- Remove tax-free money from your home with YBS Equity Release
- New lower rates from January 2025
- No monthly repayments unless you prefer
- RIO – retirement interest-only mortgages available for those with income
- Use the money to keep another family member away from a high loan to value mortgage
- Stay living in your property for as long as you like
How much can I release?
You can achieve 65% of your home’s valuation. For example, if your house is worth £220,000, you can get £143,000.
Frequent Finance Reviews
Mr Hayworth 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.
Mrs Heart from Aberdeen
I was struggling to pay my mortgage and had no money left for emergencies at the end of the month, 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 it’s wise to keep 100% ownership of my own home. 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, which would have been further away from my daughter and her children. Downsizing was a bad idea for me.
My lifetime mortgage was ideal as I had no monthly repayments and 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 fundamental to me. I am better off each month and have some tax-free cash ready if repairs to the house are necessary.
William from Birmingham
My son knew a guy who owned six pubs. Because of successive lockdowns caused by 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 Yardage from Sheffield
I had an old, tired car and an unreliable central heating system. Repair bills continually increased, leaving me with less money for holidays and other lovely 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 interest rates were very low in the 2025 equity release, and the negative press focused on people who had been ripped off with high rates in the past.
Even if my house price only increased slightly, 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!
Does Yorkshire Building Society do Equity Release?
Yes, Yorkshire Building Society Equity Release is 2.02% MER.
It’s common to find people looking for home reversion schemes, lump sum lifetime mortgages, or monthly payment lifetime mortgages. However, Age Concern, like Legal & General, is keen to see paperwork showing your situation in the form of investment statements.
Does YBS do Equity Release?
Yes, YBS Equity Release is 2.29% APR.
Equity Release LTV Percentages
The more aged you are and the sicker you are, the more tax-free cash you can release
UK Equity Release Lenders
- Lifetime Mortgage from L&G
- Stonehaven
- Key Solutions
- Stepchange
- YBS Equity Release
What percentage can be released with Equity Release Yorkshire Building Society?
- 55% monthly payment lifetime mortgage Legal & General
- 60% loan to value lifetime mortgage with flexible drawdown cash release Paragon Personal Finance
- 45% LTV lump sum lifetime mortgages Shawbrook
The first and second charge lenders will want to know if the property is a Freehold terraced house or a Leasehold flat and if the occupier is an Assured shorthold tenant.
Does Yorkshire Building Society do Retirement Mortgages?
Yes, Yorkshire Building Society Retirement Mortgages are 2.2% APRC.
Does YBS do Pensioner Mortgages?
Yes, YBS Pensioner Mortgages are 1.99% MER.
Equity Release Providers similar to YBS Equity Release
It’s usual to find people seeking out monthly payment equity release, monthly payment lifetime mortgage or lifetime mortgage with flexible drawdown cash release; however, Just Retirement, like VitalityLife Equity Release, is eager to see paperwork to show your circumstances in the form of bank statements.
Do Yorkshire Building Society do Pensioner Mortgages?
Yes, Yorkshire Building Society Pensioner Mortgages are 2.22% APR.
- More To Life Equity Release Plans
- Just Retirement Equity Release Schemes
- More to Life Flexi Choice Voluntary Payment Super Lite
- TSB Equity Release
- More to Life Capital Choice Plus Plan
- Saga home reversion plan
- Hodge Equity Release Plans
- HSBC Equity Release Plans
- Barclays Lifetime Mortgage
- YBS Equity Release
- NatWest Equity Release
- Royal Bank of Scotland Equity Release
- Age Partnership Interest Only Lifetime Mortgage
- Hodge Equity Release Schemes
- Just Retirement Drawdown Lifetime Mortgage
- L&G Legal & General Flexible Max Plus
- Liverpool Victoria LV= Flexible Lifetime Mortgage
- More to Life Flexi Choice Voluntary Payment Super Lite
- Age Partnership Equity Release
- Hodge Equity Release Schemes
- Just Retirement Equity Release
- YBS Equity Release
- Liverpool Victoria LV Equity Release Plans
- Nationwide Equity Release
Does YBS offer Retirement Mortgages?
Yes, YBS Retirement Mortgages are 2.28% MER.
Downsides of YBS Equity Release
A lifetime mortgage with flexible drawdown cash release can reduce your estate value.
Interest-only lifetime mortgages may impact the ability to claim benefits. You may need to pay a legal fee, and some products may expose you to changes in interest rates.
Does YBS do Equity Release Under 55?
Yes, YBS Equity Release Under 55 is 1.95% APR.
Applications of YBS Equity Release
It could be used to manage inheritance tax bills, and interest rates can be attractive. A low-rate loan can help the family buy a home or pay down debts, resulting in lower monthly outgoings.
Does Yorkshire Building Society do Equity Release Under 55?
Yes, Yorkshire Building Society Equity Release Under 55 is 2.04% APR.
Yorkshire Building Society is a member of the Building Societies Association and is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
Does the Yorkshire Building Society offer Lifetime Mortgages?
