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Those aged 55 and above can benefit from a lifetime mortgage in Grimsby, a flexible solution designed to provide financial security in retirement.
Whether you need a lump sum for a major expense or regular payments for ongoing support, this type of equity release product allows you to tailor the funds to your needs.
With a lifetime mortgage, you’ll retain full ownership of your home, and they are available on both freehold and leasehold properties.
Speak to an expert mortgage advisor in Grimsby and see how a lifetime mortgage can help yopu achieve your financial goals.
Lifetime mortgages in Grimsby offer two key options for those aged 55 and above. Lump sum lifetime mortgages deliver a single, tax-free payment for major expenses, while drawdown lifetime mortgages allow you to release funds as needed.
As a trusted mortgage broker in Grimsby, we often suggest lifetime mortgages for the following:
Providing lifetime mortgage advice in Grimsby, we frequently work with older borrowers who find these products beneficial for property purchases. Typical reasons include:
For those who may benefit from a different product, we’ll recommend alternative mortgage options for the over-50s in Grimsby.
Yes, a lifetime mortgage can help those aged 55 and over fund a move to a new property.
This is a great option if you’re downsizing, relocating to Grimsby to be closer to loved ones, or buying a property that better meets your retirement needs.
A lifetime mortgage allows you to access equity to support the cost of your move while still retaining ownership of your new home.
A mortgage broker in Grimsby can guide you through the process and ensure the plan is the right choice for your situation.
No, you’re not permanently tied to a lifetime mortgage.
Many plans offer voluntary payment options to reduce the balance or remortgaging options if you want to switch to a new product.
A mortgage broker in Grimsby can assist you with regular reviews to ensure your lifetime mortgage remains 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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4.95 Rating40 Reviews
Tony
Exceptionally easy, great communications throughout the whole process. Just received our mortgage offer!
1 month ago
Umu
Thank you with all the team for the hard work.
7 months ago
Paul
We were difficult clients because of our circumstances, but you guys smashed it out of the park! Thank you very much, we are eternally grateful Paul and Umu
7 months ago
Ben
Very good fast efficient service everybody was so helpful
7 months ago
Neil
Great service highly recommended
8 months ago
David
The whole process went very smoothly. There was no sense of any pressure being applied at any stage which was appreciated. It was made clear that any future advise sought would be forthcoming as the advisor intended to be there for the duration.
9 months ago
Samantha
Chris was our advisor, from start to finish he has been amazing. He got us exactly what we wanted. Explained everything to us and has been quick and patient throughout! Would recommend him to anyone!
10 months ago
Anonymous
Great service, would use again.
1 year ago
Lucy
Absolutely lovely team of people! Leo has been really friendly and helpful throughout the process! Would highly recommend.
1 year ago
Anonymous
great service, thanks
1 year ago
Bryn
Couldn’t recommend moneyman enough. Went from thinking we wouldn’t get a mortgage due to being told so by another broker, to getting approved for our dream first house. We dealt with tom and stacey, and both was brilliant. From the initial...
1 year ago
Angela
It is our 1st time getting a mortgage and they where extremely helpful. There was confusion at the the beginning that was there fault but our solicitors and estates agent and they where so helpful they couldn't do enough to help us and reassure us....
2 years ago
Patrick
Very nice and frendly Staff, helped me with anything i need. Thank you Patryk, Patrycja Datkiewicz.
2 years ago
Steven
Tom and Jo were very friendly and helpful throughout the process! They took the stress out of applying for our mortgage and we’re very quick to process everything. Highly recommend :)
2 years ago
Georgia
Tom & Jo did a fabulous job at helping us get our first mortgage, we weren’t sure whether we would qualify for a mortgage given that I had only been self employed for two years and had been turned down by other lenders. Both Tom & Chloe kept us up...
2 years ago
Kevin
Extreamly satisfied with the service. Ryan made us feel comfortable from the start, which made the whole process a little less daunting. Lyndsey was fab and answered any questions we had. Will be recommending to all in future!
