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Equity release lifetime mortgage

People in the UK have benefited from the long term rise in property prices building up large amounts of equity over their working lives yet find the value of their income diminishes through retirement.

Equity release products will offer you a flexible way to access wealth from your property when needed which can enhance the quality of life for you and your family.

By using a lifetime mortgage to access cash you retain 100% ownership of your property ensuring your wealth can be given to your family and beneficiaries.

The amount you can borrow is age related so if you are aged 55 you can release 24% rising to 44% if you are aged 70 and at age 85 you can release 58% of the property value.

Interest rates of a lifetime mortgage have reduced considerably in recent years and for lower equity percentages of the property value, rates are from 3.50% pa.

Beyond retirement age the opportunity to increase income or create liquid capital may be limited yet equity is likely to continue to accumulate in your most value asset, your property that is not providing you with any immediate benefit.

You may find your income no longer stretches as far, although you have considerable wealth in tied up in your property.

Or perhaps you have enough income with little capital and would benefit yourself of a family member if you had more capital.

Equity release using a lifetime mortgage could be an ideal way of accessing the wealth locked in your property, to benefit you and your family if some or all of the following are important for you:
Important features of equity release
Access lump sums tax free
Spend the money on anything
No interest payments to make
Future drawdowns when needed
Keep 100% of your property
Cash lump sums can be gifted to children and grandchildren such as to help with a deposit to buy a property.

For larger estates, you can use equity release from your home to reduce the amount of inheritance tax to be paid by your beneficiaries.

Releasing cash from your home

The most popular types of equity release is a Lifetime Mortgage by taking a one-off lump sum or drawdown mortgage and allows you keep 100% of your home.

Interest rates with a lifetime mortgage are as low as 3.65% pa and you have the option to let the interest to roll-up, pay it off as you go or make a repayment of up to 10% of the loan each year without penalty.

An alternative is a home reversion plan where you transfer all or part of your property to a finance company in exchange for a lump sum.

The advantage of a lifetime mortgage is no affordability checks are required by the lender and no evidence of your retirement income is needed to offer you capital, unlike a conventional mortgage.

The lender calculates the amount you can borrow using the value of the property, your age and if you have medical conditions, this could increase the loan to value.

Equity release can help you to access the capital while allowing you to remain in your home for your lifetime or until you move to a care home.
Benefits of Using Equity Release Plans
Gives you tax-free cash to spend as you wish
You keep 100% ownership of your home
Available to any homeowner aged 55 to 95
Repay 10% of the loan each year without penalty
Allows you to live in your own home for your lifetime
No monthly interest payments to make
Take smaller cash amounts over time when needed
You never owe more than the value of your home
You can use equity release to buy a new home
Move home and take the plan with you
Reduce inheritance tax owed by your beneficiaries
Gift a deposit to children or grandchildren to buy a home
The lenders we recommend are approved by the Equity Release Council which guarantees you will never owe more than the value of your property.

How we can help

As independent equity release advisers we do the work for you to search and find the best mortgages from the whole market.

We also have access to unique offers not automatically offered by lenders such as free valuations to help reduce your costs.

London City Mortgages gives you the control through your dashboard to select your preferred equity release plan. You have control as to when you start your online application 24/7 on desktop, tablet or smartphone to release equity.

Lifetime mortgages are complex financial arrangements and we can help you make sense of the technical jargon, take you through the benefits of each lifetime mortgage lender. There are a wide range of products with varying features, benefits terms and conditions which can have an impact on how you change the mortgage in the future.

We can recommend the most suitable and affordable options based on your individual circumstances and needs including future flexibility to make the online equity release process easy for you.

Equity Release

Equity Release Best Buys

These are examples of equity release products we can approach with many more offering interest rates and flexibility to meet your needs.

2.75% Fixed Rate
Interest Roll-Up
25% Loan to Value
£5 App Fee
2.79% AER
2.44% Fixed Rate
Interest Roll-Up
25% Loan to Value
£895 App Fee
2.47% AER
2.60% fixed Rate
Interest Roll-Up
25% Loan to Value
£629 App Fee
2.63% AER
2.60% Fixed Rate
Interest Roll-Up
25% Loan to Value
£650 App Fee
2.63% AER

Get started now with a
Free Equity Release Quote

As equity release advisers we can recommend products with the flexibility to meet your needs. Access your quotes via your dashboard to start your equity release application online 24/7 using a tablet or smartphone if you are on the move or from the comfort of your home.

Call for your free quote 0800 955 0058

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Call for your free quote 0800 955 0058


    Equity Release may involve a Lifetime Mortgage or a Home Reversion Scheme. To understand the features and risks, please ask for a personalised illustration. Equity Release may affect your entitlement to means tested state benefits and will impact on the size of your estate. For Equity Release London City Mortgages charge a fixed fee upon completion of £695. For Mortgages a fixed fee is charged on application. Typically this is from £295 up to £495 for the services selected.


    Equity Release - Equity Released from your home will be secured against it. Mortgages – Your home may be repossessed if you do not keep up repayments on your mortgage or other loans secured against it. Think carefully before securing other debts against your home. The information contained in this website is subject to the UK regulatory regime and is therefore intended for consumers based in the UK.


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    London City Mortgages Limited is a registered company in England & Wales under company number 09278987. London City Mortgages Limited is an Appointed Representative (FCA no. 655965) of Blackstone Moregate Limited (FCA no. 459051) which is authorised and regulated by the Financial Conduct Authority. LCM and LCM Equity Release are trading names of London City Mortgages Limited.

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