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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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Kainaat
No words or gratitude could be enough to express the appreciation and gratefulness I feel towards Stacey and Matt. They have supported and helped me through the most challenging time of my life, and managed to get me a mortgage considering I was...
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Laura
Great service and kept well informed
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Ingrid
Fantastic team of professionals. Special acknowledgement to Dan whose expertise is second to none. Would highly recommend this Company.
2 days ago
Glen
Wayne, Lizzi and the team were fantastic throughout the whole process of me buying on my own for the first time. They took the time to help explain everything in detail, and bared with me whilst they gave me house buying for dummies 101! Every...
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Anonymous
We received excellent advice. Anything we didn't understand was explained in detail. We were dealt with promptly and professionally. We would have no hesitation in recommending UK Moneyman.
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Jake
Fantastic service & great value for money. Save yourself the stress and get these guys to help!
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Mr Dmitrii
We just wanted to take a moment to express our sincere gratitude for all your hard work and dedication in securing our mortgage. Your expertise, patience, and clear communication made the entire process so much smoother and far less stressful than...
2 weeks ago
Barrie
With you every step of way, return every call you make, great service 10 out of 10.
2 weeks ago
Ms Charlotte
I cannot recommend Charlie Bryson highly enough. He is extremely knowledgeable, responsive, reliable and went the extra mile to find a solution for me. He also made the whole process easy and enjoyable. Amy, my case manager, was efficient and took...
2 weeks ago
Anonymous
Great communication very helpful highly recommended
3 weeks ago
Ms Natalia
I just wanted to personally thank Matt, Amy, and the UK Moneyman team for all your hard work in securing our mortgage. Your expertise, patience, and clear communication made the whole process much smoother and less stressful than we expected. You...
3 weeks ago
Mr Connor
Amazing Fast paced, person centred and able to easy build relationships with people! Matt was amazing!! He would work around out schedules
3 weeks ago
Mr Peter
very assisting and a good customer service, Matt guided me through out my application process till I received the offer, he was very helpfull, I surely recommend the UK Moneyman to every first buyer.
3 weeks ago
Anonymous
This is the fourth time we've used UK Money Man to assist with our mortgage needs. They consistently look after us and help us to get the best product with exceptional customer service. Thank you!
3 weeks ago
Miss Emily-Rose
We have used Uk money man for our initial mortgage ( they found the best mortgage for us ) and then for our next 2 product transfer . They are always helpful , thorough and have helped us to get the best mortgage for us . Will continue to use...
1 month ago
Mrs Lindsey
Matt and the team were great to deal with. Fully informed, sought out the best product to meet our needs and followed through very efficiently. Would highly recommend.
1 month ago
Michael
Lizzi & Leo were exceptional throughout the entire process and truly put my mind at ease. Their dedication and expertise are unmatched—I honestly wouldn’t trust any other company to secure the best mortgage deal. From start to finish, I felt...
1 month ago
Abhishek
Great advice and service
1 month ago
Anonymous
Amazing service. Jason was so helpful and explained every step of the process. Worth every penny
1 month 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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