Properties Not Eligible For Equity Release Agreements

[HAMMEROFTHOR]

Can anyone tell me the categories of houses that would be ineligible for an equity release agreement? Many thanks.

[ubasses]

About halfway down the following link there is a list that may help you.
https://www.drewberryinsurance.co.uk/financial-advice/what-is-equity-release

[Buenchico]

Typically . . .
Low value properties (perhaps those worth less than £100,000)
Leasehold properties with only a short lease left on them (often less than 90 years)
Sheltered housing and other properties with an age restriction upon the occupants.
Properties with 'non-standard' structures (such as timber-framed or thatched buildings).
Properties with a history of subsidence or in an area of coastal erosion.
Properties with a history of flooding within, perhaps, the past previous 10 years.
Park homes.
Sometimes ex-council (or ex-housing association / ex-MOD) properties.
Properties used for commercial purposes (such as B&Bs).

[List based upon about half an hour's googling and reading loads of stuff from equity release providers, such as this https://www.hodgeforintermediaries.co.uk/wp-content/uploads/2017/12/HL_LM_PROP-Property-Eligibility-55-1.pdf?v1 ]

[HAMMEROFTHOR]

Thanks for the link and the info ubasses, it contained the very info I was looking for! Much obliged. Have a nice evening, cheers

[Tilly2]

I hope you manage to achieve your aim, Hammer.

[bednobs]

never mind about your 1/2 hour research then chris!

[HAMMEROFTHOR]

Buenchico, many thanks! Much useful info on the link you sent me, and the list with it. I'm very grateful; kind regards and cheers

[HAMMEROFTHOR]

Tilly2 Thankyou... me and my wife are getting elderly and trying to figure this out for the future...and bednobs- if 'Chris' is the same person as Buenchico (?), I have answered Buenchico and said thanks for the info. Its all very helpful.