Yes, Yorkshire Building Society does lifetime mortgages at 2.07% APRC. Yorkshire Building Society Lifetime Mortgages have a loan to value of 55%.
Yorkshire Building Society is registered in the Financial Services Register, and its registration number is 106085. Its head office is Yorkshire House, Yorkshire Drive, Bradford BD5 8LJ.
References to ‘YBS Group‘ or ‘Yorkshire Group’ refer to Yorkshire Building Society, the trading names under which it operates (Chelsea Building Society, the Chelsea, Norwich & Peterborough Building Society, N&P, and Egg), and its subsidiary companies.
Does YBS do Lifetime Mortgages?
Yes, YBS offers lifetime mortgages at 2.19% MER and an LTV of 65%—updated for January 2025.
Unlocking the Value in Your Home: An Exploration of Equity Release, Lifetime Mortgages, and Retirement Interest Only Mortgages in the UK
As we progress through life, our financial goals and situations evolve. Property is one of the key assets many people in the UK accumulate over their lifetime. Over time, this property often appreciates, allowing homeowners to leverage its worth for financial flexibility. One of the most common means of doing so is through equity release, lifetime mortgages, and retirement interest-only mortgages. These financial products offer a unique approach to leveraging your home’s value, particularly as you approach or are in retirement. Let’s delve into these to understand them better.
Equity Release
Equity release refers to methods that allow you to access the equity (cash) tied up in your home without moving out. This often becomes a consideration for older homeowners, especially if they need to supplement their pension or have other significant expenses.
Benefits:
- There is no need to move out of your house.
- Provides a lump sum, regular income, or both.
- No monthly payments, depending on the plan chosen.
Considerations:
- Reduces the inheritance value of your home.
- It might impact means-tested state benefits.
- Interest can accumulate, increasing the amount you owe over time.
Lifetime Mortgages
A lifetime mortgage is the most popular type of equity release. With this approach, you take out a mortgage secured on your property while retaining ownership. Instead of making repayments, the interest is typically rolled up, accumulating over time and repaying when the property is sold, either when you pass away or move into long-term care.
Benefits:
- You remain the owner of your property.
- No required monthly repayments.
- Flexible ways to access funds.
Considerations:
- Compound interest can mean the amount owed grows quickly.
- It might not leave much for inheritance.
- Early repayment charges could apply if you decide to pay off the mortgage sooner.
Retirement Interest Only Mortgages
Retirement Interest Only (RIO) mortgages are a newer concept. With RIOs, you borrow a sum of money against the value of your home and only pay back the interest each month. The loan itself is repaid when the property is sold.
Benefits:
- Monthly repayments are typically lower than traditional mortgages since you only cover the interest.
- It can provide a way to stay in your home if your previous mortgage is coming to an end.
- Loan duration is open-ended.
Considerations:
- Monthly interest payments are required.
- The principal loan amount remains outstanding until the property is sold.
- Not all providers offer RIO mortgages.
Halifax Retirement Interest-Only Mortgage Rates
Halifax, one of the UK’s leading mortgage providers, offers competitive RIO mortgage rates tailored to retirees’ financial needs. For a comprehensive view of its offerings, explore Halifax Lifetime Mortgage.
Nationwide Rio Mortgage Rates
Nationwide is renowned for its diverse mortgage offerings, including RIOs. Those considering an RIO mortgage with Nationwide should investigate their rates and terms to ensure they align with their financial objectives. More details can be found on Best Lifetime Mortgage Rates.
Mortgage For Over 70S – Yorkshire Building Society mortgage
The financial market recognizes the unique needs of older homeowners. As a result, several providers offer mortgages tailored for those aged 70 and over. To explore these options in detail, visit Mortgages for Pensioners Over 70.
Retirement Interest Only Mortgage Rates 2025
The dynamic nature of the financial market means mortgage rates fluctuate over time. For the most up-to-date rates in 2025 for RIO mortgages, potential borrowers should review Best Retirement Interest Only Mortgage Rates.
Nationwide Shared Ownership Mortgage Calculator
Shared ownership is a unique way to enter the property market. Nationwide offers shared ownership mortgage options and tools like calculators to help prospective borrowers gauge the feasibility of such an undertaking. More about their shared ownership offerings can be discovered at Nationwide Equity Release Rates.
Natwest Equity Release
Natwest provides equity release solutions tailored for older homeowners, especially those over 75. Their product offerings can be a viable financial solution for those looking to release funds from their homes. Dive deep into their offerings at Natwest Lifetime Mortgage Over 75.
Navigating the Options for Mortgages Equity Release
Choosing the right mortgage product is a pivotal decision. The above offerings provide diverse options to cater to individual financial situations. It’s crucial to analyze each product’s benefits and limitations thoroughly. Seeking expert advice from financial consultants or mortgage advisers can help you understand the nuances of each offering and guide you towards a decision that aligns with your financial and personal goals. As with all financial commitments, being well-informed ensures that your chosen path aligns seamlessly with your retirement aspirations, providing peace of mind and economic stability.