Enhanced Lifetime Mortgage Plans

Drawdown

Drawdown lifetime mortgages are the popular choice for those wanting flexibility. Drawdown allows the withdrawal of an initial lump sum, followed by future access to a cash reserve facility for extra funds whenever required. Therefore, drawdown helps limit the compounding effect of interest, thus reducing ‘roll-up’.
Lump Sum

Lump Sum equity release schemes are designed to provide a one-off capital amount to spend as you wish. They are usually required for homeowners requiring a maximum equity release lump sum. Each lifetime mortgage has its own specific loan-to-value ratio for calculation maximum release purposes.
Voluntary Repayment

Voluntary Repayment equity release schemes are designed to provide flexibility for the homeowner to manage the future balance of their lifetime mortgage plan. Lenders offering voluntary partial repayments set a maximum 15%pa repayment allowance of the original amount borrowed back to the provider.
Interest Only Lifetime Mortgage

An Interest Only Lifetime Mortgage is designed to assist the homeowner manage their equity release scheme by making repayments of part, or all of the interest charged by the lender. This interest payment could be made either monthly, annually or an ad-hoc basis to suit the future inheritance of your beneficiaries.
Retirement Mortgage

Retirement Mortgages are making a resurgence with some lenders & providing mortgages for pensioners. Filling the corridor of uncertainty between conventional mortgages and equity release plans, a retirement mortgage can provide lending into retirement on interest only or capital and repayment basis.
Ill-Health

Enhanced equity release mortgages are designed around the personal medical history of the applicant. Should poor health persist, underwriters will assess the effect this could have on life expectancy. If proven, lenders can adjust the maximum loan amount based on the state of health, or lower the interest rate.

Product	Type	Rate	APR	Exclusive
Pure Retirement - Classic Super Lite	Fixed	2.26%	2.39%	Yes
Legal & General - Premier Flexible Black	Fixed	2.28%	2.40%	Yes
Legal & General - Flexible Pink	Fixed	2.30%	2.40%	Yes
Legal & General - Flexible Yellow	Fixed	2.64%	2.70%	Yes
Just For You Lifetime Mortgage	Fixed	2.89%	2.90%	Yes
Aviva - Lifestyle Flexible Option	Fixed	2.75%	2.90%	Yes
Hodge - Flexible Drawdown Plan	Fixed	3.98%	4.20%	Yes
Canada Life - Capital Select Lite Flexi	Fixed	3.44%	3.57%	Yes

Product	Type	Rate	APR	Exclusive
Pure Retirement - Lump Sum Super Lite Plan	Fixed	2.26%	2.39%	Yes
More2Life Flexi Choice Super Lite Plan	Fixed	2.26%	2.41%	Yes
LV= Lump Sum+ Lifetime Mortgage	Fixed	2.46%	2.50%	Yes
Just For You Lifetime Mortgage	Fixed	2.84%	2.80%	Yes
Aviva - Lifestyle Lump Sum Max	Fixed	3.32%	3.40%	Yes
Hodge - Lump Sum Lifetime Mortgage	Fixed	3.83%	4.04%	Yes
Canada Life - Lifestyle Lite Plan	Fixed	2.65%	2.80%	Yes

Product	Type	Rate	APR	Exclusive
Pure Retirement - Classic Super Lite	Fixed	2.26%	2.39%	Yes
More2Life - Flexi Choice Super Lite	Fixed	2.26%	2.41%	Yes
LV= Lump Sum Plus Lifetime Mortgage	Fixed	2.46%	2.50%	Yes
Legal & General - Premier Flexible Black	Fixed	2.28%	2.40%	Yes
Aviva - Lifestyle Flexible Option Plan	Fixed	2.75%	2.90%	Yes
Hodge - Flexible Voluntary Repayment Plan	Fixed	3.98%	4.20%	Yes

Product	Type	Rate	APR	Exclusive
Pure Retirement - Classic Super Lite	Fixed	2.26%	2.39%	Yes
Legal & General - Premier Optional Payment Black	Fixed	2.28%	2.40%	Yes
Canada Life - Capital Select Lite	Fixed	3.24%	3.37%	Yes
One Family - Interest Payment Lite - Fixed	Fixed	4.34%	4.80%	Yes

Provider	Product	Type	Rate	APR	Exclusive
	The Family Building Society	Fixed	2.94%	4.30%	Yes
	Hodge 55+ Mortgage	Fixed	3.50%	3.59%	Yes

Product	Type	Rate	APR	Exclusive
Aviva - Lifestyle Flexible Enhanced Mortgage	Fixed	2.67%	2.80%	Yes
Just For You Lifetime Mortgage	Fixed	5.95%	5.90%	Yes
more2life - Tailored Enhanced	Fixed	6.10%	6.43%	Yes

About Us

NationwideEquityRelease website is a trading style of Equity Release Supermarket who are authorised and regulated by the Financial Conduct Authority. FCA no 584063. Registered Office: Genesis Centre, Science Park South, Birchwood, Cheshire. WA3 7BH Registered in England & Wales. Company number 6553466. We offer UK whole of market advice with no upfront fee and without obligation. We have advisers available on a nationwide basis and should a recommendation be accepted, following completion & release of funds, a fee of £995 is charged and we receive a procuration fee from the lender. To understand the features and risks of equity release schemes please ask for a personalised illustration.

© Copyright Nationwide Equity Release. Terms & Conditions. NationwideEquityRelease.com website is a trading style of Equity Release Supermarket who are authorised and regulated by the Financial Conduct Authority. FCA no 584063. Registered Office: Genesis Centre, Science Park South, Birchwood, Cheshire. WA3 7BH Registered in England & Wales. Company number 6553466. We offer UK whole of market advice with no upfront fee and without obligation. We have advisers available on a nationwide basis and should a recommendation be accepted, following completion & release of funds, a fee of £995 is charged and we receive a procuration fee from the lender. To understand the features and risks of equity release schemes please ask for a personalised illustration.

Enhanced Lifetime Mortgage Plans

About Us

Equity Release Schemes

Equity Release Tools

Latest Posts