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If you are over the age of 55 and own your home with or without a mortgage, with a property valued £70,000 or over, you may qualify for an equity release plan. Having an equity release plan will enable you to release a portion of the value of your home as a tax-free lump sum, or a number of smaller sums taken out over a set period of time.
Here at Beverleymoneyman, our qualified and experienced later life mortgage advisors in Beverley will provide a comprehensive service. An efficient team of case managers supports this, to make sure that your plan is put in place as soon as possible and inform you at every step of the entire process.
If you are looking for mortgage advice in Beverley to raise money to help children or grandchildren, repay existing mortgages or other debts, carry out home renovations, or increase your retirement income to cope with the current costs of living, our knowledgeable, friendly mortgage advisors in Beverley will help you achieve your goals.
A lifetime mortgage in Beverley enables you to release tax-free money from the value of your home. You will retain 100% ownership rights and you can stay in your home for the remainder of your life. Generally, a lifetime mortgage in Beverley will be repaid from the sale of your home after your death or by going permanently into care (with two borrowers this is the case for the last surviving member).
Over the past few years, lifetime mortgages in Beverley have become more versatile including options for voluntary payments, monthly interest payments and moving your mortgage to a different property.
As a trusted mortgage broker in Beverley will look thoroughly at your current circumstances, your past experiences, and what you are looking to accomplish in the future. This enables them to identify whether equity release in Beverley, is right for you, or if alternative options would be better suited for you.
If this like the right move for you to take, it will also enable your later life mortgage advisor in Beverley find you the most suitable product to suit you today and in the future from the whole of the market. There are two major types of equity release in Beverley – the lifetime mortgage that is available from 55+ and the home reversion plan (which involves selling all or part of your home).
Both types of equity release plans, lifetime mortgages and home reversion plans, are regulated by the Financial Conduct Authority.
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The fee is up to 1% but a typical fee is £995.
You should always think carefully before securing a loan against your property.
A lifetime mortgage will reduce the value of your estate and may affect your entitlement to means tested benefits.
Clearing existing mortgage with a lifetime mortgage may result in higher cost of borrowing.
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215 5 Star Reviews
Joseph Harros
As first-time buyers, we had very little knowledge of the mortgage process and found it quite daunting, especially with rising interest rates and uncertainty in the property market. We’re extremely grateful to Dinah and Jo for their support and would highly recommend UK Moneyman to any first-time buyer looking for a professional, knowledgeable and supportive mortgage broker.
29 Oct 2026
Jade Wilmot
As first-time buyers, we had very little knowledge of the mortgage process. We changed properties along the way, and our circumstances made the mortgage process more complex than we initially expected. Dinah and Jo were absolutely brilliant throughout. We would definitely recommend UK Moneyman to anyone looking to set up a mortgage.
29 Oct 2026
Diane A
First class service. Jason and Lizzie helped me immensely getting a good mortgage quickly when I found myself separated. They pulled out all the stops and even spoke to me after hours. Excellent and would highly recommend. I can’t thank them enough. I now have my dream home
28 Oct 2026
Chloe Gathergood
Paula and Jason have been so helpful in getting our first mortgage sorted. They were quick to answer any questions and very helpful with their advice. Thank you very much
23 Oct 2026
Rebecca Joy
Leo and Lizzi were exceptionally helpful. Leo gave us great advise, not just on products available, but on things like bidding on properties, whether we were likely to be approved for more complicated properties etc. Lizzi was very communicative and thorough in processing our application, and after our first sale fell through we didn't hesitate to use UK Moneyman again. Thanks so much to Leo and Lizzi!
15 Oct 2026
Callum Kennedy
Very helpful and informative. Made the process as easy as possible. Would recommend to other
14 Oct 2026
Barry Hall
I had a financial issue that I thought was pretty unique to myself. The help and solution to my financial question has been exceptional in every step of the way. A big thank you to Warren and Joe for all of your patience and technical expertise.
14 Oct 2026
Megan Whitlock
The team working with my profile were amazing, I was in constant communication with them, if I emailed and rang someone responded quickly and they were able to secure my mortgage within 6 weeks from my initial meeting which saved me a lot of messing around and stress. Great service thank you
14 Oct 2026
Linda Chadwick
Amazing company very helpful and patient fantastic staff at the Hull branch nothings to much trouble sorted me a morgage out quickly and efficient i would recommend them 100%
14 Oct 2026
Natalie Rose
We’ve had Elaine Tiernan as our mortgage advisor and she has helped us out so much in the process of being approved with our first mortgage. From working around our working hours to arrange phone calls and online teams meetings to being prompt to respond to our enquiries. Elaine has been nothing but helpful, professional and supportive in our journey this far and we are very grateful to have had her as our mortgage advisor. Thank you to Paula aswell for always checking up on us and ensuring the process was as smooth as possible. Natalie and Liam
13 Oct 2026
When you schedule a free initial mortgage appointment with our later life mortgage advisor in Beverley, we will engage in a thorough conversation regarding your objectives and strategies concerning inheritance.
While equity release and lifetime mortgages remain viable options, we consider them as last-resort solutions. Our belief is that there might exist a more suitable alternative tailored to your specific circumstances.
Knowing the significance of later life mortgages, we strongly encourage you to involve your family members or other trusted individuals in our discussions.
In the event that equity release is determined to be either suitable or unsuitable for your needs, our knowledgeable later life mortgage advisors in Beverley will direct you to the appropriate services that can further assist you in devising your plans.
After your free initial mortgage appointment, we will go and search for the most suitable lifetime mortgage deal in Beverley that matches your current financial situation and how you anticipate this changing in the future.
Your family is always welcome to be part of the advice process and we will always accommodate clients’ unique needs and circumstance if we possibly can.
As a trusted mortgage broker in Beverley, we have worked in the mortgage industry for over 20 years, helping customers achieve their mortgage goals.
We bring the same enthusiasm and dedication to providing the best, whole of market lifetime mortgage advice in Beverley for our valued older customers.
We will always do our best to help overcome any mortgage hurdle that we are faced with no matter how hard the situation becomes; we love a good challenge! We work for you, and no matter what, we will always have your best interests at heart.
We will be there for you through the whole process. With our continuous guidance and support, we will get through the mortgage journey together, aiming to take out all of the stress involved.
Our Home Buying App is a digital mortgage coach designed to help you save up, plan, and track your home buying journey – whether you’re buying your first home, or fancy a move.
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Beverleymoneyman is a trading name of UKMM Limited, which is an appointed representative of Mortgage Advice Bureau (Derby) Limited, who are authorised and regulated by the Financial Conduct Authority.
UKMM Limited is Registered in England, No. 16541342 | Registered Address: Capital House, Pride Place, Pride Park, Derby, England, DE24 8QR.
© Beverleymoneyman 2009–2026
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Beverleymoneyman is a trading name of UKMM Limited, which is an appointed representative of Mortgage Advice Bureau (Derby) Limited, who are authorised and regulated by the Financial Conduct Authority.
UKMM Limited is Registered in England, No. 16541342 | Registered Address: Capital House, Pride Place, Pride Park, Derby, England, DE24 8QR.
© Beverleymoneyman 2009–2026
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