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A lifetime mortgage in Beverley is a popular equity release product designed for those aged 55 and above.
It allows you to access funds tied up in your property without selling or moving out, making it ideal for those looking to enhance their retirement lifestyle.
The amount you can borrow depends on factors like your age, property value, and the type of plan you choose.
With a lifetime mortgage, you’ll retain full ownership of your home, and they are available on both freehold and leasehold properties.
Whether you want to fund home improvements, support family, or enjoy leisure activities, our mortgage advisors in Beverley can guide you through the options.
When exploring lifetime mortgages in Beverley, those aged 55 and above typically choose between a lump sum lifetime mortgage, which provides a single, tax-free payment perfect for covering significant expenses, and a drawdown lifetime mortgage, where funds can be released gradually as needed.
As a trusted mortgage broker in Beverley, we often suggest lifetime mortgages if you’re considering options like:
As providers of lifetime mortgage advice in Beverley, we often find that older borrowers use lifetime mortgages to purchase a property for a variety of reasons, including:
If a lifetime mortgage isn’t the best option for your circumstances, our team will recommend alternative mortgage products for the over-50s in Beverley, finding you the right solution for your needs.
Yes, a lifetime mortgage can be used to help those aged 55 and over fund a move to a new property.
This option can be particularly helpful if you’re looking to downsize to a smaller home, relocate to Beverley to be closer to loved ones, or purchase a property that better suits your retirement needs.
The funds from a lifetime mortgage can be used towards the cost of your new home while allowing you to retain ownership.
A mortgage broker in Beverley can guide you through the process, helping you choose a plan that aligns with your goals and ensures the move is financially feasible.
No, having a lifetime mortgage doesn’t mean you’re stuck with it permanently.
Many plans include flexible features, such as voluntary repayment options that allow you to pay off some of the balance over time, potentially reducing the amount owed.
Additionally, if your circumstances change, you may have the option to switch to a new lifetime mortgage with better terms or features.
Regular reviews with a mortgage broker in Beverley can help ensure your plan remains suitable and beneficial as your needs evolve.
As well as speaking with your later life mortgage advisor about whether equity release, and subsequently a lifetime mortgage, is right for you, it’s worth taking the time to consider any additional arrangements for the future.
There are several over 50’s life insurance policies available from our team that, if suitable for your circumstances, can help offset the cost of a lifetime mortgage over the life policy term.
We would also recommend discussing your lifetime mortgage plans with your family, updating your will, and setting up arrangements for any lasting powers of attorney.
These steps are important, as it is often your family, either as beneficiaries after your death or as attorneys should your mental capacity become impaired, who will be involved in selling the property to repay the lifetime mortgage.
Proper planning now not only ensures a smoother process for your loved ones later but can also make things more cost-effective in the long run.
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Hannah
I can't thank everyone enough for their help. They went above and beyond to make sure everything went smoothly - it would have been far more stressful had I not had their support. I'd recommend the company to anyone.
2 months ago
Anonymous
Yery good and professional.
4 months ago
Samuel
Helpful, responsive and friendly.
6 months ago
Sophie
Highly recommend! Chris talked me through everything and made sure I understood it all, great communication and a pleasure to deal with!
7 months ago
Kerry
Absolutely fantastic from start to finish, would highly recommend 😀 5*
10 months ago
Anonymous
My advisor Leo provided the personal tour ch through the whole process and his communication was very good, even texting me at weekends with any updates on my mortgage progress.
1 year ago
Anete
During mortgage application process my mortgage advisor and case handler was communicating with me very often which for me as a first time buyer was very important. Always open for questions and super flexible with first initial mortgage...
1 year ago
Anonymous
From start to finish perfect, friendly, professional and everything made clear and easy, Matt and Lizzi have been absolutely superb and ALMOST got use to my 'colourful language' Many thanks for all your help. Cheers 🍻
1 year ago
David
We use Beverleymoneyman - Mortgage Brokers for all our mortgage and insurance needs. They never fail to deliver and apply professionalism combined with insightful advice to obtain the best possible deal. Thanks to Leo and Jo for their help and...
1 year ago
Neil
This is the second time we have used Beverleymoneyman and we are not disappointed. Daniel talked us through the options we had and was really good at answering our questions. Jo ensured our application progressed and kept us informed at each...
1 year ago
Barbara
These people saved my life during the most stressful house purchase ever. All sorts of things happened and when most of the professionals involved were impossible to get hold of, everyone at UK Moneyman was just amazing, kind, thoughtful and...