2 years ago
Samantha
Huge huge huge Thankyou to Matt and Louise for securing me a mortgage on my first home. I never thought I’d be able to get a mortgage given a few issues with my credit rating but they worked tirelessly with different mortgage companies to ensure...
2 years ago
Jane
Excellent service and advice, made the process of securing a mortgage stress free and quick. Joe Dewsbury my mortgage advisor could not have been more helpful and Kayleigh Stewart my case manager was friendly, easy to comunicate with, quick and ...
2 years ago
Kyle
Very happy with the service provided by everyone on the team and the speed in which they got things mooving. Was always available when you was needed and made it hassle free for me, thankyou again and all the best. Kind regards, Kyle Thain.
2 years ago
kenneth
Matt Collinson and his team lead us through this process with effortless ease. Communication was always clear and we were kept up to date at each stage of the process. The team are polite and professional and nothing is to much trouble. We highly...
3 years ago
We start with a free lifetime mortgage appointment in Grimsby with one of our experienced mortgage advisors in Grimsby. This no-obligation meeting is designed to help you understand whether a lifetime mortgage suits your financial goals. During this session, you’ll receive expert mortgage advice in Grimsby tailored to your circumstances, with plenty of opportunities to ask questions.
Equity release isn’t always the best option, and as a trusted mortgage broker in Grimsby, we’ll ensure you explore all the alternatives. Depending on your situation, options such as downsizing, using existing savings, or exploring other financial products may be more suitable. Our impartial mortgage advice in Grimsby helps you make an informed decision that aligns with your needs.
Making decisions about a lifetime mortgage is a significant step, and we encourage you to involve family members or other trusted individuals in the process. Open conversations help ensure that everyone understands the potential impacts. Our mortgage advisors in Grimsby are here to support these discussions, offering clarity and reassurance to all involved.
Once we’ve explored all the options and alternatives, we’ll provide a personalised lifetime mortgage recommendation tailored to your goals. As a trusted mortgage broker in Grimsby, we’ll connect you with the most suitable lenders and products, ensuring you make the right choice. Our mortgage advisors in Grimsby will guide you through every step of the process, making it straightforward and stress-free.
Take advantage of a free mortgage review with our mortgage advisors in Grimsby. This no-obligation session provides expert mortgage advice in Grimsby, helping you explore your options and make informed financial decisions.
As a reliable mortgage broker in Grimsby, we work with a wide panel of lenders to find the perfect deal for you. Whether you’re considering a lifetime mortgage or exploring alternatives, we’ll ensure the solution meets your needs and goals.
Our mortgage advisors in Grimsby are committed to delivering exceptional service at every stage of the process. From your initial enquiry to the final completion, we’re here to provide honest and professional advice.
Our mortgage advisors in Grimsby are available seven days a week to provide flexible support. Whether you need mortgage advice in Grimsby on a weekday or weekend, we’re here to assist you whenever it’s convenient.
For those aged 55 and over, a lifetime mortgage can help boost retirement income, providing financial security and peace of mind.
Releasing equity in your property can support daily living costs, unexpected bills, or leisure activities.
Seeking mortgage advice in Grimsby ensures you find a plan that suits your needs and enhances your quality of life.
Lifetime mortgages are often used by those aged 55 and over to help family members financially, such as assisting with a house deposit or covering education expenses.
By accessing the equity in your property, you can provide support while retaining ownership of your home.
Our mortgage advisors in Grimsby will guide you through the process to ensure it aligns with your family’s needs.
A lifetime mortgage is a practical solution for those aged 55 and over looking to fund home improvements or adaptations.
From upgrading kitchens and bathrooms to making accessibility modifications, this option allows you to enhance your property while staying in the home you love.
A mortgage broker in Grimsby can help you select the best product to achieve your renovation goals.
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Grimsbymoneyman.com & Grimsbymoneyman 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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Grimsbymoneyman.com & Grimsbymoneyman 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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