Lifetime Mortgages With a lifetime mortgage, because of the lenders no negative equity guarantee, the maximum amount that you can borrow depends on your age (or the age of the youngest in joint applications) and the value of your property, up to a maximum currently of 56% of the property's value. The following table aims to give an indication of the maximum percentage some lifetime mortgage providers may be prepared to lend, both for a single lump sum scheme and for a lifetime drawdown facility.

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For ages below 60

* Minimum initial release which % of property valuation must allow is £20,000. A lower initial release may be available on properties worth £100,000+

** Minimum initial release which % of property valuation must allow is £10,000.

Age above 60

Source: Source: Stonehaven February 2007, National Counties Building Society May 2006, Hodge Equity Release February 2007.

Norwich Union June 2006.

Please note: These are some provider’s current maximums, but percentages do change and some scheme may not be available in Scotland. This table is for guidance only to see if you can raise sufficient to pay off any mortgage or loan secured on the property, and does not constitute any advice or recommendations. Due to the interest being rolled up on the loan amount taken, we wouldn’t recommend that you take more than required.

This is a lifetime mortgage. To understand the features and risks ask for a personalised illustration.

Reversion Schemes

With Reversions schemes, providers only offer a percentage of the market value of whatever share of your home you wish to sell. The percentage you receive with a reversion scheme depends upon your age and sex - the older you are the more you will receive, and a male receives more at any given age than a similarly aged female due to men having shorter life expectancies. As a result there are no published tables of what lenders are willing to lend with a reversion scheme.

This is a home reversion plan. To understand the features and risks ask for a personalised illustration.

If you would like us to calculate how much you could release based on your specific circumstances, then please complete our online enquiry form and we will call you back.