how much can i borrow
How Much Can I Borrow?
Lifetime Mortgages
With a lifetime mortgage the amount that can be borrowed depends on your age (or the age of the youngest applicant, if there's two of you) and the value of your property, up to a maximum of 56% of the property's value. The table below gives an indication of the amount some equity release providers may be prepared to lend.
How much can you release?
Example: Mr Jones is 70 and owns a home worth £180,000. He decides to raise some of the equity in his property to fund home improvements, buy a new car and take more holidays. With a lifetime mortgage he could raise a maximum of £64,800 (36%).
| Age | 55 |
56 |
57 |
58 |
59 |
| Max LTV Available |
21.5% |
22.5% |
23.5% |
24.5% |
25.5% |
| Age | 60 |
61 |
62 |
63 |
64 |
| Max LTV Available |
26.5% |
27.5% |
28.5% |
29.5% |
30.5% |
| Age | 65 |
66 |
67 |
68 |
69 |
| Max LTV Available |
31.5% |
33.5% |
34.5% |
35.5% |
36.5% |
Age |
70 |
71 |
72 |
73 |
74 |
Max LTV Available |
37.5% |
38.5% |
39.5% |
40.5% |
41.5% |
Source: The Exchange 22/11/2007
Equity Release may involve a Lifetime Mortgage or a Home Reversion Plan. To understand the features and risks please ask for a personalized illustration.
Registered Office: Centrix House, Crow Lane East, Newton Le Willows, WA12 9UY Registered in England and Wales No: 05195106
Equity Release Solutions Limited is an appointed representative of Personal Touch Financial Services Limited, which is authorised and regulated by the Financial Services Authority.
The guidance within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK
For our advice we charge a fee of typically £595 paid on completion and we receive commission from the lender.
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