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For those aged 55 and over, a lifetime mortgage in Harrogate offers a practical way to tap into the value of your home while continuing to live there.
A lifetime mortgage is a type of equity release product that can provide the financial boost needed to enjoy retirement on your terms, whether that means funding renovations, travel, or personal projects.
With a lifetime mortgage, you’ll retain full ownership of your home, and they are available on both freehold and leasehold properties.
Our skilled mortgage advisors in Harrogate will help you understand your options and connect you with a suitable lender.
For a lifetime mortgage, those aged 55 and above in Halifax can choose between two main types of lifetime mortgages. Lump sum lifetime mortgages offer a single payment, perfect for covering large expenses, while drawdown lifetime mortgages provide flexibility for accessing smaller amounts as needed.
As a trusted mortgage broker in Halifax, we often suggest lifetime mortgages if you’re considering:
As providers of lifetime mortgage advice in Halifax, we often assist older borrowers who use these products to purchase a property. Common reasons include:
If a lifetime mortgage isn’t suitable, we’ll explore alternative mortgage options for the over-50s in Halifax to ensure your needs are met.
Yes, a lifetime mortgage can help those aged 55 and over fund a move to a new property.
This option is often chosen by individuals downsizing, relocating to Halifax to be closer to family, or buying a property that better suits their lifestyle or accessibility needs.
By releasing equity, you can cover moving costs while retaining ownership of your new property.
A mortgage broker in Halifax can guide you through the process and help you find a plan that aligns with your financial goals.
No, you’re not permanently tied to a lifetime mortgage.
Many plans offer flexibility, including voluntary repayments to reduce the balance or remortgaging options if a new product better suits your needs.
Regular reviews with a mortgage broker in Halifax can ensure your plan remains aligned with your long-term goals and changing circumstances.
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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We are incredibly grateful to Dinah at UK Moneyman for helping us secure our mortgage! From the very beginning, she was knowledgeable, supportive, and genuinely committed to finding the best solution for us. Dinah made what could have been a...
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Sam
A fantastic company to use for mortgage brokering. The service levels are second to none, the staff are friendly and always willing to help, with fast, clear, and prompt communication. I cannot find any fault with their service and I am already a...
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Anonymous
Jason was incredibly helpful. He demystified the mortgage process for us and made everything so much easier for us as first time buyers.
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Anonymous
Very professional and helpful. Chris was very friendly and explained everything very clearly throughout. They were very professional and prompt with any information and updates
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Mr Lewis
amazing service from a team of well trained professionals in the field , helped make applying for a mortgage feel like a breeze and would reccomend to anyone looking to use their knowledgebase
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Amy
Fantastic service!! I literally cannot thank the team enough. Everyone, went above and beyond. Fast responses to questions and queries, regular updates and a really friendly team - all helped to put my mind at ease. Everything felt taken care of and...
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Robert
They were friendly and really helpful I would recommend to friends, family
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Deborah
Absolutely amazing company. I needed a mortgage for 3 people as joint owners. After trying to look myself with no success, I came across Nottingham Moneyman. The fee was worth every penny, as from start to finish Charlie and Amy sorted...
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Tracey
Excellent service, nothing was too much bother. Would definitely recommend to friends and family.
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Mrs Rebecca
Great help make the process easy will be using again in future
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Angela
I could not be more pleased with the service from Wayne. Needing a mortgage at my age (old) was a daunting thought. He put me at ease straight away. He guided me through and with the help of Jo Parnell. I have my mortgage and the chance once again...
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Joanne
Everyone who worked with us was amazing and I highly recommend UK Moneyman. They helped us every step of the way. Thanks Matt and Debbie
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Maria
Conor and the team at UK moneyman have been amazing. Very attentive always on hand to answer any queiries at anytime. Very professional throughout the process and we 100% will recommend them going forward. Thanks again guys.
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Richard
Entering into the mortgage world at almost 50 years old was daunting! We needed quite a large amount which would also need to run into our retirement years…. I contacted Conor Longthorne at UK Moneyman and instantly felt at ease with the whole...