1 year ago
Nicole
Could not recommend Matt and Megan enough! Being a first time buyer, I did not know what the buying process would entail. Thankfully, Matt and Megan explained everything as we went along. Matt went above and beyond to answer my calls when we...
2 years ago
Liam
Really good service and friendly too
2 years ago
Angela
Very pleased with the the service. Dan was very helpful and explained everything as the process went along in a clear way. All options were looked to see which would be the best option for myself. This made doing the product transfer hassle free.
2 years ago
Darren
Anna was brilliant from first contact to the end of the process was just a few days and I didn’t have any stress at all Will definitely recommend
2 years ago
Chris
Brilliant service from start to finish, we had no idea on the process and every little question has been answered along the way no matter how trivial. We can’t thank Malcolm, Joe and Lyndsey enough for their help throughout this process and for...
2 years ago
Oliver
Wayne and Meghan were great and everything was sorted without issue or effort. Great advice and got the product I needed. Great service.
2 years ago
James
I first used UK Moneyman when buying my house in 2017. I returned in 2021 for my remortgage. In both instances I found Malcolm and his team to offer excellent service, making the process clear and simple. He talked me through every step, and...
2 years ago
Gemma
Very helpful and professional
2 years ago
Laura
Very helpful. Reply to emails quickly and clearly. Would definitely recommend
2 years ago
We start with a free lifetime mortgage appointment in Beverley with one of our experienced advisors. This no-obligation session allows us to understand your financial goals and explore whether a lifetime mortgage is right for you. It’s a chance for you to ask questions, learn about the options available, and receive expert mortgage advice in Beverley tailored to your individual needs and future plans.
Equity release may not always be the best option, and our advisors will ensure you consider all alternatives before making a decision. Depending on your situation, options like downsizing, accessing savings, or exploring other financial products could be more suitable. We provide impartial advice to help you choose the most effective solution for your circumstances in Beverley.
Deciding on a lifetime mortgage is an important step, and we encourage you to involve your family or other trusted individuals in the process. Open conversations can help ensure that everyone understands the potential implications for the future. Our mortgage advisors in Beverley are available to provide clarity and support during these discussions, helping everyone feel confident about the decision.
After fully assessing your needs and exploring all alternatives, we’ll provide a personalised lifetime mortgage recommendation. This includes details about the product, lender, and features that match your financial goals. Our mortgage advisors in beverley will guide you through the process with transparency and care, ensuring you feel secure in your choice every step of the way.
Our mortgage advisors in Beverley offer a free mortgage review to help you explore your options and make informed decisions about your future.
Whether you’re considering a lifetime mortgage or need advice on alternative financial products, this no-obligation service is designed to provide expert mortgage advice in Beverley tailored to your needs.
As a trusted mortgage broker in Beverley, we work with a wide range of lenders to find the perfect deal for you.
Our goal is to match you with a mortgage product that fits your financial goals and lifestyle, ensuring you feel confident and secure in your choice.
We pride ourselves on offering exceptional service to every client. From your first conversation with our mortgage advisors in Beverley to the completion of your mortgage process, you’ll receive clear, honest, and professional guidance every step of the way.
We understand that life doesn’t stop for financial decisions. That’s why our mortgage advisors in Beverley are available seven days a week, offering flexible appointments to fit around your schedule.
Whether it’s a weekday or weekend, we’re here to provide expert mortgage advice in Beverley whenever you need us.
A lifetime mortgage can provide those aged 55 and over with a valuable boost to retirement income, ensuring financial stability and peace of mind.
Many clients seeking mortgage advice in Beverley use this option to access equity in their property, covering everyday expenses, managing unexpected costs, or enjoying hobbies they’ve always wanted to pursue.
A mortgage broker in Beverley can help you explore the available options to support your retirement lifestyle.
Lifetime mortgages are often used by those aged 55 and over to assist family members financially, such as supporting a loved one with a house deposit or contributing to education costs.
Releasing equity from your property allows you to provide meaningful support while retaining ownership.
Our mortgage advisors in Beverley can guide you through this process, ensuring it aligns with your goals and long-term plans.
For those aged 55 and over, a lifetime mortgage is a great way to fund home improvements or adaptations.
Whether renovating a kitchen, upgrading a bathroom, or making accessibility adjustments, this option helps you stay in the home you love while making it more suitable for your needs.
Expert mortgage advice in Beverley ensures you choose the right plan to finance these projects effectively.
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Beverleymoneyman.com & Beverleymoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Hull, HU9 1PU.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk
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Beverleymoneyman.com & Beverleymoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Hull, HU9 1PU.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk
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