requirements

  • About You

Reviews of Frequent Finance

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

William from Birmingham

My son knew a guy that 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 and 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 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 exactly 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

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 about 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 that had been ripped off with high rates of 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!

retirement interest only mortgages
RIO
RIO
Mortgages for retired pensioners
  • Your Requirements

  • About You

Do Stonehaven do Equity Release?

Yes, Stonehaven Equity Release is 2.2% APR.

No product fee

It is often found to discover individuals searching for monthly payment lifetime mortgage, interest-only lifetime mortgages or monthly payment equity release, however, Key Retirement like Aegon are keen to see paperwork to show 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 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 mortgage with flexible drawdown cash release.

However, More to Life like LV Liverpool Victoria is eager to see proof of your situation in the form of 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 do the best remortgage for retired over 60?

Yes, Stonehaven’s best remortgages for over 60s 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 do mortgage calculators for over 60s?

Yes, a Stonehaven mortgage calculator for retired homeowners over 60 will show 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. Lumpsum lifetime mortgages may impact the 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.

Raise money with your home

Does Stonehaven offer Equity Release Under 55?

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

Benefits of Home Reversion Schemes

Could be used to 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

Do Stonehaven do Lifetime Mortgages?

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