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Dr Gurvinder
The service provided by Connor and the team has been great, they have taken the stress out of re-mortgaging for me.
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Viniece
Dinah made the mortgage process smooth and stress-free. She’s knowledgeable, responsive, and truly cares about her clients. I’m grateful for her help and would recommend her to anyone.
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Sharon
Dan Osman was absolutely brilliant.In fact everyone at Moneyman was brilliant. Thank you all. Sharon Phillips.
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Hamza
excellent service
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Dr Christopher
Extremely helpful and efficient. The staff involved made every step clear
3 weeks ago
Anonymous
Excellent advice, help and admin from the people at Moneyman, hightly recommended.
3 weeks ago
We start with a free lifetime mortgage appointment in Halifax with one of our experienced mortgage advisors in Halifax. This no-obligation session is an opportunity to discuss your financial goals and explore whether a lifetime mortgage is the right option for you. With expert mortgage advice in Halifax tailored to your circumstances, we’ll help you make an informed decision about your future.
Equity release may not always be the best solution, and as a trusted mortgage broker in Halifax, we’ll help you evaluate all possible alternatives. Whether it’s downsizing, using savings, or exploring other financial products, our impartial mortgage advice in Halifax ensures you choose the option that best fits your needs and goals.
We understand that deciding on a lifetime mortgage is a big decision, and we recommend discussing your plans with trusted individuals such as family members. Open communication ensures everyone understands the potential impacts. Our mortgage advisors in Halifax are available to support these discussions, providing clarity and helping everyone feel confident about the decision.
After a thorough assessment of your situation and consideration of all alternatives, we’ll provide a tailored lifetime mortgage recommendation. As a trusted mortgage broker in Halifax, we focus on matching you with the most suitable lender and product to meet your financial goals. Our mortgage advisors in Halifax will guide you through the entire process, ensuring it’s straightforward and transparent.
Our mortgage advisors in Halifax provide a free mortgage review to help you explore your options and make informed decisions about your future. This no-obligation consultation offers personalised mortgage advice in Halifax, whether you’re considering a lifetime mortgage or exploring other financial products.
As a trusted mortgage broker in Halifax, we compare a variety of lenders to find the perfect deal for you. Whether you’re looking for specific features or the best rates, we’ll ensure the solution fits your financial goals and lifestyle.
We pride ourselves on delivering excellent service from start to finish. Our mortgage advisors in Halifax are here to guide you through every step of the process, offering clear and honest advice to make your experience as stress-free as possible.
We understand how busy life can be, which is why our mortgage advisors in Halifax are available seven days a week. Whether you need mortgage advice in Halifax during the week or on the weekend, we’re here to support you at a time that suits your schedule.
For those aged 55 and over, a lifetime mortgage can provide a reliable way to supplement retirement income, ensuring financial freedom and stability.
Accessing equity in your property can help with daily expenses, unexpected costs, or enjoying your hobbies and leisure time.
Trusted mortgage advice in Halifax ensures you find a product that supports your financial goals.
A lifetime mortgage is often used by those aged 55 and over to assist family members with financial needs.
Whether helping a child with a house deposit or contributing to education costs, this option allows you to release equity while retaining ownership of your property.
Our mortgage advisors in Halifax offer expert guidance to make the process straightforward and beneficial.
Lifetime mortgages are a popular choice for those aged 55 and over wanting to fund home improvements.
From upgrading kitchens and bathrooms to adapting the home for accessibility, this option allows you to create a space that suits your needs while staying in your property.
A mortgage broker in Halifax can guide you toward the best solution to fund your project effectively.
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Halifaxmoneyman.com & Halifaxmoneyman 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: 9 Gallows Lane, Beverley, United Kingdom HU17 7FJ.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk.
© Halifaxmoneyman 2025.
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Halifaxmoneyman.com & Halifaxmoneyman 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: 9 Gallows Lane, Beverley, United Kingdom HU17 7FJ.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk.
© Halifaxmoneyman 2025.
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